Ozon Holdings PLC (NASDAQ and MOEX: “OZON”, thereafter referred to as “we”, “us”, “our”, “Ozon” or the “Company”), an operator of the leading Russian e-commerce platform, provides further update in respect of its $750 million 1.875 per cent. senior unsecured convertible bonds due 2026 (“Bonds”) issued by the group’s Cypriot holding company, Ozon Holdings PLC.
As previously disclosed, on June 1, 2022, the Company entered into a standstill agreement to facilitate the restructuring of the Bonds with the ad hoc group of Bondholders (the “Standstill Agreement”) and a substantially similar Russian standstill agreement with certain Russian Bondholders (the “Russian Standstill Agreement” and together with the Standstill Agreement, the “Standstill Agreements”).
The Standstill Agreements came into effect on June 1, 2022, and originally were to terminate on August 30, 2022, subject to an extension option. The parties have now exercised this option and agreed to extend the termination date for the Standstill Agreements to September 13, 2022.
Bondholders interested in receiving more information regarding the Standstill Agreements or in acceding to the Standstill Agreements are directed to follow the link https://ir.ozon.com/restructuring/, or to contact Houlihan Lokey, the financial advisor of the ad hoc group of Bondholders at projectondohl@hl.com or Cleary Gottlieb Steen & Hamilton LLC, the legal advisor of the Company at Team-Olive-CGSHOnly@cgsh.com.
Contacts
Investor Relations
ir@ozon.ru
Press Office
pr@ozon.ru
As previously disclosed, on June 1, 2022, the Company entered into a standstill agreement to facilitate the restructuring of the Bonds with the ad hoc group of Bondholders (the “Standstill Agreement”) and a substantially similar Russian standstill agreement with certain Russian Bondholders (the “Russian Standstill Agreement” and together with the Standstill Agreement, the “Standstill Agreements”).
The Standstill Agreements came into effect on June 1, 2022, and originally were to terminate on August 30, 2022, subject to an extension option. The parties have now exercised this option and agreed to extend the termination date for the Standstill Agreements to September 13, 2022.
Bondholders interested in receiving more information regarding the Standstill Agreements or in acceding to the Standstill Agreements are directed to follow the link https://ir.ozon.com/restructuring/, or to contact Houlihan Lokey, the financial advisor of the ad hoc group of Bondholders at projectondohl@hl.com or Cleary Gottlieb Steen & Hamilton LLC, the legal advisor of the Company at Team-Olive-CGSHOnly@cgsh.com.
Contacts
Investor Relations
ir@ozon.ru
Press Office
pr@ozon.ru