Company name Metinvest B.V.
Headline Provisional Relief in the U.S.


RNS Number : 7709N
Metinvest B.V.
02 February 2016
 

Company name: Metinvest B.V.

Headline: Scheme of Arrangement: Notice of order granting provisional relief in the U.S.

 

 

IRISH STOCK EXCHANGE ANNOUNCEMENT

 

 

02 February 2016

Metinvest B.V. (the "Company")

 

U.S.$85,238,250 10.25 per cent. Guaranteed Notes due 2016 (the "2016 Notes")

ISIN: XS0511379066, Common Code: 051137906

ISIN: US591555AA54, CUSIP: 591555AA5

 

U.S.$289,734,000 10.50 per cent. Guaranteed Notes due 2017 (the "2017 Notes")

ISIN: XS1145219652, Common Code: 114521965

ISIN: US591555AC11, Common Code: 114752894

CUSIP: 591555 AC1

 

U.S.$750,000,000 8.75 per cent. Guaranteed Notes due 2018 (the "2018 Notes" and, together with the 2016 Notes and the 2017 Notes, the "Notes")

ISIN: XS0591549232

ISIN: US591555AB38, CUSIP: 591555 AB3

 

Notice of order granting provisional relief in aid of a foreign proceeding pursuant to Chapter 15 of the US Bankruptcy Code

Reference is made to the notice dated 14 January 2016 notifying holders of the Notes that the foreign representative of the Company had filed (i) a petition in the United States Bankruptcy Court (the "Petition") seeking recognition and enforcement in the United States of a scheme of arrangement between the Company and the holders of the Notes under Section 899 of the English Companies Act 2006 (the "Scheme") as a "foreign nonmain proceeding" and (ii) a motion for provisional relief seeking enforcement of the Scheme on a provisional basis pending the resolution of the Petition. The Scheme was sanctioned by the High Court of England and Wales on 29 January 2016.

Notice is hereby given that on 29 January 2016 the United States Bankruptcy Court ordered that the Scheme should be given full force and effect in the U.S on a provisional basis pending the recognition hearing scheduled for 9 February 2016. A copy of the order dated 29 January 2016 is available on the Scheme Website at www.lucid-is.com/metinvest. At the recognition hearing, the Bankruptcy Court will consider whether to recognise the Scheme as a "foreign nonmain proceeding" and permanently recognise the Scheme in the United States.

For further information please contact:

 

Lucid Issuer Services Limited as the Information Agent

David Shilson / Thomas Choquet

Tankerton Works

12 Argyle Walk

London WC1H 8HA

Phone:              +44 (0) 207 704 0880

Email:               metinvest@lucid-is.com

 

This Notice is given by:

 

Metinvest B.V.

Alexanderstraat 23

2514 JM

The Hague

The Netherlands

 

02 February 2016

 

 

 

This announcement has been issued through the Companies Announcement Service of

The Irish Stock Exchange

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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