SUPPLEMENT DATED 10 OCTOBER 2016 TO THE PROSPECTUS DATED 7 JUNE 2016
Abu Dhabi National Energy Company PJSC
(incorporated with limited liability in the United Arab Emirates)
Global Medium Term Note Programme
This Supplement (the "Supplement") to the Prospectus dated 7 June 2016 (the "Prospectus"), which comprises a base prospectus, constitutes a supplementary prospectus for the purposes of Section 87G of the Financial Services and Markets Act 2000 (the "FSMA") and is prepared in connection with the U.S.$9,000,000,000 Global Medium Term Note Programme (the "Programme") established by Abu Dhabi National Energy Company PJSC ("TAQA" or the "Issuer"). Terms defined in the Prospectus have the same meaning when used in this Supplement.
This Supplement is supplemental to, and should be read in conjunction with, the Prospectus and any other supplements to the Prospectus issued by the Issuer.
The Issuer accepts responsibility for the information contained in this Supplement. To the best of the knowledge of the Issuer (which has taken all reasonable care to ensure that such is the case) the information contained in this Supplement is in accordance with the facts and does not omit anything likely to affect the import of such information.
The purpose of this Supplement is to:
a) incorporate by reference into the Prospectus the Interim Financial Statements (as defined below);
b) following publication of the Interim Financial Statements, update the statement of no significant or material adverse change in the Prospectus;
c) update the section of the Prospectus entitled "Description of the Group-Health, Safety, Security, Environmental Regulations And Compliance-Significant Recent HSSE Events" with an additional recent event; and
d) update the section of the Prospectus entitled "Management-Executive Management" to reflect the appointment of the Acting Chief Financial Officer of the Issuer.
Documents incorporated by reference
A copy of the Issuer's unaudited interim condensed consolidated financial statements as at and for the six months ended 30 June 2016 (together with the review report thereon, the "Interim Financial Statements") has been filed with the Financial Conduct Authority and, by virtue of this Supplement, the Interim Financial Statements are incorporated in, and form part of, the Prospectus.
Copies of the Interim Financial Statements may be obtained (without charge) from the Issuer's website (http://www.taqaglobal.com/investors?sc_lang=en). Save for the documents specifically incorporated by reference into the Prospectus by virtue of this Supplement, the information contained on the Issuer's website is not incorporated by reference into, or otherwise included in, the Prospectus. A copy of this Supplement will also be available free of charge at the website of the Regulatory News Service operated by the London
If documents which are incorporated by reference to this Supplement themselves incorporate any information or other documents therein, either expressly or implicitly, such information or other documents will not form part of the Prospectus for the purposes of the Prospectus Directive except where such information or other documents are specifically incorporated by reference to the Prospectus. Prospectus Directive means Directive 2003/71/EC (as amended, including by Directive 2010/73/EU), and includes any relevant implementing measures in the relevant Member State of the European Economic Area.
General Information - Significant or Material Change
Paragraph 3 under the heading "General Information" on page 199 of the Prospectus shall be deemed deleted and replaced with the following:
"There has been no significant change in the financial or trading position of the Issuer or of the Group since
30 June 2016 and no material adverse change in the prospects of the Issuer or of the Group since 31
Significant Recent HSSE Events
The following sentence is added under the heading "Significant Recent HSSE Events" in the section entitled
"Description of the Group-Health, Safety, Security, Environmental Regulations And Compliance" on page
135 of the Prospectus:
"TAQA Atrush B.V.
On 27 August 2016, an individual engaged by a local contractor suffered a fatal accident from a falling object during construction of a drill pad at the Atrush Block in the Kurdistan region of Iraq. The relevant authorities have been notified, and this incident is currently under investigation to establish the cause of the incident.".
The following sentence is added under the heading "Executive Management" in the section entitled
"Management" on page 140 of the Prospectus:
"On 30 August 2016, TAQA announced the appointment of Mohammed Al Ahbabi as Acting Chief
Financial Officer of TAQA from 1 September 2016, following the resignation of Grant Gillon.".
To the extent that there is any inconsistency between (a) any statement in this Supplement or any statement included in the Prospectus by this Supplement and (b) any other statement in, or incorporated by reference in, the Prospectus, the statements in (a) above will prevail.
Save as disclosed in this Supplement, there has been no other significant new factor, material mistake or inaccuracy relating to information included in the Prospectus since the publication of the Prospectus.
The date of this Supplement is 10 October 2016.
This information is provided by RNS