Kazatomprom launches consent solicitation VIA JPM & RBS

14.02.2012
 
13 February 2012 –  JSC National Atomic Company Kazatomprom (“Kazatomprom”) has commenced the solicitation of consents (the “Consent Solicitation”) from holders (the “Noteholders”) of its U.S.$500,000,000 6.25% Notes due 2015 (Regulation S Notes: ISIN XS0510820011 / Common Code 051082001; Rule 144A Notes: ISIN US63253RAA05 / CUSIP 63253RAA0 / Common Code 051127641; KASE Trading Code KZAPe1 (the “Notes”)). Pursuant to the Consent Solicitation, Kazatomprom is requesting the Noteholders to approve a one time waiver of certain provisions of the Terms and Conditions of the Notes. Capitalised terms used in this announcement and not otherwise defined herein have the meanings ascribed to them in the Consent Solicitation Memorandum dated 13 February 2012 issued by Kazatomprom.
 
The Early Solicitation Deadline is 3:00 p.m. (London time) on 24 February 2012 and the Solicitation Deadline is 3:00 p.m. (London time) on 5 March 2012 (unless extended or earlier terminated by Kazatomprom). The Meeting will take place on 7 March 2012 unless adjourned.
 
If (i) the Extraordinary Resolution is approved and (ii) all Conditions Precedent are satisfied or, if capable of being waived, waived, then Kazatomprom will pay, or procure to be paid, on the Settlement Date: 
  • a cash payment of U.S.$2.50 for each U.S.$1,000 principal amount of Notes (the“Early Consent Fee”) to Noteholders who complete and deliver valid Voting Instructions in favour of the Extraordinary Resolution on or before the Early Solicitation Deadline; or
  • a cash payment of U.S.$1.00 for each U.S.$1,000 principal amount of Notes (the“Consent Fee”) to Noteholders who complete and deliver (and do not revoke) valid Voting Instructions in favour of the Extraordinary Resolution after the Early Solicitation Deadline.
Noteholders are advised to read carefully the Consent Solicitation Memorandum for full details of, and information on, the terms and conditions of and the procedures for participating in the Consent Solicitation.
Requests for information in relation to the Consent Solicitation should be directed to the Solicitation Agents: J.P.Morgan (+44 20 7779 2468, +44 20 7325 4851, corp_syndicate@jpmorgan.com, emea_lm@jpmorgan.com) and The Royal Bank of Scotland (+44 20 7075 3781, +44 20 7085 4634, liabilitymanagement@rbs.com).
 
Requests for information in relation to the procedures for participating in the Consent Solicitation and for any documents or materials relating to the Consent Solicitation should be directed to the Tabulation Agent: The Bank of New York Mellon, London Branch (+44 20 7964 4958, debtrestructuring@bnymellon.com).

This release does not constitute an invitation to participate in the Consent Solicitation.
 

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