DP World Tender Results Announcement
Final Results Announcement
DP World Limited
18 September 2018
NOT FOR DISTRIBUTION IN OR INTO OR TO ANY PERSON LOCATED OR RESIDENT IN THE UNITED STATES, ITS TERRITORIES AND POSSESSIONS (INCLUDING PUERTO RICO, THE U.S. VIRGIN ISLANDS, GUAM, AMERICAN SAMOA, WAKE ISLAND AND THE NORTHERN MARIANA ISLANDS, ANY STATE OF THE UNITED STATES AND THE DISTRICT OF COLUMBIA) (THE "UNITED STATES") OR TO ANY U.S. PERSON (AS DEFINED IN REGULATION S UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED) OR TO ANY PERSON LOCATED OR RESIDENT IN ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO DISTRIBUTE THIS ANNOUNCEMENT.
18 September 2018
Further to its announcement on 10 September 2018, DP World Limited (the "Company") hereby announces the final results of its invitation to the holders of the outstanding certificates detailed below (the "Certificates"), issued by JAFZ Sukuk (2019) Limited (the "Issuer"), to tender any and all of such Certificates for purchase by the Company for cash (the "Offer"), subject to satisfaction or waiver of the New Financing Condition and the other conditions described in the Tender Offer Memorandum.
| Description of Certificates |
Issuer |
ISIN |
Aggregate Principal Amount Outstanding |
Purchase Price |
Certificates subject to the Offer |
| U.S.$650,000,000 Trust Certificates due 2019 |
JAFZ Sukuk (2019) Limited |
XS0794821453 |
U.S.$650,000,000 |
U.S.$1,032.50 per U.S.$1,000 in principal amount |
Any and all |
Capitalised terms used in this announcement but not otherwise defined have the meanings given to them in the tender offer memorandum dated 10 September 2018 (the "Tender Offer Memorandum").
Final Results of the Offer
The Company is pleased to announce that, subject to satisfaction or waiver of the New Financing Condition on or prior to the Tender Offer Settlement Date, it will accept all Certificates validly submitted for purchase pursuant to the Offer and provides the final results of the Offer as follows:
Aggregate principal amount of Certificates tendered: U.S.$413,461,000
Aggregate principal amount of Certificates to be accepted for purchase: U.S.$413,461,000
Settlement
The Tender Offer Settlement Date is expected to be 26 September 2018.
General
The complete terms and conditions of the Offer are set forth in the Tender Offer Memorandum.
The Company retained Citigroup Global Markets Limited, First Abu Dhabi Bank PJSC, HSBC Bank plc, Abu Dhabi Commercial Bank PJSC, Dubai Islamic Bank PJSC and Emirates NBD P.J.S.C. to act as Dealer Managers for the Offer.
If you need further information about the Offer, please contact any of the Dealer Managers or the Tender Agent.
Contact Details:
THE LEAD DEALER MANAGERS
Citigroup Global Markets Limited
Citigroup Centre
Canada Square
London E14 5LB
United Kingdom
Telephone: +44 20 7986 8969
Attention: Liability Management Group
Email:
First Abu Dhabi Bank PJSC
P.O. Box 2960
Abu Dhabi
United Arab Emirates
Telephone: +971 2 611 1693
Attention: Debt Capital Markets & Liability Management Group
Email:
HSBC Bank plc
8 Canada Square
London E14 5HQ
United Kingdom
Telephone: +44 (0)20 7992 6237
Attention: Liability Management Group
Email:
THE CO-DEALER MANAGERS
Abu Dhabi Commercial Bank PJSC
Head Office, PO Box 939
Sheikh Zayed Bin Sultan Street
Abu Dhabi
United Arab Emirates
Telephone: +971 (0)2 697 3677
Attention: Ludovic Nobili, Head – Investment Banking Group
Email:
Dubai Islamic Bank PJSC
PO Box 1080
Dubai
United Arab Emirates
Telephone: +971 4 295 3000
Attention: Debt Capital Markets
Email:
Emirates NBD P.J.S.C.
c/o Emirates NBD Capital Limited
12th floor, The Gate, West Wing
DIFC, Dubai
United Arab Emirates
PO Box: 506710
Telephone: +971 4 303 2800
Email:
THE TENDER AGENT
Citibank, N.A., London Branch
Citigroup Centre
Canada Square
Canary Wharf
London E14 5LB
United Kingdom
Telephone: +44 20 7508 3867
Attention: Exchange Team
Email:
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