MTS announces Consent Solicitation in respect of its outstanding U.S.$500,000,000 5 per cent. notes due 2023
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MOSCOW, Russia – Mobile TeleSystems Public Joint Stock Company (“MTS” or “the Company”) (MOEX: MTSS), a leading provider of digital and media services and Russia’s largest mobile operator, announces a consent solicitation for holders (the “Noteholders”) of its outstanding U.S.$500,000,000 5 per cent. notes due 2023 (the “Notes”) to consider and, if thought fit, pass extraordinary resolutions in order to approve, amongst other things (i) the amended payment mechanics to allow for direct payment option in Rubles, and (ii) proposed amendments to the Trust Deed and the terms and conditions governing the Notes, as more particularly described in the consent solicitation memorandum.
To validly participate in the Consent Solicitation and consent to the Proposals, a Noteholder should deliver, or arrange to have delivered on its behalf, a valid Voting Instruction voting in favour of, or against, the Proposals to Limited liability company "Legal Capital Investor Services" acting as Information and Tabulation Agent, by no later than 9 December 2022 (1.00 p.m. (London time)) (the "Voting Deadline"). Only Noteholders who hold the Notes as of the Record Date may submit a Voting Instruction.
The Meeting will be held via video conference (with dial-in details to be provided by or on behalf of Limited liability company "Legal Capital Investor Services" following its satisfaction of the identity of the Holders as to their status as Holders) on 13 December 2022.