PAO Severstal: Severstal increases its free float (1194136)
07 Mayo 2021 - 09:31AM
UK Regulatory
PAO Severstal (SVST)
PAO Severstal: Severstal increases its free float
07-May-2021 / 17:30 MSK
Dissemination of a Regulatory Announcement that contains inside information according to REGULATION (EU) No 596/2014
(MAR), transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.
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Severstal increases its free float
Moscow, Russia - 7 May 2021 - PAO Severstal (MOEX: CHMF; LSE: SVST), one of the world's leading steel and steel-related
mining companies, is pleased to inform that it has completed the last transaction for the alienation of global
depositary receipts (GDR's) as part of the conversion of the USD250 million Zero Coupon Convertible Bonds due 2022 issued
in 2017 (the "Bonds").
The conversion was carried out as part of the exercise by the Bondholders of their right to convert their Bonds into
Severstal's GDR's, subject to the Issuer's right to pay to the Bondholders the corresponding cash equivalent of
Severstal's GDRs at its discretion.
On 24 March 2021, the Issuer published an Option Redemption Notice, according to which 28 April 2021 was set as the
last day on which the Bondholders could exercise their right to convert the Bonds into Severstal's GDRs.
As a result of exercise by the Bondholders of their conversion rights in respect of the Bonds, a total of 11,937,016
Severstal's GDRs were placed on the market from 24 March 2021 to 7 May 2021. The conversion was effected by treasury
GDRs owned by companies controlled by PAO Severstal. Thus, the percentage of shareholding of our investors has not
changed. The percentage of free float shares rose by 1.28 p.p. from 21.69% to 22.97% of the company's share capital.
For further information, please contact:
Severstal Investor Relations
Vladimir Zaluzhsky, Nikita Klimantov, Elena Korotkova
T: +7 (495) 926-77-66
vladimir.zaluzhsky@severstal.com
na.klimantov@severstal.com
es.korotkova@severstal.com
Severstal Public Relations
Anastasia Mishanina
T: +7 (495) 926-77-66
anastasia.mishanina@severstal.com
***
P?? Severstal is one of the world's leading vertically integrated steel and steel related mining companies, with assets
in Russia, Latvia and Poland. Severstal is listed on MOEX and the company's GDRs are traded on the LSE. Severstal
reported revenue of USD6,870 million and EBITDA of USD2,422 million in 2020. Severstal's crude steel production in 2020
reached 11.3 million tonnes. www.severstal.com
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ISIN: US8181503025
Category Code: MSCM
TIDM: SVST
LEI Code: 213800OKDPTV6K4ONO53
Sequence No.: 103850
EQS News ID: 1194136
End of Announcement EQS News Service
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(END) Dow Jones Newswires
May 07, 2021 10:31 ET (14:31 GMT)
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