Home / Press Releases / PJSC "TMK" received a voluntary offer of the joint-stock company "Volzhsky Pipe Plant"

PJSC "TMK" received a voluntary offer of the joint-stock company "Volzhsky Pipe Plant"

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Public Joint Stock Company Pipe Metallurgical Company (LSE: TMKS; MOEX: TRMK), one of the world's largest producers of pipes for the oil and gas industry ( TMK or Company "), In continuation of messages dated April 8, 2020 and April 23, 2020 informs that today the Company received a voluntary offer of the Volzhsky Pipe Plant Joint Stock Company (" VTZ ") to acquire 358 758 064 ordinary registered uncertified shares of TMK. The number of shares in respect of which a voluntary offer was made was adjusted in accordance with the order of the Bank of Russia dated April 23, 2020

The purchase price of ordinary shares is RUB 61 per ordinary share and must be paid for in cash. The term for accepting a voluntary offer is 70 days from the date of receipt of a voluntary offer by the Company (that is, from May 19, 2020 to July 27, 2020 inclusive).

The full text of the voluntary offer was published by VTZ on the website at: http://www.e-disclosure.ru/portal/files.aspx?id=1252&type=13.

Meeting of the Board of Directors of the Company on the issue of adopting recommendations regarding a voluntary proposal in accordance with the Federal the law "On Joint Stock Companies" appointed for May 19, 2020

Information for shareholders on the procedure for accepting a voluntary offer, the full text of the voluntary offer, as well as recommendations of the Board of Directors regarding the voluntary offer and other necessary information will be published after meetings of the Board of Directors on the Company's website on the Internet at: www.tmk-group.ru, https://www.tmk-group.ru/voluntary_tender_offer.

Contact information:

Office for work with investors:

Irina Yarotskaya

Tel .: +7 (495) 775-7600

IR@tmk-group.com

Press service:

Fedor Klimkin

Tel .: +7 (495) 775-7600

PR@tmk-group.com

Disclaimer regarding forward-looking statements

Certain information contained in this message may contain forward-looking estimates and other forward-looking statements regarding future events and future financial activities of the Company. You can determine if a statement is forward-looking based on terms such as “expect,” “believe,” “appreciate,” “intend,” “will,” “might,” “may,” including the negative forms of these verbs and also based on similar expressions. These statements are forecasts and are based on various assumptions, by definition associated with significant uncertainties and unforeseen events that are difficult or impossible to predict and which are outside the control of the Company. It is possible that these plans and forecasts will not be implemented by the Company. The Company does not intend to obligatorily update these statements in order to reflect the events and circumstances that will occur after the publication of this message, or to reflect the fact of the occurrence of unforeseen events. Many factors may cause the actual results of the Company's operations to differ materially from the anticipated results contained in the projections and forward-looking statements, including, but not limited to, factors such as general conditions of economic activity, competitive environment, risks associated with the implementation of activities in the Russian Federation, rapid technological changes and changes in market conditions in the industries in which the Company operates, the influence of various external market factors, changes in legislative regulation, as well as many other risks associated in particular with the Company and its activities.

Inside Information Warning

This message contains inside information. The content, name of the issuer, persons authorized to give notice and their positions, as well as the date and time of notice are indicated above.

Important information

THIS PRESS RELEASE NOT FOR PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN COUNTRIES WHERE SUCH PUBLICATION OR DISTRIBUTION entail violation of the relevant legislation of the country.

THIS PRESS RELEASE IS DONE FOR INFORMATIONAL PURPOSES ONLY AND DOES NOT CONSTITUTE OR PART IS ANY OFFER OR ADVERTISING, OR AN INVITATION TO SALE OR RELEASE, OR AN INVITATION TO AN OFFER TO PURCHASE OR SUBSCRIBE ANY SHARES OR OTHER SECURITIES OF THE SOCIETY, ANY PART OF IT IS NOT HAPPY - EITHER AGREEMENT OR AN INVESTMENT DECISION ON THIS ISSUE; THIS PRESS RELEASE IS ALSO NOT A RECOMMENDATION FOR SHARES AND OTHER SECURITIES ISSUED IN THE COMPANY. ANY SUCH OFFER OR AN INVITATION TO AN OFFER IS MADE EXCLUSIVELY IN THE FORM OF A VOLUNTARY OFFER RECEIVED BY THE COMPANY.

TERMS AND CONDITIONS WELCOME

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