VTB Bank

Publication of Prospectus, Charter and Amendment to Charter in compliance with Listing Rules 14.3.11R and 18.4.3R

Thursday, May 21, 2020 - 5:05pm

PJSC VTB Bank (LSE and MOEX trading symbol: VTBR), one of the largest Russian banks and a global provider of financial services announces that, in compliance with Listing Rules 14.3.11R and 18.4.3R, VTB has forwarded to the FCA for publication a copy of the Prospectus dated 11 May 2007, the Prospectus dated 14 February 2011, VTB Charter (translated in English) and its Amendment which are the documents thatset out the terms and conditions on which its ordinary shares and the global depositary receipts representing its ordinary shares were issued.

Key Points: 
  • PJSC VTB Bank (LSE and MOEX trading symbol: VTBR), one of the largest Russian banks and a global provider of financial services announces that, in compliance with Listing Rules 14.3.11R and 18.4.3R, VTB has forwarded to the FCA for publication a copy of the Prospectus dated 11 May 2007, the Prospectus dated 14 February 2011, VTB Charter (translated in English) and its Amendment which are the documents thatset out the terms and conditions on which its ordinary shares and the global depositary receipts representing its ordinary shares were issued.
  • For more information please contact:

VTB Management Board forgoes 2019 bonus payment in April

Wednesday, April 22, 2020 - 5:03pm

The issuer is solely responsible for the content of this announcement.

Key Points: 
  • The issuer is solely responsible for the content of this announcement.
  • VTB Bank Management Board decided to suspend paying out its bonuses for 2019in April 2020.
  • Uncertainties in the assessment of ramifications of COVID-19 pandemic on the economy and the banking industry make the payment of bonuses to the Management Board inexpedient at this time.
  • The Management Board recommended that the Supervisory Council addresses the bonus issue for 2019 later in the year, but no earlier than September 2020, after considering the dividend payment for 2019 when VTB Group's net profit amounted to RUB 201.2 bn.

EQS-News: PJSC Mechel : Mechel Reports Selling Elga Coal Complex and Completing Restructuring Process with State-Controlled Lender Banks

Wednesday, April 22, 2020 - 12:03pm

In accordance with this agreement, Mechel has sold its 51-percent of the shares of Elgaugol OOO, Elga-Doroga OOO and Mechel Trans Vostok OOO to A-Property OOO.

Key Points: 
  • In accordance with this agreement, Mechel has sold its 51-percent of the shares of Elgaugol OOO, Elga-Doroga OOO and Mechel Trans Vostok OOO to A-Property OOO.
  • The overall restructured debt to Gazprombank and VTB Bank will total 237 billion rubles after Mechel repay part of its debt with proceeds received from selling Elga.
  • "With the current economic situation and our debt leverage in mind, we made a difficult but well-considered and informed decision to sell Elga Coal Complex.
  • This will enable us to retain financial and social stability in Mechel Group's operations and ensure Mechel Group's further development," Mechel PAO's Chief Executive Officer Oleg Korzhov noted.

Polymetal: VTB invests in Veduga to streamline ownership structure and advance project development

Friday, April 17, 2020 - 8:00am

The creative transaction structure allows us to benefit from the financial strength of VTB without straining our own balance sheet.

Key Points: 
  • The creative transaction structure allows us to benefit from the financial strength of VTB without straining our own balance sheet.
  • Crucially, Polymetal now has a clear path to 100% ownership", said Vitaly Nesis, Group CEO of Polymetal.
  • We are fully committed to developing an innovative financing and advisory offering which will allow Polymetal to advance its long-term strategy.
  • VTB will initially acquire a 25.7% stake in Amikan LLC (Amikan), the owner of Veduga gold project ("Project"), from the existing minority shareholders for cash consideration of US$ 36 million.

VTB Postpones Annual General Meeting of Shareholders

Tuesday, April 14, 2020 - 5:04pm

The issuer is solely responsible for the content of this announcement.

Key Points: 
  • The issuer is solely responsible for the content of this announcement.
  • In line with recommendations of the Central Bank of Russia the Supervisory Council of VTB Bank (PJSC) cancelled its earlier decision to hold the Annual General Meeting of Shareholders on June 3, 2020.
  • The date of Annual General Meeting of Shareholders and the record date for determining the list of persons eligible for participation in the Meeting will be set out by separate decisions of the Supervisory Council.
  • According to the current legislation the Annual General Meeting of Shareholders in 2020 shall be held no later than September 30.

Turtle Beach Files Registration Statement For Shares Issued In Connection With Retirement Of Series B Preferred Stock

Wednesday, May 23, 2018 - 2:00pm

SAN DIEGO, May 23, 2018 /PRNewswire/ -- Turtle Beach Corporation (NASDAQ: HEAR), the leading gaming headset and audio accessory brand, today announced it has filed a registration statement for 1,857,143 shares issued in connection with the April 26, 2018 transaction that retired $19.3 million in Series B Preferred Stock of Turtle Beach's subsidiary, VTB Holdings, Inc.

Key Points: 
  • SAN DIEGO, May 23, 2018 /PRNewswire/ -- Turtle Beach Corporation (NASDAQ: HEAR), the leading gaming headset and audio accessory brand, today announced it has filed a registration statement for 1,857,143 shares issued in connection with the April 26, 2018 transaction that retired $19.3 million in Series B Preferred Stock of Turtle Beach's subsidiary, VTB Holdings, Inc.
  • These shares were issued to The Special Situations Funds and 180 Degree Capital Corp. as part of that transaction, which included an agreement to register the new shares.
  • For more information, please see the registration statement on Form S-3 filed on May 22, 2018 with the Securities and Exchange Commission.
  • Turtle Beach ( www.turtlebeach.com and http://corp.turtlebeach.com ) has been revolutionizing console multiplayer gaming since the very beginning with its wide selection of industry leading, award-winning gaming headsets.

Turtle Beach Retires Series B Preferred Stock

Friday, April 27, 2018 - 1:30pm

SAN DIEGO, April 27, 2018 /PRNewswire/ -- Turtle Beach Corporation (NASDAQ: HEAR), the leading gaming headset and audio accessory brand, today announced it has negotiated and executed a series of transactions pursuant to which the Series B Preferred Stock of Turtle Beach subsidiary, VTB Holdings, Inc., with a redemption value of approximately $19.3 million, was retired in exchange for the issuance by the Company of a combination of common stock and pre-funded warrants totaling 1,857,143 shares with a market value of $8.4 million (based on the closing price of the Company's common stock on April 24, 2018).

Key Points: 
  • SAN DIEGO, April 27, 2018 /PRNewswire/ -- Turtle Beach Corporation (NASDAQ: HEAR), the leading gaming headset and audio accessory brand, today announced it has negotiated and executed a series of transactions pursuant to which the Series B Preferred Stock of Turtle Beach subsidiary, VTB Holdings, Inc., with a redemption value of approximately $19.3 million, was retired in exchange for the issuance by the Company of a combination of common stock and pre-funded warrants totaling 1,857,143 shares with a market value of $8.4 million (based on the closing price of the Company's common stock on April 24, 2018).
  • In connection with the transactions, the Company also settled ongoing litigation with the prior holder of the Series B Preferred Stock.
  • "We facilitated a transaction to retire, at a discount in excess of 50%, a nearly $20 million liability, which was growing at 8% per year, in exchange for common stock and pre-funded warrants," said Juergen Stark, CEO, Turtle Beach.
  • The Series B Preferred Stock was previously reported as a long-term liability of the Company and, as of December 31, 2017, represented approximately 41% of the Company's total long-term debt and preferred stock.