Arada Sukuk Limited
24 August 2026
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.
This announcement may contain inside information as defined in Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of United Kingdom domestic law by virtue of the European Union (Withdrawal) Act 2018, as amended ("MAR") and is disclosed in accordance with the Trustee's obligations under Article 17 of MAR. Upon the publication of this announcement via RNS, this inside information is now considered to be in the public domain. This announcement has been authorised for release by Jordan Hebert, Director of Arada Sukuk Limited.
24 AUGUST 2026
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.$ 411,702, 000 |
XS2471859251 |
U.S.$ 5.50 per U.S.$ 1,000 in aggregate face amount of the Certificates |
On 12 August 2026, the Trustee announced an invitation to holders of the Certificates (the "Certificateholders") to consent to certain modifications of the terms and conditions of the Certificates (the "Conditions") and the documents relating to the Certificates, all as further described in the consent solicitation memorandum dated 12 August 2026 (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.
The Trustee hereby announces that it has extended the original consent fee deadline to 3.00 p.m. (London time) on 31 August 2026 (as the same may be further extended).
Extension of Consent Fee Deadline
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.$ 5.50 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 31 August 2026 (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.
If the relevant Electronic Consent is granted and the Extraordinary Resolution takes effect at the Consent Fee Deadline, Electronic Voting Instructions received by the Information and Tabulation Agent after the Consent Fee Deadline will be rejected. 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 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.
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, or (in the limited circumstances in which revocation is permitted) revoke their instruction 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 Agents |
|
|
Mashreqbank psc (acting through its Islamic Banking Division) Mashreqbank Global Headquarters Al Umniyati Street Burj Khalifa Community P.O. Box 1250, Dubai United Arab Emirates Attention: Liability Management team Email: DCM@mashreq.com |
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 Transaction website: https://projects.sodali.com/arada Email: 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 Agents, the Delegate and the Information and Tabulation Agent to inform themselves about, and to observe, any such restrictions.
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