DTEK has announced to the holders of its notes that it currently anticipates that the DTEK Group will present a restructuring proposal to the noteholders in Q1 2016, DTEK Finance Plc said in an announcement on the London Stock Exchange (LSE) on Tuesday.

DTEK Finance Plc said that to streamline this restructuring process, DTEK Finance PLC urges its Noteholders to consult together with a view to forming a committee to represent the interests of the wider Noteholder group. DTEK Finance PLC also urges this committee to appoint financial advisors, if necessary, to act as a point of contact for the DTEK group's financial adviser – Rothschild.

DTEK said that the anticipated restructuring concerns 10.375% senior notes due 28 April 2018 and 7.875% senior notes due 4 April 2018 each issued by DTEK Finance Plc.

DTEK was created in 2005 to run the energy assets of SCM Group (Donetsk) controlled by Rinat Akhmetov. DTEK runs the group's enterprises, which make up a vertically integrated coal extraction and enrichment chain and electrical power production and sale.