69WK Euro.bk. 31

TIDM69WK

RNS Number : 7316D

Tabreed 08 Financing Corporation

28 March 2011

NOT FOR DISTRIBUTION IN OR INTO THE UNITED STATES, THE CAYMAN ISLANDS OR IN OR INTO OR TO ANY PERSON LOCATED OR RESIDENT IN THE REPUBLIC OF ITALY(SEE "OFFER AND DISTRIBUTION RESTRICTIONS" BELOW)

28 March 2011

National Central Cooling Company PJSC announces the results of the meeting of the holders of the outstanding

AED1,700,000,000 Trust Certificates due 2011 (ISIN: XS0359799136) of

Tabreed 08 Financing Corporation

National Central Cooling Company PJSC (Tabreed) announced on 2 March 2011 an invitation to holders of the AED1,700,000,000 Trust Certificates due 2011 (ISIN: XS0359799136) (the Certificates) of Tabreed 08 Financing Corporation (the Certificateholders and the Issuer, respectively) to tender their Certificates for purchase by Tabreed (the Offer). The Offer expired on 16 March 2011.

Tabreed and the Issuer separately invited Certificateholders to approve, among other things, certain modifications to the terms and conditions of the Certificates (the Conditions and such invitation, the Proposal). Notice was given on 2 March 2011 in accordance with the Conditions (the Notice) of a meeting of the Certificateholders (the Meeting) to be held today at 10.00 a.m. (London time). At the Meeting, Certificateholders were invited to consider and, if thought fit, pass an Extraordinary Resolution for the implementation of the Proposal.

Tabreed announces and gives notice to Certificateholders that the Extraordinary Resolution set out in the Notice was duly passed at the Meeting. The implementation of the Extraordinary Resolution is conditional on the completion of the Recapitalisation Programme.

The final aggregate face amounts of Certificates in respect of which Tender Instructions and Ineligible Certificateholder Instructions were received by the Tender Agent in connection with the Offer and the Proposal were AED1,573,320,000 and AED4,920,000, respectively, which represented a total of AED1,578,240,000 in aggregate face amount or 92.84% of the Certificates outstanding.

The Offer and Proposal were made on the terms and subject to the conditions contained in the Tender Offer Memorandum dated 2 March 2011 (the Tender Offer Memorandum) and this announcement should be read in conjunction with the Tender Offer Memorandum and the announcements by Tabreed dated 2 and 16 March 2011. Capitalised terms used but not otherwise defined in this announcement shall have the meanings given to them in the Tender Offer Memorandum and the Conditions.

Morgan Stanley & Co. International plc is acting as Dealer Manager. Lucid Issuer Services Limited is acting as Tender Agent. For detailed terms of the Offer and the Proposal please refer to the Tender Offer Memorandum, copies of which can be obtained from the Tender Agent referred to below.

Dealer Manager

 
 Morgan Stanley & Co. International plc 
             25 Cabot Square 
              Canary Wharf 
             London E14 4QA 
             United Kingdom 
       Telephone: +971 4 363 4829 
         Attention: Yavar Moini 
   Email: tandem_ecm@morganstanley.com 
 

Tender Agent:

 
        Lucid Issuer Services Limited 
                 Leroy House 
                436 Essex Road 
                London N1 3QP 
                United Kingdom 
         Telephone: +44 20 7704 0880 
            Fax: +44 20 7067 9098 
  Attention: Sunjeeve Patel / Thomas Choquet 
         Email: tabreed@lucid-is.com 
 

DISCLAIMER

Neither this announcement nor the Tender Offer Memorandum constitutes an offer to buy or the solicitation of an offer to sell Certificates. The distribution of this announcement and the Tender Offer Memorandum in certain jurisdictions may be restricted by law. Persons into whose possession this announcement or the Tender Offer Memorandum comes are required by each of Tabreed, the Issuer, the Dealer Manager and the Tender Agent 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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