REG-VK Company VK Company: Comment on Interest Payment under Convertible Bonds

VKAnnouncement

01/04/2022 17:15

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   VK Company (VKCO)
   VK Company: Comment on Interest Payment under Convertible Bonds

   01-Apr-2022 / 19:00 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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   1 April, 2022         

                                        

                               VK COMPANY LIMITED

                                        

              Comment on Interest Payment under Convertible Bonds

    

   VK Company Limited (LSE, MOEX: VKCO, hereinafter referred as "VK" or  "the
   Company"), informs that  the regular semi-annual  interest payment in  the
   amount of USD  3.25mn under  USD 400mn  1.625 per  cent. Senior  Unsecured
   Convertible Bonds due  2025 (the  "Bonds") due on  1 April  2022 has  been
   received by the Principal Paying, Transfer and Conversion Agent (The  Bank
   of New  York  Mellon,  London  Branch)  on 22  March  2022  and  shall  be
   distributed in accordance with Clause 5.3 of the Agency Agreement  between
   the Issuer, Trustee, Principal Paying,  Transfer and Conversion Agent  and
   Registrar dated 1 October 2020 (the "Agency Agreement") and Condition 7 of
   the Terms and  Conditions of the  Bonds (the "Conditions").  As a  result,
   according to Clause 5.1 of the Agency Agreement, the Company has fulfilled
   its obligations in respect of the interest payment in full.

    

   The Paying, Transfer and Conversion Agents, having received the funds from
   the Company, shall, subject to and in accordance with the Conditions,  pay
   interest in respect of the Bonds on its due date on behalf of the Company.

    

   As previously stated in the Company's  press release dated 17 March  2022,
   due to  the suspension  of its  GDRs trading  on the  LSE Main  Market,  a
   "De-listing Event" in respect  of the Bonds has  occurred. The Company  is
   working with its financial advisors, Aspring Capital and Serdika Financial
   Services,  to  develop  proposals  to  the  Bondholders  to  address   the
   "De-listing Event" and consequences thereof. Further inquiries can be made
   at  1 VKbondholders@aspringcap.com or to the Company's Investor  Relations
   department at  2 ir@vk.team.

    

   If a Bondholder does not  receive the interest payment promptly  following
   its due date, it  should contact the Principal  Paying Agent (The Bank  of
   New York Mellon)  and is  also invited  to notify  the Company's  Investor
   Relations Department.

    

   For further information please contact:

    

   Investors

   Tatiana Volochkovich
   Phone: +7 495 725 6357 extension: 3434
   E-mail:  3 t.volochkovich@vk.team

    

   Press

   Alina Fedorova
   Mobile: +7 916 238 1297
   E-mail:  4 alina.fedorova@vk.team 

    

   About VK

    

   VK develops the ecosystem helping millions of people with their day-to-day
   needs online.  More than  90% of  the Russian  internet audience  use  the
   ecosystem services.

    

   The ecosystem enables people  to keep in touch  (using social networks  OK
   and VKontakte, messaging apps  and email service),  play video games  (via
   MY.GAMES), get and offer items and  services, browse jobs and hire  talent
   (via Youla and  VK Jobs), order  food and grocery  delivery (via  Delivery
   Club, Samokat  and  Local  Kitchen), master  new  skills  (at  GeekBrains,
   Skillbox and  other  educational services),  buy  and sell  at  AliExpress
   Russia and fulfill other needs.

    

   The VK  ecosystem  features  a  number of  shared  elements  bringing  the
   services together. Users can sign in  to different services with a  single
   VK ID  account, pay  and earn  cash back  with the  VK Pay  platform,  get
   discounts and deals with VK Combo, access their favorite services via  the
   VK Mini Apps platform - and the Marusya voice assistant can help with  any
   task.

    

   The Company offers enterprises to employ its dynamic ecosystem to digitize
   their business  processes,  providing a  range  of solutions  from  online
   promotion and  predictive analytics  to corporate  social networks,  cloud
   services and enterprise automation.

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   ISIN:          US5603172082
   Category Code: MSCH
   TIDM:          VKCO
   LEI Code:      2138009IXUP41SPL5B50
   Sequence No.:  153210
   EQS News ID:   1318493


    
   End of Announcement EQS News Service

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References

   Visible links
   1. mailto:VKbondholders@aspringcapital.com
   2. mailto:ir@vk.ru
   3. mailto:t.volochkovich@vk.team
   4. mailto:alina.fedorova@vk.team


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