REG - LUKOIL Int Finance - INFORMATION TO HOLDERS OF THE NOTES DUE 2026

London Stock ExchangeAnnouncement

13/03/2023 14:15

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RNS Number : 7808S  LUKOIL International Finance B.V.  13 March 2023

INFORMATION TO HOLDERS OF THE NOTES

ISIN XS1514045886/US549876AL44 DUE 2026

 

PJSC LUKOIL (hereinafter - the Company) informs the holders of the
U.S.$1,000,000,000 4.750 per cent. Notes of LUKOIL International Finance B.V.
guaranteed by the Company due November 2, 2026 ISIN XS1514045886/US549876AL44
that they can apply for the next interest payment due May 2, 2023 via direct
payment option.

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 a 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 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
(https://www.lukoil.com/InvestorAndShareholderCenter/Securities/Bonds) ):

 

Step 1. Send the below documents in scan copies no later than April 3, 2023 to
eurobonds@lukoil.com (mailto:eurobonds@lukoil.com) .

·   Direct Payment Application:

o For legal entities (download from website
(https://www.lukoil.com/InvestorAndShareholderCenter/Securities/Bonds) )

o For individuals (download from website
(https://www.lukoil.com/InvestorAndShareholderCenter/Securities/Bonds) )

 

·   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, Clearstream, Luxembourg or DTC 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, Clearstream, Luxembourg or DTC 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 May 2023
direct payment in the form of the below MT599 SWIFT instruction (if the Notes
are held through Euroclear or Clearstream) or Suppression letter (if the Notes
are held through DTC) and send confirmation from Direct Participant to
eurobonds@lukoil.com (mailto:eurobonds@lukoil.com) no later than April 10,
2023.

·   SWIFT MT599 renunciation instruction (Euroclear/Clearstream) (download
from website
(https://www.lukoil.com/InvestorAndShareholderCenter/Securities/Bonds) )

·   Suppression letter (DTC) (download from website
(https://www.lukoil.com/InvestorAndShareholderCenter/Securities/Bonds) )

 

Step 3. Send the Proof of Holding as of the Record Date (May 1, 2023*) no
later than May 4, 2023 to eurobonds@lukoil.com (mailto:eurobonds@lukoil.com) .

* the Proof of Holding should be provided as of 28 April 2023, if the Notes
are held through Euroclear or Clearstream, or as of 1 May 2023, if the Notes
are held through DTC

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

 

Attention

The submitted Direct Payment Application forms not accompanied with true and
valid Proofs of Holding, STAC and SWIFT MT599 or Suppression letter
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 Application, Proof of Holding and STAC  March 13 - April 3
 Submission of MT599/Suppression letter confirmation                  March 13 - April 10
 Payment Record Date                                                  May 1
 Submission of Proof of Holding as of the Record Date                 No later than May 4
 Direct Payments                                                      From May 2

 

Contacts

eurobonds@lukoil.com (mailto:eurobonds@lukoil.com)

+7 495 980 32 22

 

 

 

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