United Company RUSAL Plc: Update on the Settlement with Interros in Relation
to Norilsk Nickel
HONG KONG -- April 24, 2013
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.
UNITED COMPANY RUSAL PLC
(Incorporated under the laws of Jersey with limited liability)
(Stock Code: 486)
UPDATE ON THE SETTLEMENT WITH INTERROS
IN RELATION TO NORILSK NICKEL
This announcement is made by the Company pursuant to Rule 13.09 of the Listing
Rules and the Inside Information Provisions under Part XIVA of the Securities
and Futures Ordinance (Chapter 571 of the Laws of Hong Kong).
Reference is made to the announcements of the Company dated 4 December 2012,
11 December 2012, 24 December 2012 and 28 March 2013 (the “Announcements”).
Unless the context requires otherwise, terms defined in the Announcements
shall have the same meaning when used herein.
In December 2012, the Company entered into agreements with Interros, Mr.
Potanin and Millhouse, with Millhouse subsequently substituted by Crispian
Investments Limited (“Crispian”) affiliated with Mr. Abramovich, aimed at
settling various disputes and claims that had arisen between the Company and
Interros in respect of Norilsk Nickel.
Under these agreements, it was contemplated that Crispian would acquire shares
and American depositary receipts of Norilsk Nickel from the Company and
Interros representing in aggregate 5.87% of Norilsk Nickel’s share capital
(excluding treasury shares).
The Company is pleased to announce that, on 24 April 2013, the sale by the
Company (through its subsidiary) and Interros of shares and the American
depositary receipts of Norilsk Nickel to Crispian was completed, with the
Company (through its subsidiary) selling in aggregate 3,873,537 shares in
Norilsk Nickel to Crispian at USD160 per share in cash for the total amount of
The net proceeds received by the Company from the sale will be applied towards
the prepayment of debt owing to Sberbank (in accordance with the mandatory
prepayment provisions which apply in relevant financings into the Company).
Shareholders and potential investors should exercise extreme caution when
dealing in the securities of the Company.
By Order of the Board of Directors of
United Company RUSAL Plc
25 April 2013
As at the date of this announcement, the executive Directors are Mr. Oleg
Deripaska, Ms. Vera Kurochkina, Mr. Maxim Sokov and Mr. Vladislav Soloviev,
the non-executive Directors are Mr. Dmitry Afanasiev, Mr. Len Blavatnik, Mr.
Ivan Glasenberg, Mr. Maksim Goldman, Ms. Gulzhan Moldazhanova, Mr. Christophe
Charlier, Mr. Artem Volynets, Mr. Dmitry Yudin, Mr. Vadim Geraskin, and the
independent non-executive Directors are Mr. Barry Cheung Chun-yuen, Dr. Peter
Nigel Kenny, Mr. Philip Lader, Ms. Elsie Leung Oi-sie and Mr. Matthias Warnig
All announcements and press releases published by the Company are available on
its website under the links http://www.rusal.ru/en/investors/info.aspx and
United Company RUSAL Plc
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