29 October 2018 - Avangardco Investments Public Limited ("AVG") and UkrLandFarming PLC ("ULF"), continue to be engaged in discussions with various creditor groups to agree the terms of a holistic restructuring of their indebtedness (the "Debt Restructuring"). As part of these discussions, they are working with an ad hoc committee of bondholders (the "Committee" regarding the treatment of AVG's U.S.$200,000,000 10.0 per cent. Notes due 2018 (ISIN: XS0553088708) (the "AVG Notes". AVG expects that any Debt Restructuring proposal that may be presented to its creditors (the "Proposal") will include a request to restructure all amounts of principal and interest due and payable under the AVG Notes on 29 October 2018 (the "Redemption Date"), in addition to the interest payments that were due under the AVG Notes on 02 May 2018, 30 October 2017 and on 2 May 2017.Consequently, the AVG Notes will not be redeemed on, and the relevant interest payment will not be paid on, the Redemption Date.
For any enquiries, please contact:
Avangardco Investments Public Limited: Valeriya Nikitina, IR department, Tel: +38 044 393 4050, Email: v.nikitina@avangardco.ua