PAO Severstal: ANNOUNCEMENT ON DIRECT PAYMENT APPLICATIONS ACCEPTANCE
THIS ANNOUNCEMENT CONTAINS IMPORTANT INFORMATION THAT IS OF INTEREST TO THE REGISTERED AND BENEFICIAL OWNERS OF THE NOTES.
- THIS ANNOUNCEMENT CONTAINS IMPORTANT INFORMATION THAT IS OF INTEREST TO THE REGISTERED AND BENEFICIAL OWNERS OF THE NOTES.
- Terms defined in the Launch Announcement and the Results Announcement shall have the same meaning herein.
- Severstal hereby announces that, to allow the Noteholders holding the Notes as of 27 July 2022 through foreign nominee holders (the "Eligible Noteholders") who have not delivered, by 18 August 2022, to Severstal signed direct payment applications (the "Direct Payment Applications") to receive direct payments from Severstal in Roubles and to ensure that their rights are not prejudiced, Severstal is willing to continue accepting the Direct Payment Applications from the Eligible Noteholders, subject to the conditions specified herein, until 17 November 2022.
- Direct payments will be made to a Noteholder within 7 Russian business days following the date when the relevant Noteholder delivers the Direct Payment Application accompanied by Payment CPs to Severstal.