EQS-Ad-hoc: PPC Zeus Designated Activity Company / Key word(s): Bond
PPC Zeus Designated Activity Company: NOTICE OF POTENTIAL AMENDMENT,
REFINANCING OR RESTRUCTURING to the holders of €325,020,000 Fixed Rate
Asset Backed Notes due 2028 (ISIN: XS2269203316)
28-March-2025 / 11:00 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the
Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS
Group.
The issuer is solely responsible for the content of this announcement.
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28 March 2025
THIS NOTICE IS IMPORTANT AND REQUIRES THE IMMEDIATE ATTENTION OF SENIOR
NOTEHOLDERS. IF SENIOR NOTEHOLDERS ARE IN ANY DOUBT AS TO THE ACTION THEY
SHOULD TAKE, THEY SHOULD IMMEDIATELY CONSULT THEIR OWN INDEPENDENT
PROFESSIONAL ADVISERS AUTHORISED UNDER THE FINANCIAL SERVICES AND MARKETS
ACT 2000, AS AMENDED (IF THEY ARE LOCATED IN THE UNITED KINGDOM), OR FROM
OTHER APPROPRIATELY AUTHORISED INDEPENDENT PROFESSIONAL ADVISERS (IF THEY
ARE LOCATED OUTSIDE OF THE UNITED KINGDOM).
THIS NOTICE CONTAINS IMPORTANT INFORMATION THAT IS OF INTEREST TO THE
REGISTERED AND BENEFICIAL OWNERS OF THE SENIOR NOTES. IF APPLICABLE, ALL
DEPOSITORIES, CUSTODIANS AND OTHER INTERMEDIARIES RECEIVING THIS NOTICE
ARE REQUIRED TO EXPEDITE TRANSMISSION HEREOF TO BENEFICIAL OWNERS OF THE
SENIOR NOTES IN A TIMELY MANNER. IF BENEFICIAL OWNERS OF THE SENIOR NOTES
ARE IN ANY DOUBT AS TO THE MATTERS REFERRED TO IN THIS NOTICE, THEY SHOULD
CONSULT THEIR STOCKBROKER, LAWYER, ACCOUNTANT OR OTHER PROFESSIONAL
ADVISER WITHOUT DELAY.
If you have recently sold or otherwise transferred your entire holding(s)
of Senior Notes referred to below, you should immediately forward this
notice to the purchaser or transferee or to the stockbroker, bank or other
agent through whom the sale or transfer was effected for transmission to
the purchaser or transferee.
THIS ANNOUNCEMENT MAY CONTAIN INSIDE INFORMATION FOR THE PURPOSES OF
ARTICLE 7 OF REGULATION (EU) 596/2014 OF THE EUROPEAN PARLIAMENT AND OF
THE COUNCIL OF 16 APRIL 2014 ON MARKET ABUSE (AS AMENDED) (“EU MAR”) AND
REGULATION (EU) 596/2014 AS IT FORMS PART OF DOMESTIC LAW IN THE UNITED
KINGDOM BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018, AS AMENDED
(“EUWA”) (“UK MAR” AND, TOGETHER WITH EU MAR, “EU/UK MAR”).
PPC ZEUS DESIGNATED ACTIVITY COMPANY
(a designated activity company incorporated with limited liability in
Ireland under registered number 671216)
(the “Issuer”)
NOTICE OF POTENTIAL AMENDMENT, REFINANCING OR RESTRUCTURING
to the holders of
€325,020,000 Fixed Rate Asset Backed Notes due 2028 (ISIN: XS2269203316)
(the “Senior Notes”)
This announcement is released by the Issuer and may contain inside
information for the purposes of Article 7 of EU/UK MAR, encompassing
information relating to the Senior Notes described above. For the purposes
of EU/UK MAR and Article 2 of Commission Implementing Regulation (EU)
2016/1055, including as it forms part of assimilated law in the UK by
virtue of the EUWA, this announcement is made by the Directors of the
Issuer.
We refer to: (i) the note trust deed originally dated 9 April 2021,
constituting the Senior Notes and made between the Issuer and Citibank
N.A., London Branch (as “Note Trustee”) (including the terms and
conditions of the Senior Notes set out in Schedule 3 (Terms and Conditions
of the Senior Notes) thereto (the “Conditions”)), as amended and/or
restated from time to time and as most recently amended pursuant to a deed
of amendment dated 16 July 2024 and made between, among others, the
Issuer, Public Power Corporation S.A. (as “Seller”) and Citibank N.A.,
London Branch (as “Security Trustee”) (the “July 2024 Amendment Deed”),
and as may be further amended, restated and/or supplemented from time to
time (the “Note Trust Deed”) and (ii) the master definitions and framework
deed originally dated 9 April 2021, and made between, among others, the
Issuer, the Seller and the Security Trustee, as amended and/or restated
from time to time and as amended most recently pursuant to the July 2024
Amendment Deed and as may be further amended, restated and/or supplemented
from time to time (the “Master Definitions and Framework Deed”).
Capitalised terms used but not otherwise defined in this notice shall have
the meanings ascribed to them in the Note Trust Deed and/or Master
Definitions and Framework Deed.
The Issuer hereby announces that it has been made aware of discussions
involving the Seller and the holders of the Senior Notes and the Junior
Notes in respect of a potential amendment, restructuring and/or
refinancing of the Transaction.
To the extent that an amendment, restructuring and/or refinancing of the
Transaction is to be effected, additional notices and documentation will
be provided (as required by the Transaction Documents) and the Transaction
Documents may be subject to repayment, cancellation and/or amendment
depending on the course of action agreed.
This notice does not constitute an offer to sell or the solicitation of an
offer to subscribe for or otherwise acquire any securities in any
jurisdiction.
This notice and any non-contractual obligations arising out of or in
connection with this notice will be governed by and construed in
accordance with English law.
No person has been authorised to give information, or to make any
representation in connection therewith, other than as contained herein.
The delivery of this notice at any time does not imply that the
information in it is correct as at any time subsequent to its date.
For further information, please contact the Issuer at the address below.
PPC Zeus Designated Activity Company
Fourth Floor
3 George’s Dock
IFSC
Dublin 1
Ireland
Attention: The Directors
Email: Ireland@wilmingtontrust.com
Tel: +353 1 6125550
PPC ZEUS DESIGNATED ACTIVITY COMPANY
End of Inside Information
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28-March-2025 CET/CEST News transmitted by EQS Group. www.eqs.com
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Language: English
Company: PPC Zeus Designated Activity Company
Fourth Floor, 3 George's Dock, IFSC, Dublin 1
D01 X5X0 Dublin
Ireland
Phone: +353 1 6125550
E-mail: Ireland@Wilmingtontrust.com
ISIN: XS2269203316
WKN: 920331
Listed: Vienna Stock Exchange (Vienna MTF)
EQS News ID: 2107900
End of Announcement EQS News Service
2107900 28-March-2025 CET/CEST
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