27th Jun 2025 10:20
NOT FOR DISTRIBUTION: (A) IN OR INTO, OR TO ANY PERSON LOCATED OR RESIDENT IN, THE UNITED STATES, ITS TERRITORIES AND POSSESSIONS (INCLUDING PUERTO RICO, THE U.S. VIRGIN ISLANDS, GUAM, AMERICAN SAMOA, WAKE ISLAND AND THE NORTHERN MARIANA ISLANDS, ANY STATE OF THE UNITED STATES AND THE DISTRICT OF COLUMBIA) (THE "UNITED STATES") OR TO ANY U.S. PERSON (AS DEFINED BELOW); OR (B) IN OR INTO ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO DISTRIBUTE THIS DOCUMENT.
27 June 2025
ARADA SUKUK LIMITED ANNOUNCES EXTENSION OF CONSENT FEE DEADLINE FOR CONSENT SOLICITATION
to eligible holders of its outstanding U.S.$ 500,000,000 Trust Certificates due 2027
(the "Certificates")
ARADA SUKUK LIMITED
(Incorporated as an exempted company with limited liability in the Cayman Islands)
(the "Trustee")
Description of Certificates | Aggregate Face Amount Outstanding |
ISIN | Consent Fee |
U.S.$ 500,000,000 Trust Certificates due 2027 | U.S.$ 500,000,000 | XS2471859251 | U.S.$ 0.75 per U.S.$ 1,000 in aggregate face amount of the Certificates |
On 16 June 2025, the Trustee announced an invitation to holders of the Certificates to consent to certain modifications of the terms and conditions of the Certificates and the documents relating to the Certificates, all as further described in the consent solicitation memorandum dated 16 June 2025 (the "Consent Solicitation Memorandum"). Capitalised terms used in this notice and not otherwise defined shall have the meanings given to them in the Consent Solicitation Memorandum.
Extension of Consent Fee Deadline
The Trustee wishes to announce that it has extended the original consent fee deadline to 3.00 p.m. (London time) on 7 July 2025 (as the same may be further extended).
The deadline for receipt by the Information and Tabulation Agent of valid Electronic Voting Instructions from Eligible Certificateholders wishing to vote in favour of the Extraordinary Resolution and to be eligible to receive an amount equal to U.S.$ 0.75 per U.S.$ 1,000 in aggregate face amount of the relevant Certificates (the "Consent Fee") is now 3.00 p.m. (London time) on 7 July 2025 (as the same may be further extended, the "Consent Fee Deadline"). In order for any Certificateholder to be eligible to receive the Consent Fee, the relevant Electronic Voting Instruction must be given in favour of the Extraordinary Resolution by the Consent Fee Deadline.
Certificateholders may continue to submit valid Electronic Voting Instructions after the Consent Fee Deadline but before the Expiration Deadline if the relevant Electronic Consent is not granted. No Consent Fee will be payable in respect of any Electronic Voting Instructions received by the Information and Tabulation Agent after the Consent Fee Deadline.
Certificateholders are advised to check with any bank, securities broker or other intermediary through which they hold Certificates when such intermediary would require to receive instructions from a Certificateholder in order for that Certificateholder to be able to participate in the Consent Solicitation before the deadlines specified above. The deadlines set by any such intermediary and each Clearing System for the submission of Electronic Voting Instructions will be earlier than the relevant deadlines specified above.
Further Information
A complete description of the terms and conditions of the Consent Solicitation is set out in the Consent Solicitation Memorandum. A copy of the Consent Solicitation Memorandum is available to eligible persons from the Transaction Website (https://projects.sodali.com/arada), subject to registration and eligibility confirmation or upon request from the Information and Tabulation Agent.
CERTIFICATEHOLDERS ARE ADVISED TO READ CAREFULLY THE CONSENT SOLICITATION MEMORANDUM FOR FULL DETAILS OF AND INFORMATION ON THE PROCEDURES FOR PARTICIPATING IN THE CONSENT SOLICITATION.
Further details about the Consent Solicitation can be obtained from:
The Solicitation Agent
Standard Chartered Bank
7th Floor Building One, Gate Precinct
Dubai International Financial Centre
P.O. Box 999
Dubai
United Arab Emirates
Attention: Liability Management
Email: [email protected]
The Information and Tabulation Agent
Sodali & Co Ltd
The Leadenhall Building
122 Leadenhall Street
London
EC3V 4AB
United Kingdom
Email: [email protected]
Distribution Restrictions
This announcement and the Consent Solicitation Memorandum do not constitute an offer or an invitation to participate in the Consent Solicitation in any jurisdiction in or from which, or to or from any person to or from whom, it is unlawful to make such offer or invitation under applicable securities laws. The distribution of the Consent Solicitation Memorandum in certain jurisdictions may be restricted by law. Persons into whose possession the Consent Solicitation Memorandum comes are required by each of the Trustee, Arada, the Solicitation Agent, the Delegate and the Information and Tabulation Agent to inform themselves about, and to observe, any such restrictions.
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