REG - TFG Sukuk I Limited - Aurum (Cayman) Limited - Extraordinary Resolution

FirstgroupAnnouncement

17/08/2022 18:15

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RNS Number : 3143W  TFG Sukuk I Limited  17 August 2022

Issuer: TFG Sukuk I Limited

Date: 17 August 2022

 

Aurum (Cayman) Limited ("Aurum") would like to announce that it has received
the consent of holders ("Certificateholders") of the U.S.$135,000,000 Secured
10.50 per cent. amortising Certificates due 2024 (the "Certificates") issued
by TFG Sukuk I Limited (the "Issuer") to permanently amend the terms and
conditions of the Certificates, in order to, inter alia: (i) revise the
Scheduled Dissolution Distribution Amounts payment schedule and Scheduled
Dissolution Distribution Amounts payable under the Certificates; (ii) amend
the provisions relating to Dissolution at the Option of Aurum and the Optional
Dissolution Distribution Amount payable on an Optional Dissolution Date; (iii)
insert an additional option allowing for dissolution of the Certificates in
the event of a Refinancing Event; and (iv) revise certain of the covenants and
undertakings that Aurum is required to comply with under the Certificates.

 

About The First Group: The First Group, a subsidiary of Aurum is headquartered
in Dubai, UAE and is a dynamic, integrated property developer with a
fast-growing portfolio of upscale hotels, residential properties, F&B
brands and real estate asset management services. Since its launch, The First
Group has carved a highly successful niche offering unrivalled property
investment opportunities to clients from more than 120 countries worldwide.

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