Dubai
Dana Gas said its shareholders — present or by proxy — voted unanimously in favour of the consensual restructuring of its $700 million sukuk at the General Assembly Meeting.
This follows the previously announced consent for the restructuring terms from 90.9 per cent of the 9 per cent Ordinary Sukuk certificate holders and 96.4 per cent of the 7 per cent Exchangeable Sukuk certificate holders with none voting against, demonstrating overwhelming support for the transaction by all stakeholders.
“The level of support underlines the consensual nature of the restructuring and the continued support of both sukukholders and shareholders of the Company is testimony to our financial strength and our exciting future growth prospects,” Patrick Allman-Ward, CEO of Dana Gas, said in a statement.
