LECAP will advise the company on legal aspects of public debt management during the reorganization.
On June 2, 2025, PJSC TMK (MOEX: TRMK) announced its consideration of transitioning to a single share class through the merger of eight key subsidiaries into the parent company. The Board of Directors will review the proposed procedure on June 16, 2025, and if approved, it will be presented to the General Meeting of Shareholders.
TMK has engaged LECAP as special counsel for specific aspects of the single share transition. As part of the process, the company also plans to convene a meeting of holders of its uncertificated interest-bearing non-convertible bonds, Series BO-2027 (ISIN RU000A107JN3). The agenda includes waiving the right to demand early bond redemption in connection with the share unification, as well as approving corresponding amendments to the bond issuance terms.
For bondholder communications, TMK has appointed GPB Bank (JSC) and Sinara Bank (JSC) as its agents. Inquiries regarding the procedure may be directed to syndicate@gazprombank.ru and TMKbonds2027@sinara-finance.ru.
On June 2, 2025, PJSC TMK (MOEX: TRMK) announced its consideration of transitioning to a single share class through the merger of eight key subsidiaries into the parent company. The Board of Directors will review the proposed procedure on June 16, 2025, and if approved, it will be presented to the General Meeting of Shareholders.
TMK has engaged LECAP as special counsel for specific aspects of the single share transition. As part of the process, the company also plans to convene a meeting of holders of its uncertificated interest-bearing non-convertible bonds, Series BO-2027 (ISIN RU000A107JN3). The agenda includes waiving the right to demand early bond redemption in connection with the share unification, as well as approving corresponding amendments to the bond issuance terms.
For bondholder communications, TMK has appointed GPB Bank (JSC) and Sinara Bank (JSC) as its agents. Inquiries regarding the procedure may be directed to syndicate@gazprombank.ru and TMKbonds2027@sinara-finance.ru.