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MHP SA (MHPCq.L)

MHPCq.L on London Stock Exchange

10.30USD
28 Apr 2017
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Latest Key Developments (Source: Significant Developments)

MHP prices $500 mln 7.75% notes due 2024
Friday, 28 Apr 2017 04:41am EDT 

April 28 (Reuters) - MHP SA ::Has priced its USD 500 million aggregate principal amount of 7.75 percent notes due May 10, 2024.The proceeds to be used to finance its tender for up to $350 mln notes due 2020 and for short-term debt refinancing, general corporate purposes and to finance the expansion and diversification of its poultry and grain businesses.  Full Article

MHP plans new Eurobond transaction
Tuesday, 18 Apr 2017 09:20am EDT 

April 18 (Reuters) - MHP SA ::Is arranging meetings with fixed income investors in connection with its planned new Eurobond transaction and tender offer for up to USD 350 million notes due 2020.  Full Article

MHP launches tender offer for up to $350 mln notes due 2020
Tuesday, 18 Apr 2017 08:58am EDT 

April 18 (Reuters) - MHP SA :Launched invitation to holders of its $750,000,000 8.25 pct notes due April 2, 2020 to tender for purchase for cash up to $350,000,000 outstanding notes.Purpose of tender offer is to manage and lengthen debt maturity profile by refinancing portion of notes with notes to be issued by company (new notes).Early tender deadline is April 27, tender offer will finally expire on May 15.Early tender offer consideration is $1,027.50 per $1,000 note and tender offer consideration is $997.50 per $1,000 note.  Full Article

MHP opens processing facility in Slovakia
Thursday, 30 Mar 2017 03:29am EDT 

MHP SA : Says has invested into and opened processing facility in Slovakia .When complete, total capital expenditures for the processing services of chicken products in Slovakia are expected to reach around $3 million.  Full Article

MHP Q4 net loss narrows to $28 million
Wednesday, 15 Mar 2017 03:00am EDT 

MHP SA : Q4 revenue of US$ 313 million, increased by 24 percent year-on-year . Q4 net loss for period is US$ 28 million, compared to loss of US$ 83 million for Q4 2015 . Q4 EBITDA $72 million versus $68 million year ago . Q4 foreign exchange loss $55 million versus loss of $122 million year ago .In 2017 plans to start construction of phase 2 (line1) of Vinnytsia project with ultimate aim of elevating production to around 730,000 tonnes per year by 2020.  Full Article

MHP approves interim dividend of $0.7492/shr
Wednesday, 15 Mar 2017 03:00am EDT 

MHP SA : Says board approved payment of interim dividend of US$0.7492 per share for 2016, equivalent to approximately US$80 million .The dividend record date is March 24, 2016.  Full Article

MHP unit Raftan Holding Limited disposes shareholding in Crimean subsidiaries
Tuesday, 21 Feb 2017 02:05am EST 

MHP SA :Says its unit Raftan Holding Limited has disposed its entire shareholding in all its Crimean subsidiaries: DRUZHBA NARODOV NOVA, Crimea Fruit Company and Druzhba Narodov.  Full Article

MHP Q4 poultry production volumes up 8% to 158,240 tonnes
Thursday, 26 Jan 2017 02:44am EST 

MHP SA : Says poultry production volumes in Q4 2016 increased by 8 percent to 158,240 tonnes . Says MHP's sales to third parties in Q4 2016 increased by 10% to 142,580 tonnes .Says in Q4 2016 volume of chicken meat export was 54 percent higher than in Q4 2015 constituting 48,390 tonnes.  Full Article

MHP Q2 net profit for period down at $165 million
Wednesday, 17 Aug 2016 02:00am EDT 

MHP SA : Says Q2 revenue of $286 million, a 7 pct decrease year-on-year as a result of low sales of grains compared to the same period last year . Q2 net profit for period is $165 million, compared to $231 million for Q2 2015 . Q2 EBITDA slightly decreased to $146 million from $147 million year ago .Q2 foreign exchange gain $70 million versus $140 million year ago.  Full Article

MHP Q2 poultry production volumes 149,935 tonnes, up 9 pct YoY
Tuesday, 19 Jul 2016 02:00am EDT 

MHP SA : Poultry production volumes in Q2 2016 increased by 9 pct to 149,935 tonnes . As a result of an overall increase in poultry production volumes during Q2 of 2016 sales volume of chicken meat to external consumers increased to 148,870 tonnes, which is 4 pct higher than in Q2 2015 . Says in Q2 sales of sunflower oil increased by 3 pct to 81,690 tonnes compared to 79,030 tonnes in Q2 2015 . Says in Q2 sales volume of chicken meat to external consumers increased to 148,870 tonnes, which is 4 pct higher than in Q2 2015 . Through Q2 of 2016 average chicken meat price (both domestic and export) constituted 29.20 Ukrainian hryvnias per 1 kg of adjusted weight (excluding VAT), relatively stable compared to Q1 2016 and an increase of 5 pct year-on-year . Says Charles Adriaenssen has resigned as chairman of board of directors for family reasons . Says effective immediately John Rich has been named interim chairman of board of directors .Says the board has begun a search for a permanent successor to Charles Adriaenssen and will consider both internal and external candidates.  Full Article

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BRIEF-MHP prices $500 mln 7.75% notes due 2024

* Has priced its USD 500 million aggregate principal amount of 7.75 percent notes due May 10, 2024