74JJ Petrol 4.24%

TIDM74JJ

RNS Number : 4958Y

Petrol AD

09 September 2020

9 September 2020, Sofia.

PETROL AD ANNOUNCES THE RESULTS OF ITS SOLICITATION OF CONSENTS

IN RELATION TO NOTES

Further to the announcements made by Petrol AD (" Petrol ") on 3 August 2020 and 25 August 2020, Petrol is h ereby pleased to announce that at an adjourned meeting of the holders of the EUR100,000,000 8.375 per cent. Guaranteed Notes due 2022 (the " Notes ") (ISIN: XS0271812447 and Common Code: 027181244) issued by Petrol and guaranteed by Elit Petrol - Lovech AD, of whi ch EUR18,659,000 of the Notes are currently outstanding, held today by teleconference at 10:00 a.m. (London time), the Extraordinary Resolution set out in the notice of adjourned Meeting dated 25 August 2020 (the " Notice ") previously notified to holders of the Notes in accordance with the terms of the Trust Deed for such Notes was duly passed. Accordingly, the modifications and amendments referred to in the Extraordinary Resolution, which include (i) amending the terms and conditions of the Notes and (ii) authorising The Bank of New York Mellon as trustee of the Notes to execute a fourth supplemental trust deed to effect the amendments and waivers in relation to the terms and conditions of the Notes, all as more fully described in the Notice and the consent solicitation memor andum dated 3 August 2020 (the " Consent Solicitation Memorandum "), will be implemented on or around 9 September 2020.

Capitalise d terms used and not otherwise defined in t h is announcement have the meanings ascribed to them in t he Consent Solicitation Memorandum.

For further information:

A complete description of the terms and c ondi t ions of the Conse nt Solicitation is set out in the Consent Solicitation Memorandum. Further details about the transaction can be obtained from the Consent Solicitation Agent or the Tabulation Agent at the contact details below.

 
                    PETROL 
                   Petrol AD 
              43 Cherni Vrah Blvd 
                   Sofia 1407 
              Republic of Bulgaria 
          CONSENT SOLICITATION AGENT 
          Adamant Capital Partners AD 
    7-9 Chervena Stena str, fl.1, office A1 
                   Sofia 1421 
              Republic of Bulgaria 
          Attention: Miroslav Velikov 
             Tel: + 359 2 422 5992 
           Email: solicitation@acp.bg 
 
                TABULATION AGENT 
   The Bank of New York Mellon, London Branch 
          Debt Restructuring Services 
  Merck House, Seldown, Poole, Dorset BH15 1PX 
                 United Kingdom 
     Email: debtrestructuring@bnymellon.com 
 

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END

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September 09, 2020 06:31 ET (10:31 GMT)

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