Products from across Schneider Electric’s portfolio are recognized for design-lead innovation, precise and user-focused ergonomics in 2022’s biggest design awards
Schneider Electric receives an impressive seven IF Design Awards
Schneider Electric receives three prestigious Red Dot Awards MMK notifies on initiation of bondholders’ consent solicitation process 06 JUNE 2022 Magnitogorsk, Russia PJSC Magnitogorsk Iron & Steel Works (MOEX: MAGN; LSE: MMK) notifies on initiation of bondholders’ consent solicitation process (“Consent Solicitation”).

PUBLIC JOINT STOCK COMPANY MAGNITOGORSK IRON & STEEL WORKS (the “Guarantor”)

with respect to the U.S.$500,000,000 4.375 per cent. Guaranteed Notes due 2024 issued by MMK INTERNATIONAL CAPITAL DAC (the “Issuer”)

(the “Notes”)

(ISIN: XS1843434959 (Regulation S) / US553142AA88 (Rule 144A); Common Code: 111730628 (Regulation S) / 111730628 (Rule 144A Common code))

issued by the Issuer and unconditionally and irrevocably guaranteed by Public Joint Stock Company Magnitogorsk Iron & Steel Works

Due to blocking restrictions introduced by the EU and UK, breakdown in transaction functionality between the EU and Russian clearing systems and currency controls introduced by the Russian authorities, payments of interest made by the Guarantor for the benefit of the Noteholders may get blocked, frozen or delayed for an uncertain period of time by the clearing systems or other entities processing those payments.

The Guarantor assures that:

a. it has sufficient financial resources and is making every effort to effect payment of interest due to the Noteholders as soon as processing of payments could be assured;
b. for the purposes of receiving the licenses from the relevant US, UK and Irish authorities which are required to ensure the due exercise of rights and obligations in relation to the Notes compliant with all applicable sanctions, it is now preparing documents for filings with the relevant authorities.

Considering the foregoing, the Issuer and the Guarantor are initiating a Consent Solicitation and invite Noteholders to agree to certain amendments and/or waivers to the terms of the Notes for the purposes of ensuring the due and punctual performance in relation to the Notes and in order to protect the rights and interests of the Noteholders.

The Guarantor encourages the Noteholders to liaise with its Investor Relations department and/or Rybalkin, Gortsunyan, Dyakin and Partners Advocates Bureau (“RGD”) directly to obtain a copy of the Consent Solicitation Memorandum and to discuss other related matters.

All documentation relating to the Consent Solicitation, together with any updates, will be available upon request to RGD at MMKconsentsolicitation2022@rgd.legal. In your communique, please also confirm the aggregate notional amount of the Notes that you hold and the location of the depository.

Noteholders may contact RGD via email at MMKconsentsolicitation2022@rgd.legal if they require assistance. Should the Noteholders have any additional questions, please contact with the Guarantor’s Investor Relations department via email at: ir@mmk.ru.

ISIN: US5591892048
Category Code: MSCM
TIDM: MMK
LEI Code: 253400XSJ4C01YMCXG44
Sequence No.: 166355

View source version on businesswire.com: https://www.businesswire.com/news/home/20220606005732/en/

언론연락처: PJSC Magnitogorsk Iron and Steel Works Investor Relations Department Veronika Kryachko +7 (3519) 25-75-01 Communications Department Dmitriy Kuchumov +7 (499) 238-26-13

이 뉴스는 기업·기관·단체가 뉴스와이어를 통해 배포한 보도자료입니다.러시아 철강업체 PJSC 마그니토고르스크 제철소(PJSC Magnitogorsk Iron & Steel Works, 이하 ‘MMK’)(모스크바증권거래소: MAGN; 런던증권거래소: MMK)가 채권 보유자 동의 요청 절차(‘동의 요청’)를 시작한다고 6월 6일 공지했다.

주식회사(PJSC) 마그니토고르스크 제철소(‘보증인’)

MMK 인터내셔널 캐피탈 DAC(MMK International Capital DAC, ‘발행사’)가 발행한 금리 4.375%의 5억달러 규모의 2024년 만기 보증채권

(‘채권’)

ISIN(국제식별번호): XS1843434959(규정 S) / US553142AA88(규정 144A)

공통 코드: 111730628(규정 S) / 111730628(규정 144A 공통 코드)

발행사가 발행하고 마그니토고르스크 제철소가 보증하는 무조건적이고 취소불가한 채권

EU와 영국에서 도입한 차단 제한 규정, EU와 러시아 청산 시스템 간의 거래 불능, 러시아 당국이 도입한 통화 통제로 인해 보증인이 채권 보유자에게 지급한 이자의 결제가 결제 시스템 또는 해당 결제를 처리하는 기타 기관에 의해 불분명한 기간 동안 차단, 동결 또는 지연될 수 있다.

보증인 보장 내용

a. 보증인은 충분한 재정을 확보하고 있으며 결제 처리가 확인되는 대로 채권자에게 이자 지급을 완료하기 위해 최선을 다하고 있다.

b. 미국, 영국 및 아일랜드 관련 당국이 가할 수 있는 모든 제재를 준수한다는 공지에 대한 권리와 의무를 정당하게 행사하기 위해 필요한 허가를 받기 위해 해당 관련 당국에 제출할 문서를 준비하고 있다.

발행사와 보증인은 앞의 진술을 토대로 동의 요청을 시작하며 채권에 대해 적법하고 기한을 준수한 결제를 보장하고 채권 보유자의 권리와 이익을 보호하기 위해 채권 조건에 대한 일정 부분의 수정 및/또는 포기에 대한 동의를 권유한다.

보증인은 채권 보유자가 회사 IR 부서 또는 리발킨 고르춘얀 디아킨 앤 파트너스(Rybalkin, Gortsunyan, Dyakin and Parners) 옹호국(RGD)에 직접 연락해 동의 요청서 사본을 받고 기타 관련 문제를 상의할 것을 권유한다.

RGD에 이메일(MMKconsentsolicitation2022@rgd.legal)로 요청하면 수정 내용과 함께 동의 요청과 관련된 문서 전체를 받을 수 있다. 채권 보유자는 정보 공개 시 보유 중인 채권의 명목 가액과 예치 장소를 확인하기 바란다.

채권 보유자는 도움이 필요한 경우 이메일(MMKconsentsolicitation2022@rgd.legal)을 통해 RGD에 연락할 수 있다. 추가 질문이 있는 경우 보증인의 IR 부서에 이메일(ir@mmk.ru)로 문의하면 된다.

국제식별번호: US5591892048
카테고리 코드: MSCM
TIDM: MMK
LEI 코드: 253400XSJ4C01YMCXG44
일련번호: 166355

비즈니스와이어(businesswire.com) 원문 보기: https://www.businesswire.com/news/home/20220606005732/en/

[이 보도자료는 해당 기업에서 원하는 언어로 작성한 원문을 한국어로 번역한 것이다. 그러므로 번역문의 정확한 사실 확인을 위해서는 원문 대조 절차를 거쳐야 한다. 처음 작성된 원문만이 공식적인 효력을 갖는 발표로 인정되며 모든 법적 책임은 원문에 한해 유효하다.]

언론연락처: PJSC 마그니토고르스크 제철소(PJSC Magnitogorsk Iron and Steel Works) 베로니카 크리아치코(Veronika Kryachko) IR부 +7 (3519) 25-75-01 드미트리 쿠츠모프(Dmitriy Kuchumov) 홍보부 +7 (499) 238-26-13

이 뉴스는 기업·기관·단체가 뉴스와이어를 통해 배포한 보도자료입니다.Schneider Electric, the leader in the digital transformation of energy management and automation is celebrating success and recognition at the world’s most celebrated design awards this year.

The company’s product design and engineering teams continue to apply decades of experience in making homes and buildings safe, sustainable, efficient, and sophisticated - by providing the smart, connected, and intuitive design solutions that are continuing to attract the attention of some of the world’s top awards juries.

These esteemed design awards acknowledge and reward the exceptional, innovative design concept and functionality of Schneider Electric products and their role in empowering our society to make the most of our energy and resources for a climate-positive world.

IF Design Award-winning products that can produce and manage energy, adapt it to your lifestyle, keep you feeling safe, and give you an opportunity to contribute to sustainable living

Recognized by 132 high-profile design experts from over 20 countries for designing products that have the greatest innovative power, Schneider Electric received seven prestigious IF Design Awards across several categories, including Hardware and Building, Industry/Tools and Interface for Digital Media.

The winning products of 2022 IF design award are the Wiser DC Smoke alarm, The SpaceLogic Controller Series, New Ovalis wiring device, The EvoPact medium voltage circuit breaker, The Facility Expert for Small Business Advisor, The Jueshi surge Protective Device, and Clipsal Max9 circuit protection.

·The Wiser Smoke Alarm is designed to safeguard human lives from the potential risk of household fires. It can be easily integrated and wirelessly connected with Wiser smart home system. Clever design features such as the hidden LED lighting and the oversized button contribute to a minimalist look and an easy-to-use product.
·The SpaceLogic Controller Series an important part of the EcoStruxure Building Operation, which offers customers the opportunity to perform better energy management and analysis and whose compact design and function integration reduces installation volume and cost.
·The New Ovalis range of affordable wiring devices, designed to bring aesthetic appeal, connectivity and ergonomics to customers as well as easy installation for electricians.

Frederic Beuvry, SVP of Industrial Design and Ergonomics at Schneider Electric said: “While quality and reliability are trademarks of Schneider Electric’s products and solutions, design is the unique element that enhances our customer’s experience. Our intuitive design creates an environment that builds a connection with our products and solutions and enables them to achieve their maximum potential.

Through our unique design process, we build end-to-end experiences that are truly valuable to our customers and inspire them to contribute to sustainable living and reshape their business with our innovative and efficient solutions.”

Three Red Dot design awards from product to design, including Smart Home devices and home energy products

With the design of its products being recognized as sophisticated, ergonomic, and user-friendly, the company has also received three notable accolades at the Red Dot Awards 2022.

The winning products include, once again, Wiser Smoke Alarm and SEMC-I Surge Protection Device and Putuo MT - Motor Mechanism - an electric motor that can remotely or manually operate molded case circuit breakers. Its new large slide design impresses with its user-friendliness and efficiency and allows users to easily switch between automatic and manual modes.

Professor Dr. Peter Zec, founder and CEO of Red Dot said: “In this year of the competition, I have been particularly struck by the exceptional creativity shown by the award-winning products, including a range of solutions from Schneider Electric. It is really impressive and praiseworthy that there are still designs out there that can surprise us with their form and functionality. This makes it clear that design cannot be restricted or brought to a standstill by unfavorable circumstances. On the contrary, more and more new ideas and creations emerge, and futuristic techniques are developed. The fact that the quality of these products equals their level of innovation makes them well-deserved winners in the Red Dot Award: Product Design 2022.”

About Schneider Electric

Schneider’s purpose is to empower all to make the most of our energy and resources, bridging progress and sustainability for all. We call this Life Is On.

Our mission is to be your digital partner for Sustainability and Efficiency.

We drive digital transformation by integrating world-leading process and energy technologies, end-point to cloud connecting products, controls, software, and services, across the entire lifecycle, enabling integrated company management, for homes, buildings, data centers, infrastructure, and industries.

We are the most local of global companies. We are advocates of open standards and partnership ecosystems that are passionate about our shared Meaningful Purpose, Inclusive, and Empowered values.

About the Red Dot Design Award

The Red Dot Design Award is one of the biggest design competitions in the world. In three disciplines, participants submit products, communication projects, and brands as well as prototypes and concepts. The distinction “Red Dot” is an internationally recognized seal of excellent design.

About the iF Design award

Since 1954, the iF DESIGN AWARD has been recognized as an arbiter of quality for excellent design. The iF Design brand is renowned worldwide for outstanding design services, and the iF DESIGN AWARD is one of the most important design prizes in the world. It honors design achievements in all disciplines: product, packaging, communication and service design, architecture and interior architecture as well as professional concept, user experience (UX), and user interface (UI). All award-winning entries are featured on www.ifdesign.com.

언론연락처: For Schneider Electric Energy & Sustainability Services THE SPRING COMPANY Kwon Jihye +82-2-796-1092

이 뉴스는 기업·기관·단체가 뉴스와이어를 통해 배포한 보도자료입니다.