REG-VK Company VK invites holders of its Convertible Bonds to contact its advisors regarding a Ruble denominated purchase offer

VKAnnouncement

31/08/2022 17:00

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   VK Company (VKCO)
   VK invites holders of its Convertible Bonds to contact its advisors
   regarding a Ruble denominated purchase offer

   31-Aug-2022 / 18:45 MSK
   Dissemination of a Regulatory Announcement that contains inside
   information in accordance with the Market Abuse Regulation (MAR),
   transmitted by EQS Group.
   The issuer is solely responsible for the content of this announcement.

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     31 August, 2022

                                        

                               VK COMPANY LIMITED

                                        

      VK invites holders of its Convertible Bonds to contact its advisors
                  regarding a Ruble denominated purchase offer

    

   VK Company Limited (LSE, MOEX: VKCO) invites the remaining holders of  its
   USD 400mn 1.625 per  cent. Senior Unsecured  Convertible Bonds, due  2025,
   (the  “Bonds”)  who  hold  the  Bonds  through  the  National   Settlement
   Depositary (“NSD”) to contact  the Company’s financial advisors  regarding
   the     ongoing     purchase      of     the      Bonds     via      email
   at  1 VKbondholders@aspringcap.com.

    

   Having already launched the Ruble-based buyout process for those who  hold
   the Bonds  through NSD,  the  Company announces  that 58%  of  outstanding
   NSD-held Bonds have been purchased to date through individually negotiated
   transactions.  VK  intends   to  continue  the   buyback  of  Bonds   held
   through NSD.

    

   The issues and the  procedures around the  restructuring of Bonds  sitting
   within  the  International  Clearing  systems  continue  to  be   actively
   reviewed. The  Company recommends  to such  holders to  also be  in  close
   contact with its financial advisors on possible next steps.

    

   For further information please contact:

    

   Investors

   Tatiana Volochkovich
   Phone: +7 495 725 6357 extension: 3434
   E-mail:  2 t.volochkovich@vk.team

    

   Press

   Sergey Makarov
   Mobile: +7 926 818 9589
   E-mail:  3 se.makarov@vk.team 

    

   About VK

    

   VK is one  of the  largest technology  companies in  Russia, its  products
   helping millions of people with  their day-to-day needs online. More  than
   90% of the Russian internet audience use VK services, which enable  people
   to keep in touch,  play video games, master  new skills, listen to  music,
   watch and create video  content, buy and offer  goods and services,  order
   food and  grocery delivery  and fulfill  wide range  of other  needs.  The
   company provides a number of solutions for digitizing business  processes,
   from  online  promotion  and  predictive  analytics  to  corporate  social
   networks, cloud services and enterprise automation.

    

   Not for  release,  publication  or  distribution  in  the  United  States,
   Australia (other than persons in Australia to whom an offer of  securities
   may be made without a disclosure document in accordance with Chapter 6D of
   the Australian  Corporations  Act  (Cth)  2001),  Canada,  Japan,  Russian
   Federation (other than persons  being “qualified investors” in  accordance
   with Article 51.2 of the Federal Law No. 39-FZ “On the Securities  Market”
   dated  22  April  1996,  as  amended),  South  Africa  or  in  any   other
   jurisdiction in which such publication or distribution would be prohibited
   by applicable law.

    

   Some of  the information  in these  materials may  contain projections  or
   other forward-looking  statements regarding  future events  or the  future
   financial performance of the Company, its subsidiaries and affiliates. You
   can identify  forward  looking  statements  by  terms  such  as  “expect”,
   “believe”, “anticipate”, “estimate”, “intend”,  "will", “could”, “may”  or
   “might” the  negative of  such  terms or  other similar  expressions.  The
   Company, its subsidiaries and  affiliates wish to  caution you that  these
   statements are only predictions and that actual events or results may  and
   often do differ materially. The  Company, its subsidiaries and  affiliates
   do  not  intend  to  update   these  statements  to  reflect  events   and
   circumstances occurring after the date hereof or to reflect the occurrence
   of  unanticipated  events.  Any  forward-looking  statements  reflect  the
   Company’s current  view with  respect to  future events  and many  factors
   could cause the actual results  to differ materially from those  contained
   in projections or  forward-looking statements of  the Company,  including,
   among others, general  economic conditions,  the competitive  environment,
   risks associated with operating in Russia, rapid technological and  market
   change in  the industries  the Company,  its subsidiaries  and  affiliates
   operate in,  as well  as  many other  risks  specifically related  to  the
   Company,  its   subsidiaries   and  affiliates   and   their   operations.
   Forward-looking statements speak only as of the date they are made.

    

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   ISIN:          US5603172082
   Category Code: MSCH
   TIDM:          VKCO
   LEI Code:      2138009IXUP41SPL5B50
   Sequence No.:  185158
   EQS News ID:   1432723


    
   End of Announcement EQS News Service

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References

   Visible links
   1. mailto:VKbondholders@aspringcapital.com
   2. mailto:t.volochkovich@vk.team
   3. mailto:se.makarov@vk.team


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