EN+ GROUP ANNOUNCES GLENCORE SWAP FINAL COMPLETION
Source: RNSEN+ GROUP ANNOUNCES GLENCORE SWAP FINAL COMPLETION
3 February 2020 - EN+ GROUP IPJSC (the "Company" and, together with its consolidated subsidiaries, the "En+ Group" or the "Group") announces the following.
Further to the announcements issued by the Company on 28 January 2019 and 1 February 2019, the Company announces completion of the second stage of the securities exchange agreement with certain subsidiaries of Glencore plc. As a result, the Company's shareholding in United Company RUSAL Plc has increased to c. 56.88%.
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For further information, please contact:
For media:
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For investors: |
Tel: +7 495 642 79 37 Email: press-center@enplus.ru |
Tel: +7 (495) 642 7937 Email: ir@enplus.ru
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Andrew Leach Tel: +44 (0) 20 7796 4133 Email: ENplus@hudsonsandler.com Hudson Sandler LLP |
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About EN+ GROUP IPJSC
En+ Group is a leading international vertically integrated aluminium and hydropower producer. The Company combines power plants with a total installed capacity of 19.5 GW (including 15.1 GW of hydro power assets), and 3.9 Mt of annual aluminium production capacity (through a controlling stake in UC RUSAL plc, the world's largest aluminium producer outside of China in 2018) which is the major consumer of En+ Group's hydroelectricity.
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This announcement may include statements that are, or may be deemed to be, "forward-looking statements". These forward-looking statements may be identified by the use of forward-looking terminology, including the terms "believes", "estimates", "plans", "projects", "anticipates", "expects", "intends", "may", "will" or "should" or, in each case, their negative or other variations or comparable terminology, or by discussions of strategy, plans, objectives, goals, future events or intentions. Forward-looking statements may and often do differ materially from actual results. Any forward-looking statements reflect the Company's current view with respect to future events and are subject to risks relating to future events and other risks, uncertainties and assumptions relating to the Group's business, results of operations, financial position, liquidity, prospects, growth or strategies. Forward-looking statements speak only as of the date they are made.
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