Arada Sukuk 2 Limited Announces Results of Consent Solicitation
Why we think this is neutral
This RNS announcement provides an update on the results of a consent solicitation process for the company's outstanding trust certificates. It does not contain any of the mandatory news types that would require a more detailed analysis, such as trading updates, financial results, or major corporate events. As such, the sentiment is assessed as neutral.
Key Points
- Arada Sukuk 2 Limited announced the results of a consent solicitation process for its outstanding trust certificates
- More than 75% of valid Electronic Voting Instructions were in favor of the Extraordinary Resolution
- The adjourned meeting is expected to pass the Extraordinary Resolution
Summary
The company has provided an update on the results of a consent solicitation process for its outstanding trust certificates.
Arada Sukuk 2 Limited has announced the results of a consent solicitation process for its outstanding U.S.$ 550,000,000 Trust Certificates due 2029. The company has stated that more than 75% of the valid Electronic Voting Instructions provided by Eligible Certificateholders were votes in favor of the Extraordinary Resolution, and the adjourned meeting is expected to pass the resolution.
GENERAL UPDATE