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DGAP-News News vom 14.10.2014

Mriya Agro Holding: Notices on acceleration of bonds and loans

Mriya Agro Holding / Key word(s): Liquidity Problem
14.10.2014 10:00

Dissemination of a Corporate News, transmitted by EquityStory.RS, LLC - a company of EQS Group AG.
The issuer / publisher is solely responsible for the content of this announcement.


THIS NOTICE CONTAINS IMPORTANT INFORMATION THAT IS OF INTEREST TO THE REGISTERED AND BENEFICIAL OWNERS OF THE SECURITIES. ALL DEPOSITORIES, CUSTODIANS AND OTHER INTERMEDIARIES RECEIVING THIS NOTICE ARE REQUESTED TO EXPEDITE THE RE-TRANSMITTAL TO BENEFICIAL OWNERS OF THE SECURITIES IN A TIMELY MANNER. IF NOTEHOLDERS ARE IN ANY DOUBT AS TO THE ACTION THEY SHOULD TAKE, IF ANY, THEY SHOULD CONSULT THEIR OWN INDEPENDENT PROFESSIONAL ADVISERS AUTHORISED UNDER THE FINANCIAL SERVICES AND MARKETS ACT 2000 (IF THEY ARE IN THE UNITED KINGDOM) OR ANOTHER APPROPRIATELY AUTHORISED INDEPENDENT FINANCIAL ADVISER AND TAKE SUCH OTHER ADVICE FROM THEIR OWN PROFESSIONAL, TAX AND LEGAL ADVISERS AS THEY DEEM NECESSARY IMMEDIATELY.
NOTICE TO NOTEHOLDERS

MRIYA AGRO HOLDING PUBLIC LIMITED

U.S.$400,000,000 9.45 PER CENT. NOTES DUE 2018 (the "9.45% Notes 2018")
ISINs: XS0916902256 / US62476KAB61

U.S.$250,000,000 10.95 PER CENT. NOTES DUE 2016

ISINs: XS0559140875 / US62476KAA88

14 OCTOBER 2014

Reference is made to the trust deed dated 19 April 2013 made between, inter alia, BNY Mellon Corporate Trustee Services Limited as note trustee (the "Trustee") and Mriya Agro Holding Public Limited (the "Issuer" or "Mriya") pursuant to which the Issuer issued the 9.45% Notes 2018.
The 9.45% Notes 2018 are admitted to the official list of the Irish Stock Exchange and to trading on its regulated market.

Capitalised terms used and not defined in this notice shall have the meanings set out in the Prospectus dated 17 April 2013.
Reference is also made to the notices to Noteholders dated 1 and 13 August 2014 and 12, 19 and 23 September 2014 (the "Previous Notices") in which the Issuer provided to Noteholders certain information concerning the financial condition of the Issuer and its subsidiaries.

Notice of acceleration of the 9.45% Notes 2018

The Issuer has received from the Trustee notice of acceleration of the 9.45% Notes 2018, the purported effect of which is to make the 9.45% Notes 2018 immediately due and repayable at their principal amount together with accrued interest. The Trustee states in its notice that Events of Default have occurred and are continuing by virtue of the failure of the Issuer to repay debt owing by it as further detailed in the Previous Notices and that in giving the notice the Trustee is acting at the direction of holders of more than one-fifth in principal amount of the outstanding 9.45% Notes 2018. The Issuer is considering the effect of the Trustee's notice with the Issuer's advisers.

Notice of acceleration by certain international lending banks
Certain international lending banks have given notices of acceleration of loan facilities made available by them some of which are guaranteed by Mriya. The purported effect of such notices is to cancel those facilities and to make all amounts outstanding under those facilities immediately due and payable. The relevant lenders state in their notices that events of default under those facilities have occurred including non-payment of sums due to those lenders. The aggregate amount of principal and interest currently outstanding under those facilities including accrued interest is approximately EUR 49,000,000. We are considering the effect of these notices with our advisers.

Queries may be addressed to: ir@mriya.ua

This notice is given by MRIYA AGRO HOLDING PUBLIC LIMITED, as Issuer

14.10.2014 The EquityStory.RS, LLC Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de

 
Language:     English
Company:      Mriya Agro Holding
19/21a Bogdana Khmelnytskogo St., 15th floor               01030 Kyiv
              Ukraine
Phone:        +38 044 393-47-93
Fax:          +38 044 393-47-93
E-mail:       info@mriya.ua
Internet:     www.mriya.ua
ISIN:         US62476F2002
Listed: Frankfurt in Open Market (Entry Standard) ; London  
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