AES Tiete Empreendimentos S.A. Announcement of Successful Completion of Consent Solicitation.CAYMAN ISLANDS Cayman Islands (kā`mən), British dependency (2005 est. pop. 44,300), 100 sq mi (259 sq km), comprising three islands in the West Indies. -- AES Tiete Empreendimentos S.A.
Solicitation of Consents Relating to $300,000,000 aggregate
principal amount of Tiete Certificates Grantor Trust 11.5% Trust
Certificates due April 15, 2016
CUSIP Number: 886527AA8
CUSIP Number: 886527AB6
CUSIP Number: U88635AA2
AES Tiete Empreendimentos S.A. ("TE"), AES Tiete Participacoes S.A., AES Tiete Holdings, Ltd. and AES IHB IHB International Hydrographic Bureau IHB International Hospital of Bahrain IHB Indiana Historical Bureau IHB Indiana Harbor Belt Railroad IHB In Het Bijzonder (Dutch) IHB Indian Health Board IHB It's Happy Bunny Cayman, Ltd., (collectively, the "Tiete Companies") today announced that they successfully completed the solicitation of consents (the "Consent Solicitation Consent Solicitation A solicitation by one party to the stakeholders of a particular security for the consent of a material change. Notes: Should the majority of stakeholders provide valid consent prior to the consent expiry date, the issuer may then follow through with ") from the holders as of December 30, 2004 of Tiete Certificates Grantor An individual who conveys or transfers ownership of property. In real property law, an individual who sells land is known as the grantor. grantor n. Trust's $300,000,000 aggregate principal amount of 11.5% Trust Certificates due April 15, 2016 (the "Certificates") to a proposed amendment (the "Proposed Amendment") to certain related transaction documents. The purpose of the Consent Solicitation was to approve the Proposed Amendment to the Stock Pledge Agreement and the Guaranty As a verb, to agree to be responsible for the payment of another's debt or the performance of another's duty, liability, or obligation if that person does not perform as he or she is legally obligated to do; to assume the responsibility of a guarantor; to warrant. (each as defined in the Consent Solicitation Statement of January 3, 2005) to permit AES Tiete S.A. ("Tiete") to issue, or offer to issue, shares of its capital stock to non-affiliate shareholders of Tiete for so long as such issuance and/or offer is required by the laws of Brazil in connection with the concurrent issuance of capital stock by Tiete to TE related to the realization of certain tax credits by TE through a capital increase. The Tiete Companies engaged Bondholder Communications Group to act as tabulation tab·u·late tr.v. tab·u·lat·ed, tab·u·lat·ing, tab·u·lates 1. To arrange in tabular form; condense and list. 2. To cut or form with a plane surface. adj. Having a plane surface. and information agent in connection with the Consent Solicitation. Questions regarding the Consent Solicitation and requests for documentation should be directed to Bondholder Communications Group at 888-385-2663 (US toll-free) and 212-809-2663 (collect). This announcement is not a solicitation of consents with respect to any securities. The Consent Solicitation was made solely by the Consent Solicitation Statement dated January 3, 2005. Certain matters discussed in this notice may constitute forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. within the meaning of the federal securities laws that involve risks and uncertainties, including but not limited to economic, competitive, governmental, and technological factors affecting the operations, financing, markets, products, services and prices and other factors of the Tiete and the Tiete Companies. |
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