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ALBARAKA TÜRK KATILIM BANKASI A.Ş. - Tender Offer - Results

ALBARAKA TÜRK KATILIM BANKASI A.Ş. ANNOUNCES THE RESULTS OF ITS TENDER OFFER


10 MAY 2023


Full announcement including disclaimers and offer restrictions available via euronext


"Further to its announcements on 24 April 2023 and on 3 May 2023, the Offeror hereby confirms that as at 4.00 p.m. (London time) on 9 May 2023, being the Expiration Deadline for the Tender Offer, it had received valid Electronic Instructions in respect of U.S.$51,075,000 in aggregate face amount of Certificates. The Offeror therefore intends to accept all validly tendered Certificates in full without pro-ration. The Offeror further hereby announces that: (i) the Final Acceptance Amount; (ii) the face amount of Certificates that will remain outstanding after the Settlement Date; and (iii) the expected Accrued Periodic Distribution Amount in respect of all Certificates accepted for purchase by the Obligor are as set out in the table below:"



 

ALBARAKA TÜRK KATILIM BANKASI A.Ş. ANNOUNCES EXTENSION TO THE EXPIRATION DEADLINE


03 MAY 2023


Full announcement including disclaimers and offer restrictions available via euronext


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"The Offeror is hereby exercising its right, in its sole and absolute discretion, to extend the Tender Offer at any time prior to the announcement of the result of the Tender Offer, as described in the Tender Offer Memorandum under the heading "Extension, Termination and Amendment". The Offeror hereby announces that it is extending the Expiration Deadline to 4.00 p.m. (London time) on 9 May 2023 (the "Expiration Deadline"). The Offeror anticipates that the settlement date will remain as 12 May 2023."


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ALBARAKA TÜRK KATILIM BANKASI A.Ş. ANNOUNCES TENDER OFFER TO PURCHASE TRUST CERTIFICATES ISSUED BY ALBARAKA SUKUK LTD FOR CASH


24 APRIL 2023


Full announcement including disclaimers and offer restrictions available via euronext


"Albaraka Türk Katılım Bankası A.Ş. (the "Offeror") has today launched an invitation to holders of the outstanding U.S.$250,000,000 Fixed Rate Resettable Tier 2 Trust Certificates due 2025 issued by Albaraka Sukuk Ltd (the "Issuer") and bearing the ISIN: XS1301525207 (the "Certificates"), to tender such Certificates for purchase by the Offeror for cash (the "Tender Offer"). The Tender Offer is being made on the terms and subject to the conditions contained in the tender offer memorandum dated 24 April 2023 (the "Tender Offer Memorandum") and is subject to the tender offer and distribution restrictions set out below and as more fully described in the Tender Offer Memorandum."


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"Rationale for the Tender Offer and other matters


The Tender Offer is being made as part of the Offeror's optimisation of its balance sheet and capital structure."

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