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Results of Adjourned Meeting

23rd Jul 2025 16:52

RNS Number : 2984S
Arada Sukuk Limited
23 July 2025
 

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.

23 July 2025

ARADA SUKUK LIMITED ANNOUNCES RESULTS OF 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.

Results of the Adjourned Meeting

The adjourned Meeting to consider the Extraordinary Resolution and, if thought fit, pass the Extraordinary Resolution was held earlier today and was quorate, the Eligibility Condition was satisfied and the Extraordinary Resolution was duly passed.

All Certificates blocked for the purpose of the Consent Solicitation will be unblocked as soon as practicable.

The Trustee expects to pay the Consent Fee on or around 24 July 2025 and, in any event, by no later than 30 July 2025, being the fifth Business Day following the adjourned Meeting (the "Fee Payment Date").

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]

Transaction Website: https://projects.sodali.com/arada

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.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
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