Exercise of over-allotment options
July 22 2009 - 10:30AM
UK Regulatory
TIDMEVR
RNS Number : 1154W
Evraz Group S.A.
22 July 2009
for immediate release
THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT
FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN
PART IN, INTO OR FROM THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, RUSSIA, SOUTH
AFRICA OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF
THE RELEVANT LAWS OF SUCH JURISDICTION. THIS ANNOUNCEMENT IS NOT AN OFFER OF
SECURITIES FOR SALE NOR A SOLICITATION TO PURCHASE OR SUBSCRIBE FOR SECURITIES,
IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, RUSSIA OR SOUTH AFRICA.
PLEASE SEE THE IMPORTANT NOTICE AT THE END OF THIS ANNOUNCEMENT.
ANNOUNCEMENT OF EXERCISE OF OVER-ALLOTMENT OPTIONS
July 22, 2009 - Evraz Group S.A. (the "Company") (LSE: EVR), in connection with
its offering of 7.25% convertible bonds ("Bonds") due 2014 (the "Bond Offering")
and global depositary receipts ("GDRs") listed on the London Stock Exchange (the
"Equity Offering", and together with the Bond Offering, the "Offerings")
announced previously on July 8, 2009, today announces that the Joint Global
Coordinators have given notice of exercise of the over-allotment options in
respect of an additional US$50 million in principal amount of Bonds and an
additional 909,090 GDRs. The additional Bonds and GDRs are expected to be issued
on or about July 27, 2009.
Including the exercise of the over-allotment option, the total size of the
Equity Offering is
6,363,638 shares, including shares in the form of GDRs,
resulting in gross proceeds of US$315 million, of which Lanebrook and its
affiliate subscribed for US$200 million. Each GDR represents one-third of one
share. Including the exercise of the over-allotment option, the aggregate
principal amount of the Bond Offering is US$650 million, of which Lanebrook and
its affiliate subscribed for US$200 million.
Goldman Sachs International and Morgan Stanley & Co. International plc are
acting as Joint Global Coordinators and, together with Deutsche Bank AG, London
Branch, Joint Bookrunners for the Offerings. CALYON, ING Bank N.V. London
branch, NATIXIS, RBS Hoare Govett Limited and Société Générale Corporate &
Investment Banking are acting as Co-Lead Managers in connection with the
Offerings. Lazard & Co. Limited is acting as Financial Advisor to the Company in
connection with the Offerings.
# # #
For further information:
Evraz Group
Investor Relations
Alexander Boreyko
Tel: +7 495 232 1370
IR@evraz.com
Evraz Group S.A. is a large vertically-integrated steel, mining and vanadium
business with operations in the Russian Federation, Ukraine, Europe, USA, Canada
and South Africa. Evraz produced 17.7 million tonnes of crude steel in 2008,
ranking it the 15th largest steel producer in the world by volume. Its mining
operations fully cover its current internal consumption of iron ore and coking
coal. Evraz's total audited consolidated revenues for the year ended 31 December
2008 were US$20,380 million and consolidated adjusted EBITDA was US$6,323
million.
The securities mentioned herein have not been, and will not be, registered under
the United States Securities Act of 1933 (the "Securities Act") and may not be
offered or sold in the United States unless they are registered under the
Securities Act or pursuant to an exemption from registration. There will be no
public offering of such securities in the United States.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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