KazAgro National Management Holding announces results of tender offer and consent solicitation in respect of international bonds XS0934609016, US48668JAA88 (KZAGe1)

22.02.19, 19:21
/KASE, February 22, 2019/ – KazAgro National Management Holding (Astana), whose 
bonds are officially listed on Kazakhstan Stock Exchange (KASE), has provided 
KASE with press release dated February 22, 2019, which states as follows:

quote

JOINT STOCK COMPANY “KAZAGRO” NATIONAL MANAGEMENT HOLDING ANNOUCES RESULTS OF 
TENDER OFFER AND CONSENT SOLICITATION IN RESPECT OF THE U.S.$1,000,000,000 4.625% 
NOTES DUE 2023 ISIN (REG S): XS0934609016; ISIN (RULE 144A): US48668JAA88; CUSIP 
(RULE 144A): 48668JAA8) ISSUED UNDER ITS GLOBAL MEDIUM TERM NOTE PROGRAMME.

On January 22, 2019, Joint Stock Company "Kazagro" National Management Holding 
(the "Issuer") announced its invitations to each holder (the "Holders") (subject 
to certain offer and distribution restrictions referred to below) of the Issuer's 
outstanding U.S.$1,000,000,000 4.625% notes due 2023 (the "Notes") to tender any 
and all of the outstanding Notes for purchase by the Issuer for cash (the "Tender 
Offer") and concurrently with the Tender Offer, to consent to amend, by way of 
extraordinary resolution of the holders (the "Extraordinary Resolution"), the 
terms and conditions of the Notes (the "Conditions") to provide for mandatory 
early redemption of the Notes by the Issuer (the "Proposal", and together with 
the Tender Offer, the "Offer").

All Tender Instructions and Voting Instructions were submitted according to the 
terms set out in the Tender Offer and Consent Solicitation Memorandum dated 
January 22, 2019 ("Memorandum"). Capitalised terms used in this Notice that do 
not have any particular meaning herein shall have the meaning ascribed to them 
in the Memorandum.

The Issuer hereby notifies Bond Holders that the Decision taken by the qualified
majority of votes was taken today at the Meeting in respect of the Notes 
specified  in the Meeting Notice dated January 22, 2019 in accordance with the
established  procedure.  Fiscal Agent Agreement in respect of Notes dated
February 22, 2019   was signed by the Issuer and Citibank N.A., London office,
acting as fiscal agent.

As at Expiry Time i.e. 10:00 am (London time), February 20, 2019, the Issuer 
such number of Offer Instructions and Voting Instructions in respect of Notes, 
which is sufficient for taking the Decision to be made by qualified majority of 
votes in accordance with the established procedure at the Meeting, which is 
reflected in the following table.

unquote

Full version of the press release (in Russian) is available on KASE website –
http://kase.kz/files/emitters/KZAG/kzag_reliz_220219_1.pdf

[2019-02-22]