United Company RUSAL Plc: Update on Delisting of Global Depositary Receipts from Euronext Paris

19-Apr-2018 Intellasia | BusinessWire | 9:59 PM Print This Post


United Company RUSAL Plc (Paris:RUSAL) (Paris:RUAL):

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of
Hong Kong Limited take no responsibility for the contents of this
announcement, make no representation as to its accuracy or completeness
and expressly disclaim any liability whatsoever for any loss howsoever
arising from or in reliance upon the whole or any part of the contents
of this announcement.

This announcement is for information purposes only and does not
constitute or form part of any advertisement, offer, solicitation or an
invitation to make offers to acquire, purchase or subscribe for
securities or an invitation to enter into an agreement to do any such
things, nor is it calculated to invite any offer to acquire, purchase or
subscribe for any securities.

This announcement is not an offer for sale of any securities in the
United States of America. Securities may not be offered or sold in the
United States of America absent registration under the U.S. Securities
Act of 1933, as amended (the “Securities Act”), or an exemption from
registration under the Securities Act. Any securities described in this
announcement have not been and will not be registered under the
Securities Act, and there is no intention to conduct a public offering
of any securities in the United States of America.

This announcement is for information purposes only and does not
constitute or form part of any advertisement, offer, solicitation or an
invitation to make offers, sell, exchange or transfer of, or any
solicitation of any offer to subscribe for or purchase, or advertisement
of, any securities in Hong Kong, the United States of America, the
Russian Federation, France or elsewhere, nor shall it (or any part of
it) form the basis of any investment decision, contract or commitment
whatsoever, and is provided for information only. The distribution of
this announcement may be restricted by law in certain jurisdictions, and
persons into whose possession this announcement or other information
referred to herein come should inform themselves about and observe any
such restriction. Any failure to comply with these restrictions may
constitute a violation of the laws of any such jurisdiction.

This announcement contains no information or material which may
result in it being deemed (i) to be a prospectus within the meaning of
section 2(1) of the Companies (Winding up and Miscellaneous Provisions)
Ordinance (Chapter 32 of the Laws of Hong Kong), or an advertisement in
relation to a prospectus or proposed prospectus or extract from or
abridged version of a prospectus within the meaning of section 38B of
that Ordinance or an advertisement, invitation or document containing an
advertisement or invitation to, or directing at, the public falling
within the meaning of section 103 of the Securities and Futures
Ordinance (Chapter 571 of the Laws of Hong Kong) or (ii) in Hong Kong to
have effected an offer to the public without compliance with the laws of
Hong Kong or being able to invoke any exemption available under the laws
of Hong Kong. This announcement does not constitute or form part of and
should not be construed as a prospectus, notice, circular, brochure or
advertisement offering to sell or issue or solicitation or invitation of
offers to acquire, purchase or subscribe for any securities in Hong Kong
or intended to invite such offers or inducing or intended to induce
subscription for or purchase of any securities in Hong Kong nor should
it form the basis of, or be relied on in connection with, any contract
or commitment or investment decision whatsoever.

This announcement is directed only at persons who (i) are outside the
United Kingdom or (ii) have professional experience in matters relating
to investments falling within Article 19(5) of the Financial Services
and Markets Act 2000 (Financial Promotion) Order 2005 (the “Order”) or
(iii) are persons falling within Article 49(2)(a) to (d) (“high net
worth companies, unincorporated associations etc”) of the Order or (iv)
to whom this announcement may otherwise be directed without
contravention of Section 21 of the Financial Services and Markets Act
2000 (all such persons together being referred to as “relevant
persons”). This announcement must not be acted on or relied on by
persons who are not relevant persons. Any investment or investment
activity to which this announcement relates is available only to
relevant persons and will be engaged in only with relevant persons.

In member states of the European Economic Area, this announcement is
directed only at persons who are “qualified investors” within the
meaning of Article 2(1)(e) of Directive 2003/71/EC (the “Prospectus
Directive”) (“Qualified Investors”). This announcement is an
advertisement for the purposes of applicable measures implementing the
Prospectus Directive.

(Incorporated under the laws of
Jersey with limited liability)

(Stock Code: 486)


Reference is made to the announcement of United Company RUSAL Plc (the “Company”)
dated 5 April 2018. Unless otherwise specified, the terms used herein
shall have the same meanings as those defined in the announcement of the
Company dated 5 April 2018.

The Company was informed by CACEIS Corporate Trust that their provision
of services as the centralizing broker for the Orderly Sale Procedure
was terminated. Accordingly, the Orderly Sale Procedure announced by the
Company on 5 April 2018 in connection with the delisting of the GDSs
from Euronext Paris (ISIN codes US9098832093 and US9098831004) is
terminated (the “Termination”). Any tendering of the GDSs in such
sales facility will be unwound.

The Company was informed by Euronext Paris SA that the initial decision
of the board of Euronext Paris SA approving the GDS Delisting is, in the
given circumstances, not valid.

The Company is taking reasonable steps, including having ongoing
discussions with Euronext Paris SA and The Bank of New York Mellon as
the Depositary in order to seek to protect the interests of its
securities holders.The Company remains focused on the pursuance of
delisting of the GDS from Euronext Paris and intends to continue
discussions with Euronext.

Shareholders and investors are advised to exercise caution when
dealing in the securities of the Company. Shareholders and investors are
further advised to consider and rely only on information relating to the
GDS Delisting which is released by the Company from time to time in
accordance with the requirements of applicable laws, regulations and the
Listing Rules.

By Order of the Board of Directors of
United Company RUSAL

Aby Wong Po Ying
Company Secretary

19 April 2018

As at the date of this announcement, the executive Directors are Mr.
Vladislav Soloviev and Mr. Siegfried Wolf, the non-executive Directors
are Mr. Oleg Deripaska, Mr. Maxim Sokov, Mr. Dmitry Afanasiev, Ms.
Gulzhan Moldazhanova, Ms. Olga Mashkovskaya, Ms. Ekaterina Nikitina and
Mr. Marco Musetti, and the independent non-executive Directors are Mr.
Matthias Warnig (Chairman), Dr. Elsie Leung Oi-sie, Mr. Mark Garber, Mr.
Dmitry Vasiliev and Mr. Bernard Zonneveld.

All announcements and press releases published by the Company are
available on its website under the links


United Company RUSAL Plc


Category: BusinessWire, PRAsia

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