EQS-Adhoc: PPC Zeus Designated Activity Company: NOTICE FROM THE ISSUER OF OPTIONAL REDEMPTION
EQS-Adhoc: PPC Zeus Designated Activity Company: NOTICE FROM THE ISSUER OF OPTIONAL REDEMPTION
EQS-Ad-hoc: PPC Zeus Designated Activity Company / Key word(s): Bond
PPC Zeus Designated Activity Company: NOTICE FROM THE ISSUER OF OPTIONAL
REDEMPTION
16-Apr-2026 / 16:30 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the
Regulation (EU) No 596/2014, transmitted by [1]EQS News – a service of
[2]EQS Group.
The issuer is solely responsible for the content of this announcement.
══════════════════════════════════════════════════════════════════════════
16 April 2026
THIS NOTICE IS IMPORTANT AND REQUIRES THE IMMEDIATE ATTENTION OF SENIOR
NOTEHOLDERS. IF SENIOR NOTEHOLDERS ARE IN ANY DOUBT AS TO THE ACTION THEY
SHOULD TAKE, THEY SHOULD IMMEDIATELY CONSULT THEIR OWN INDEPENDENT
PROFESSIONAL ADVISERS AUTHORISED UNDER THE FINANCIAL SERVICES AND MARKETS
ACT 2000, AS AMENDED (IF THEY ARE LOCATED IN THE UNITED KINGDOM), OR FROM
OTHER APPROPRIATELY AUTHORISED INDEPENDENT PROFESSIONAL ADVISERS (IF THEY
ARE LOCATED OUTSIDE OF THE UNITED KINGDOM).
THIS NOTICE CONTAINS IMPORTANT INFORMATION THAT IS OF INTEREST TO THE
REGISTERED AND BENEFICIAL OWNERS OF THE SENIOR NOTES. IF APPLICABLE, ALL
DEPOSITORIES, CUSTODIANS AND OTHER INTERMEDIARIES RECEIVING THIS NOTICE
ARE REQUIRED TO EXPEDITE TRANSMISSION HEREOF TO BENEFICIAL OWNERS OF THE
SENIOR NOTES IN A TIMELY MANNER. IF BENEFICIAL OWNERS OF THE
SENIOR NOTES ARE IN ANY DOUBT AS TO THE MATTERS REFERRED TO IN THIS
NOTICE, THEY SHOULD CONSULT THEIR STOCKBROKER, LAWYER, ACCOUNTANT OR OTHER
PROFESSIONAL ADVISER WITHOUT DELAY.
If you have recently sold or otherwise transferred your entire holding(s)
of Senior Notes referred to below, you should immediately forward this
notice to the purchaser or transferee or to the stockbroker, bank or other
agent through whom the sale or transfer was effected for transmission to
the purchaser or transferee.
THIS ANNOUNCEMENT MAY CONTAIN INSIDE INFORMATION FOR THE PURPOSES OF
ARTICLE 7 OF REGULATION (EU) 596/2014 OF THE EUROPEAN PARLIAMENT AND OF
THE COUNCIL OF 16 APRIL 2014 ON MARKET ABUSE (AS AMENDED) (“EU MAR”) AND
REGULATION (EU) 596/2014 AS IT FORMS PART OF DOMESTIC LAW IN THE UNITED
KINGDOM BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018, AS AMENDED
(“EUWA”) AND AS FURTHER AMENDED BY THE MARKET ABUSE (AMENDMENT) (EU EXIT)
REGULATIONS 2019 (“UK MAR” AND, TOGETHER WITH EU MAR, “EU/UK MAR”).
NOTICE FROM THE ISSUER OF OPTIONAL REDEMPTION
PPC ZEUS DESIGNATED ACTIVITY COMPANY, a designated activity company
incorporated with limited liability in Ireland under registered number
671216 and having its registered office at Fourth Floor, 3 George’s Dock,
IFSC, Dublin 1, Ireland (the “Issuer”)
EUR 325,020,000 Fixed Rate Asset Backed Notes due 2029
(the “Senior Notes”)
EUR 145,421,781.97 Fixed Rate Notes due 2029
(the “Junior Notes” and, together with the Senior Notes, the “Notes”)
To: The Senior Noteholders
Citibank N.A, London Branch (the “Note Trustee”, the “Security Trustee”
and the “Principal Paying Agent”)
Copy: Public Power Corporation S.A. (the “Junior Noteholder”)
This announcement is released by the Issuer and may contain inside
information for the purposes of Article 7 of EU/UK MAR, encompassing
information relating to the Senior Notes described above. For the purposes
of EU/UK MAR and Article 2 of Commission Implementing Regulation (EU)
2016/1055, including as it forms part of assimilated law in the UK by
virtue of the EUWA, this announcement is made by the Directors of the
Issuer.
Reference is made to the note trust deed dated 9 April 2021, constituting
the Senior Notes and made between the Issuer and the Note Trustee
(including the terms and conditions of the Senior Notes set out in
Schedule 3 (Terms and Conditions of the Senior Notes) thereto (the
“Conditions”)), as amended and restated pursuant to a deed of amendment
and restatement dated 27 July 2023, as amended pursuant to a deed of
amendment dated 16 July 2024 and as amended pursuant to a deed of
amendment dated 16 July 2025 (the “Note Trust Deed”).
All terms and expressions used but not defined in this notice shall have
the meanings ascribed to them as applicable in the Note Trust Deed or the
master definitions and framework deed dated 9 April 2021 and made between,
among others, the Issuer, the Seller and the Security Trustee, as amended
pursuant to a deed of amendment dated 23 June 2021, as amended and
restated pursuant to a deed of amendment and restatement dated 27 July
2023, as amended pursuant to a deed of amendment dated 16 July 2024 and as
amended pursuant to a deed of amendment dated 16 July 2025 (the “Master
Definitions and Framework Deed”).
The Issuer hereby irrevocably notifies you that in accordance with Senior
Note Condition 5.3 (Redemption at the option of the Junior Noteholder) and
pursuant to a written direction dated 16 April 2026 the Junior Noteholder
(the “Written Direction”) has directed the Issuer to redeem in whole the
Senior Notes on 23 April 2026 (the “Redemption Date”) at the then Senior
Note Principal Amount Outstanding, together with any accrued but unpaid
interest (if any) to the Business Day fixed for the redemption, subject to
the payment of any amounts required to be paid in priority or pari passu
with the Senior Notes in accordance with the Post-Amortisation Priority of
Payments.
The redemption of the Senior Notes is subject to satisfaction of the
conditions listed in Senior Note Condition 5.3 (Redemption at the option
of the Junior Noteholder) including, for the avoidance of doubt, the
Written Direction.
The Issuer hereby further notifies you that on and after the Redemption
Date there will be sufficient amounts standing to the credit of the
Accounts to pay any amounts required to be paid in priority or pari passu
with the Senior Notes in accordance with the Post-Amortisation Priority of
Payments.
This notice and any non-contractual obligations arising out of or in
connection with it shall be governed by, and construed in accordance with,
English law.
This notice does not constitute an offer to sell or the solicitation of an
offer to subscribe for or otherwise acquire any securities in any
jurisdiction. No person has been authorised to give information, or to
make any representation in connection therewith, other than as contained
herein. The delivery of this notice at any time does not imply that the
information in it is correct as at any time subsequent to its date.
For further information, please contact the Issuer at the address below.
PPC Zeus Designated Activity Company
Fourth Floor
3 George’s Dock IFSC
Dublin 1 Ireland
Attention: The Directors
Email: [3]Ireland@wilmingtontrust.com Tel: +353 1 6125550
Yours faithfully
Director of
PPC ZEUS DESIGNATED ACTIVITY COMPANY
as Issuer
Project Zeus – Signature Page to Notice from the Issuer of
Optional Redemption of the Senior Notes
End of Inside Information
══════════════════════════════════════════════════════════════════════════
16-Apr-2026 CET/CEST News transmitted by [4]EQS Group
View original content: [5]EQS News
══════════════════════════════════════════════════════════════════════════
Language: English
Company: PPC Zeus Designated Activity Company
Fourth Floor, 3 George’s Dock, IFSC, Dublin 1
D01 X5X0 Dublin
Ireland
Phone: +353 1 6125550
E-mail: Ireland@Wilmingtontrust.com
ISIN: XS2269203316
WKN: 920331
Listed: Vienna Stock Exchange (Vienna MTF)
EQS News ID: 2309980
End of Announcement EQS News Service
2309980 16-Apr-2026 CET/CEST
https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=show_t_gif&application_id=2309980&application_name=news&site_id=apa_ots_austria~~
References
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2. https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=f5d50dc7e8798b6eb177f7955e598e60&application_id=2309980&site_id=apa_ots_austria~~~18b544d0-9c71-4160-bd95-cc8b9aff9fbf&application_name=news
3. Ireland@wilmingtontrust.com
4. https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=f5d50dc7e8798b6eb177f7955e598e60&application_id=2309980&site_id=apa_ots_austria~~~18b544d0-9c71-4160-bd95-cc8b9aff9fbf&application_name=news
5. https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=23b7661f8ab48e21394f3997d7a19fb3&application_id=2309980&site_id=apa_ots_austria~~~18b544d0-9c71-4160-bd95-cc8b9aff9fbf&application_name=news
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