/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]