Passing of Extraordinary Resolution

KHCB Tier 1 Sukuk Limited

07 March 2024

 

7 March 2024

KHCB Tier 1 Sukuk Limited

Passing of Extraordinary Resolution

NOT FOR DISTRIBUTION OR RELEASE IN OR INTO THE UNITED STATES OF AMERICA (OR TO U.S. PERSONS), AUSTRALIA, CANADA OR JAPAN, OR IN ANY OTHER JURISDICTION IN WHICH OFFERS OR SALES OF SECURITIES WOULD BE PROHIBITED BY APPLICABLE LAW.

NOTHING IN THIS ANNOUNCEMENT CONSTITUTES OR CONTEMPLATES AN OFFER OF, AN OFFER TO PURCHASE OR THE SOLICITATION OF AN OFFER TO SELL SECURITIES IN THE UNITED STATES OR ANY OTHER JURISDICTION. THE SECURITIES REFERRED TO HEREIN HAVE NOT BEEN, AND WILL NOT BE, REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933 (THE "SECURITIES ACT"), OR THE SECURITIES LAWS OF ANY STATE OR OTHER JURISDICTION OF THE UNITED STATES.

U.S.$159,151,000 Additional Tier 1 Capital Certificates (the "Certificates") of KHCB Tier 1 Sukuk Limited (the "Issuer")

Following the passing of an extraordinary resolution in writing on 6 March 2024 requesting that holders of the Certificates (the "Certificateholders") consider and approve certain modifications to the terms and conditions of the Certificates (the "Written Resolution"), the Issuer will now implement each of the proposals set out in the Written Resolution.

The Written Resolution is available to any Certificateholder upon written request to the Delegate, subject to providing to the Delegate, as evidence of holdings of Certificates, a copy of:

1.   a current Euroclear (EASYWAY/EUCLID) or Clearstream statement (or screenshot) evidencing full details of the Certificateholder's Euroclear or Clearstream account number, the Certificateholder's name, the ISIN number of the Certificates, a description of the Certificates and the amount and number of Certificates held; and

2.   if such Certificateholder's holding is held via a custodian in Euroclear or Clearstream on behalf of a Certificateholder, an official custodian written confirmation of the position held by the custodian on behalf of the relevant Certificateholder, evidencing full details of the Euroclear or Clearstream account number, the name of the Certificateholder, the ISIN number of the Certificates, a description of the Certificates and amount of Certificates held.

Unless the context otherwise requires, capitalised terms used in this Announcement and not otherwise defined herein have the same meanings given to them in the Written Resolution.

For further information, please contact:

KHCB Tier 1 Sukuk Limited

Walkers Fiduciary Limited
190 Elgin Avenue
George Town
Grand Cayman KY1-9008

Cayman Islands

Telephone:  [phone]

Dated: 7 March 2024

 

END