REG - Arada Sukuk Ltd - Extension of Consent Fee Deadline

Standard CharteredAnnouncement

27/06/2025 11:30

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RNS Number : 7614O  Arada Sukuk Limited  27 June 2025

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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                Consent Fee

                                                                                   ISIN

 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 (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: liability_management@sc.com

The Information and Tabulation Agent

Sodali & Co Ltd

The Leadenhall Building

122 Leadenhall Street

London

EC3V 4AB

United Kingdom

 

Email: arada@investor.sodali.com (mailto:arada@investor.sodali.com)

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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