NC Kazakhstan temir zholy announces results of meeting of holders of international bonds XS1713475132, US48669DAA00 (TMJLe6)

21.11.19 10:58
/KASE, November 21, 2019/ – SkyBridge Invest, a member of Kazakhstan Stock Exchange (KASE), has provided KASE with the following communiqué dated November 20, 2019: quote JOINT-STOCK COMPANY "NATIONAL COMPANY "KAZAKHSTAN TEMIR ZHOLY" ("Issuer") ANNOUNCEMENT OF RESULTS OF THE MEETING to the holders (the "Holders") of the outstanding U.S.$780,000,000 4.850% NOTES DUE 2027 (Unrestricted Global Note ISIN: XS1713475132, Common Code: 171347513; Restricted Global Note ISIN: US48669DAA00, Common Code: 111730954, CUSIP: 48669DAA0) (the "Notes") JOINT STOCK COMPANY "NATIONAL COMPANY "KAZAKHSTAN TEMIR ZHOLY" hereby gives notice to Holders that the Extraordinary Resolution set out in the Notice of Meeting dated 17 October 2019 was duly passed at the Meeting today. The second supplemental trust deed dated 20 November 2019 (the "Supplemental Trust Deed') has been signed by the Issuer, Joint Stock Company "Kaztemirtrans", Joint Stock Company "KTZ-Freight Transportation", Joint Stock Company "Passenger Transportation", Joint Stock Company "Vagonservice" and Joint Stock Company "Suburban Transportation", as guarantors, and BNY Mellon Corporate Trustee Services Limited, as trustee, and the amendments to the terms and conditions of the Notes contemplated therein have been implemented effective today. On 17 October 2019, the Issuer announced its invitation to each Holder to tender any or all of the Notes held by such Holder for purchase by the Issuer for cash (the "Tender Offer") and concurrently to consent, by the Extraordinary Resolution, to amend the terms and conditions of the Notes to provide for mandatory early redemption of the Notes by the Issuer (the "Proposal", and together with the Tender Offer, the "Offer"). The Offer was made on the terms and subject to the conditions set forth in the Tender Offer and Consent Solicitation Memorandum dated 17 October 2019 (the "Tender Offer and Consent Solicitation Memorandum"). Capitalised terms used in this announcement but not defined herein have the meaning given to them in the Tender Offer and Consent Solicitation Memorandum. As of the Expiration Deadline, being 10:00 a.m. London time on 18 November 2019, the Issuer had received valid Tender Instructions in respect of U.S.$727,146,000 in principal amount of outstanding Notes, representing approximately 93.22% of the outstanding Notes. In addition, the Issuer had also received Voting Instructions in favour of the Proposal (without Notes being tendered) in respect of U.S.$16,048,000 in principal amount of outstanding Notes, representing approximately 2.06% of the outstanding Notes. unquote The full version of the communiqué is available on KASE website – http://kase.kz/files/emitters/TMJL/tmjl_reliz_201119.pdf [2019-11-21]