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Results of Consent Solicitation

8th Jul 2025 09:25

RNS Number : 1751Q
Arada Sukuk Limited
08 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.

8 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 Consent Solicitation at the Consent Fee Deadline and the Expiration Deadline

Valid Electronic Voting Instructions voting in favour of the Extraordinary Resolution representing less than 50 per cent. in aggregate face amount of each of the Certificates outstanding were provided by Eligible Certificateholders to the Information and Tabulation Agent as at both the Consent Fee Deadline and the Expiration Deadline. Consequently, as at each of the Consent Fee Deadline and the Expiration Deadline, Electronic Consent has not been granted and the Extraordinary Resolution has not been duly passed.

A Meeting will be held at the offices of Greenberg Traurig, LLP at The Shard, Level 8, 32 London Bridge Street, London SE1 9SG, United Kingdom at 10.00 a.m. (London time) on 9 July 2025 for the purpose of considering and, if thought fit, passing the Extraordinary Resolution.

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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