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Cayman Exch Fndng 1 (83YH)

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Friday 28 November, 2008

Cayman Exch Fndng 1

Announcement of written Resol

RNS Number : 1899J
Cayman Exchangeable Funding 1 Ltd
28 November 2008
 



Announcement of Written Resolution 

28 November 2008


Cayman Exchangeable Funding 1 Limited (the 'Company') is pleased to announce that the holders (the 'Holders') of the $1,262,000,000 6.75% Debt Exchangeable for Common Stock due 2010 (the 'DECS') passed an extraordinary resolution by way of written resolution on 27 November 2008 authorising, amongst other things: (a) certain amendments to be made to the terms and conditions of the DECS; and (b) the Company to effect an Interest Prepayment Event (as defined in the amended terms and conditions). 


This announcement is made in accordance with the Disclosure and Transparency Rules of the U.K. Financial Services Authority.


This announcement is not an offer for sale of any securities of the Company in the United States. Any securities of the Company may not be offered or sold in the United States absent registration or an exemption from registration under the U.S. Securities Act of 1933. The Company has not registered and does not intend to register any securities in the United States or to conduct a public offering of any securities in the United States.


This communication is only being distributed to and is only directed at (i) persons who are outside the United Kingdom or (ii) to investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the 'Order') or (iii) high net worth entities, and other persons to whom it may lawfully be communicated, falling within Article 49(2)(a) to (d) of the Order (all such persons together being referred to as 'relevant persons'). Any person who is not a relevant person should not act or rely on this communication or any of its contents.


This announcement does not comprise a prospectus and does not contain or constitute or form part of any offer or invitation, or any solicitation of an offer, for securities and should not be relied on in connection with any contract or commitment whatsoever.  


Any offer of securities to the public that may be deemed to be made pursuant to this communication in any EEA Member State that has implemented Directive 2003/71/EC (together with any applicable implementing measures in any Member State, the 'Prospectus Directive') is only addressed to and is only directed at qualified investors in that Member State within the meaning of the Prospectus Directive.


Neither this announcement nor any copy of it may be reproduced or distributed to, or taken or transmitted in or into the Russian Federation, the United States or U.S. Persons (as defined in Regulation S under the U.S. Securities Act of 1933, as amended), Canada, Australia, Japan, South Africa, the Republic of Cyprus, the Cayman Islands or any other jurisdiction in which offers or sales of the DECS would be prohibited by applicable law. This announcement does not constitute or form part of any offer or invitation to sell, or any solicitation of any offer to purchase nor shall it (or any part of it) or the fact of its distribution, form the basis of, or be relied on in connection with, any contract. The distribution of this announcement and other information in connection with the listing may be restricted by law in certain jurisdictions and persons into whose possession any document or other information referred to herein comes should inform themselves about and observe any such restriction. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction.


This information is provided by RNS
The company news service from the London Stock Exchange
 
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