51QM Lukoil Int. 26a

TIDM51QM

RNS Number : 3765T

LUKOIL International Finance B.V.

17 March 2023

REMINDER FOR HOLDERS OF THE NOTES

ISIN XS0919504562 DUE APRIL 24, 2023

PJSC LUKOIL (hereinafter - the Company) reminds that the Company accepts applications from the holders of the U.S.$1,500,000,000 4.563 per cent. Notes of LUKOIL International Finance B.V. guaranteed by the Company due April 24, 2023 ISIN XS0919504562 for direct payment option for redemption no later than March 20, 2023 .

The direct payment option implied by Condition 8 (Payments) of the Conditions of the Notes allows the Issuer fulfill its obligations to Noteholders directly without involvement of international clearing systems (Euroclear, Clearstream, DTC). The application of the direct payment option is due to the current situation when the payments on LUKOIL Group Notes made in October-November 2022 have not been properly executed to date by international clearing systems.

Direct payment will be performed in USD in full amount (including principal and final interest) as soon as the Proof of Holding as of the Record Date is received from the respective Noteholder.

In order to apply for direct payment the Noteholder has to follow the below instruction (also available on the Company's website ):

Step 1. Send the below documents in scan copies no later than March 20, 2023 to eurobonds@lukoil.com .

   --   Direct Payment Application: 

o For legal entities (download from website )

o For individuals (download from website )

-- Proof of Holding from the broker/depositary as of the date which is not earlier than 3 business days before submission of the Direct Payment Application.

-- Statement of Account for the Purpose of Proof of Holding (a STAC) from Euroclear or Clearstream, Luxembourg sufficiently evidencing the principal amount of the Notes held on the Direct Participant's account specified in the Proof of Holding (not earlier than 3 business days before submission of the Direct Payment Application).

The Proof of Holding shall be provided in the form of a statement of account or holdings report from a Direct Participant, each acceptable form of proof of holding confirming (a) the Euroclear or Clearstream, Luxembourg Direct Participant name and account number, (b) the full name or legal entity name of the Noteholder, (c) the security and/or ISIN held, and (d) the aggregate amount of the Notes held.

Unless otherwise agreed or waived by the Company at its own discretion, each Proof of Holding and STAC being provided pursuant to this Direct Payment Application shall only be valid if duly signed by an authorized officer with stamp or seal affixed (if one is used). If no stamp or seal is attached to the Proof of Holding and STAC, such Proof of Holding and STAC shall either be notarised or accompanied by a certificate of the person issuing such Proof of Holding and STAC respectively (issued on its letterhead and duly signed) confirming that the contents of such Proof of Holding and STAC are true and accurate as of the date thereof.

Step 2. Instruct the Direct Participant to renounce the due amount of April 2023 direct payment in the form of the below MT599 SWIFT instruction and send confirmation from Direct Participant to eurobonds@lukoil.com no later than March 27, 2023.

   --   SWIFT MT599 renunciation instruction (download from website ) 

Step 3. Send the Proof of Holding as of the Record Date (April 21, 2023) no later than April 26, 2023 to eurobonds@lukoil.com .

In case you cannot download the aforementioned document forms from the website please send a request by email to eurobonds@lukoil.com .

Attention

The submitted Direct Payment Application forms not accompanied with true and valid Proofs of Holding, STAC and SWIFT MT599 confirmations from Direct Participants will not be considered and will be rejected.

The Company preserves its absolute right to reject the applications for direct payment if the provided documents are not determined to be in appropriate form, such determination being solely at the Company's discretion.

Timeline

 
 Submission of Direct Payment        February 2 2 - March 20 
  Application and Proof of Holding 
 Submission of MT599 confirmation    February 2 2 - March 27 
                                    ------------------------ 
 Payment Record Date                 April 21 
                                    ------------------------ 
 Submission of Proof of Holding      No later than April 26 
  as of the Record Date 
                                    ------------------------ 
 Direct Payments                     From April 24 
                                    ------------------------ 
 

Contacts

eurobonds@lukoil.com

+7 495 980 32 22

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STRJRMMTMTBBBBJ

(END) Dow Jones Newswires

March 17, 2023 06:15 ET (10:15 GMT)

Lukoil Int. 26a (LSE:51QM)
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De Dic 2024 a Ene 2025

Lukoil Int. 26a (LSE:51QM)
Gráfica de Acción Histórica
De Ene 2024 a Ene 2025