In accordance with the Ljubljana Stock Exchange Rules, the provisions of the Financial Instruments Market Act (Zakon o trgu finančnih instrumentov, Ur. l. RS, No. 67/2007, as amended, hereinafter: "ZTFI") the company SIJ – Slovenska industrija jekla, d.d., Gerbičeva ulica 98, Ljubljana (hereinafter: "SIJ d.d." or the "Company" or the "Issuer"), hereby publicly announces that by 24 November 2015, the Issuer had received original and signed Written Resolutions from the Holders of SIJ2 and SIJ3 Notes, in which the Holders of these Notes irrevocably and without further conditions confirm the amendment of the Terms and Conditions of SIJ2 Notes and the amendment of the Terms and Conditions of SIJ3 Notes by over 66.67% (or 2/3) of the total nominal amount of the issued Notes in circulation. On the official amendment of the Terms and Conditions of the Notes, the Terms and Conditions will apply to every SIJ2 and SIJ3 Note Holder. The content of the agreed resolutions for the amendment of the Terms and Conditions of SIJ3 and SIJ2 Notes can be found in the attached documents. The Issuer will publish the complete consolidated version of the amended Terms and Conditions of the both series of Notes no later than on their listing (re-listing) on the regulated market. By fulfilling one of the prerequisites, the Management Board of SIJ d.d. will continue with the procedures for a spin-off of the investment in Perutnina Ptuj d.d.
On 23 December 2015, in accordance with the announcement, the Issuer will pay out a one-off Consent Fee to every SIJ2 and SIJ3 Note Holder for the modification of the Terms and Conditions of the Notes, in the amount of 0.15% of the nominal value of SIJ2 and/or SIJ3 Notes owned by individual Holder (as per 24 November 2015). The Issuer appeals to all SIJ2 and SIJ3 Note holders to send their euro account number on time.
The Company also announces that, on 24 November 2015, annual coupon interests were paid out to every SIJ2 Note Holder in compliance with the Terms and Conditions of the issued SIJ2 Notes. The SIJ Group will continue to follow its planned strategy of dispersing financing resources for the steel business and presence on the capital market. In the following days the preliminary procedures will begin for re-financing this year's issue of nine-month commercial papers, which were paid in March 2015 at the 2.20% annual interest rate. These current assets are intended to balance seasonal movements of working capital, predominately in two steel companies of the Group, Acroni and Metal Ravne.
Information in this announcement is also available on the official website of SIJ d.d. at http://www.sij.si/ and will be available for at least five years from the announcement date.