Company name DTEK Finance Plc
Headline DTEK Energy Group Announcement


RNS Number : 5508Z
DTEK Finance Plc
15 March 2017
 

 

 

DTEK Energy Group Announcement

Kyiv, 15 March, 2017

 

As of 15th March 2017 assets of the DTEK Energy Group (the "Group"), namely DTEK Mine Komsomolets Donbassa PrJSC, Mospino CPE LLC, DTEK Energougol Ene PJSC, DTEK ZUYIVS'KA TPP  (one of the three power stations of DTEK Skhidenergo LLC), DTEK DONETSKOBLENERGO PJSC, ELEKTRONALADKA LLC, DTEK Service LLC, and DTEK POWER GRID LLC, TEHREMPOSTAVKA LLC, DTEK SVERDLOVANTHRACITE LLC, DTEK ROVENKYANTHRACITE LLC which are located in the territory not controlled by the Ukrainian government (the "NCT") were seized by the so-called Donetsk People's Republic (the "DNR") and Luhansk People's Republic (the "LNR").

 

The Group would like to stress that all of the above assets are registered and have been operating in accordance with the legislation of Ukraine. All demands by the "DNR" and the "LNR" with respect to compulsory local registration are unlawful and unacceptable.

 

The Group is applying to the Ukrainian law enforcement agencies, State Fiscal Service of Ukraine, tax authorities and state funds.

 

The Group will use all available national and international legal means to protect its rights.

 

As reported earlier, the Group does not consider that a default or event of default has occurred and does not expect this development to prevent it from continuing to comply with its obligations under the 10.75% Senior PIK Toggle Notes due 2024 issued by DTEK Finance PLC.

 


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