Result of Noteholders' Meeting (9177Y)
08 March 2012 - 4:19AM
UK Regulatory
TIDM94DU TIDM94DV
RNS Number : 9177Y
JSC National Atomic Co. Kazatomprom
07 March 2012
KAZATOMPROM ANNOUNCES RESULTS OF CONSENT SOLICITATION
7 March 2012 - JSC National Atomic Company Kazatomprom
("Kazatomprom"), a joint stock company organised in the Republic of
Kazakhstan, has today announced the results of its solicitation of
consents (the "Consent Solicitation") from holders (the
"Noteholders") of its U.S.$500,000,000 6.25% Notes due 2015
(Regulation S Notes: ISIN XS0510820011 / Common Code 051082001;
Rule 144A Notes: ISIN US63253RAA05 / CUSIP 63253RAA0 / Common Code
051127641; KASE Trading Code KZAPe1 (the "Notes").
Pursuant to the Consent Solicitation, Kazatomprom requested the
Noteholders to approve certain proposed waivers of the provisions
of the Terms and Conditions of the Notes and the Trust Deed (the
"Proposal"). Capitalised terms used in this announcement and not
otherwise defined herein have the meanings ascribed to them in the
Consent Solicitation Memorandum dated 13 February 2012 issued by
Kazatomprom (the "Consent Solicitation Memorandum").
The Proposal was considered and duly passed at a meeting of the
Noteholders held on 7 March 2012 at the offices of Dewey &
LeBoeuf LLP, 1 Minster Court, Mincing Lane, London EC3R 7YL.
Accordingly, the waivers referred to in the Extraordinary
Resolution will be implemented with effect on and from 7 March
2012.
On 9 March 2012, the Issuer will pay to each Noteholder from
whom a valid Electronic Voting Instruction or DTC Instruction
consenting to the Proposal was received by the Tabulation Agent the
Early Consent Fee, if such Electronic Voting Instruction or DTC
Instruction was received prior to 3:00 p.m. London time on 24
February 2012, or the Consent Fee, if such Electronic Voting
Instruction or DTC Instruction was received prior to 3:00 p.m. on 5
March 2012.
Any inquiries should be directed to The Bank of New York Mellon,
London Branch (the "Tabulation Agent") on telephone +44 20 7964
4958 or by e-mail to debtrestructuring@bnymellon.com
THIS ANNOUNCEMENT MUST BE READ IN CONJUNCTION WITH THE CONSENT
SOLICITATION MEMORANDUM
Within the United Kingdom, this announcement is directed only at
persons having professional experience in matters relating to
investments who fall within the definition of "investment
professionals" in Article 19(5) of the Financial Services and
Markets Act 2000 (Financial Promotion) Order 2005 ("relevant
persons"). The investment or investment activity to which this
announcement relates is only available to and will only be engaged
in with relevant persons and persons who receive this announcement
who are not relevant persons should not rely or act upon it.
The distribution of this announcement in certain jurisdictions
may be restricted by law. Persons into whose possession this
announcement comes are required to inform themselves about, and to
observe, any such restrictions.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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