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AFRISTRAT INVESTMENT HOLDINGS LIMITED - Monthly interest declaration and finalisation announcement
2021/02/23 09:30:00Download PDF Stock report
Monthly interest declaration and finalisation announcement
AFRISTRAT INVESTMENT HOLDINGS LIMITED
(formerly Ecsponent Limited)
Incorporated in the Republic of South Africa
Registration number: 1998/013215/06
JSE Code: ATI - ISIN: ZAE000287587
Debt Issuer Code: ATID
Hybrid Issuer Code: ATIG
(“Afristrat” or “the Company”)
Notes Series number JSE Code ISIN
Fixed Rate Notes 1 ATIFX1 ZAE000288908
2 ATIFX2 ZAE000288924
3 ATIFX3 ZAE000288940
4 ATIFX4 ZAE000288916
5 ATIFX5 ZAE000288932
6 ATIFX6 ZAE000288957
Floating Rate Notes 1 ATIFL1 ZAE000288965
2 ATIFL2 ZAE000288973
Zero Coupon Notes 1 ATIZR1 ZAE000288981
2 ATIZR2 ZAE000288999
Monthly interest declaration and finalisation announcement
Holders of Notes issued by the Company in terms of its ZAR10,000,000,000 Domestic Medium Term Note Programme
are hereby advised that the interest per Note amount, to be paid on Monday, 15 March 2021, has been finalised.
Notice is given of the declaration of the following interest in respect of the period commencing on Tuesday,
9 February 2021 and ending on the date that the Notes start trading ex-interest, being Wednesday, 10 March 2021
in respect of:
• Series 1 Fixed Rate Notes, an interest rate of 9%;
• Series 2 Fixed Rate Notes, an interest rate of 10%;
• Series 3 Fixed Rate Notes, an interest rate of 12%;
• Series 4 Fixed Rate Notes, an interest rate of 9%;
• Series 5 Fixed Rate Notes, an interest rate of 10%;
• Series 6 Fixed Rate Notes, an interest rate of 12%;
• Series 1 Floating Rate Notes, an interest rate of 8.50% (being the prime rate plus 1.5%); and
• Series 2 Floating Rate Notes, an interest rate of 8.50% (being the prime rate plus 1.5%).
Relevant dates in relation to this interest payment are set out below:
Last day to trade to appear in the register on Record Date Tuesday, 9 March 2021
Notes start trading ex-interest Wednesday, 10 March 2021
Record Date Friday, 12 March 2021
Payment Date Monday, 15 March 2021
In terms of the Debt Listings Requirements of the JSE, the following additional information is provided:
1. The interest is paid from income reserves.
2. The Company shall be entitled to an administration fee of 0.25% per annum on the Initial Issue Price,
inclusive of VAT, payable monthly in arrears on the Monthly Interest Payment Dates.
3. The administration fee is subject to the Value-Added Tax Act of 1991. The Company has the right to recover
the monthly administration fee, from the monthly Note interest (plus the applicable VAT thereon).
4. The Company’s income tax number is 9235/264/84/4.
5. At the date hereof, the Company has issued the following Notes:
• Fixed Rate Notes: An aggregate nominal amount of R93 370 100 (comprising R1 250 000 issued in terms
of Series 1; R16 913 000 issued in terms of Series 2; R32 150 000 issued in terms of Series 3;
R330 000 issued in terms of Series 4; R13 013 300 issued in terms of Series 5 and R29 713 800 issued
in terms of Series 6);
• Floating Rate Notes: An aggregate nominal amount of R38 838 600 (comprising R15 667 000 in terms of
Series 1 and R23 171 600 in terms of Series 2); and
• Zero Coupon Notes: An aggregate nominal amount of R30 581 500 (comprising R10 148 000 in terms of
Series 1 and R20 433 500 in terms of Series 2).
Fixed Rate Notes:
Series 1 Series 2 Series 3 Series 4 Series 5 Series 6
Interest per Note (cents per 69.04110 76.71233 92.05479 69.04110 76.71233 92.05479
Note)
Gross distributable amount
to Noteholders
Less: Administration fee of (1.91781) (1.91781) (1.91781) (1.91781) (1.91781) (1.91781)
0.25% of the initial Issue
Price (as set out in the
relevant Applicable Pricing
Supplements) per annum
inclusive of VAT to be
withheld by the Company
Net distribution amount to 67.12329 74.79452 90.13698 67.12329 74.79452 90.13698
Noteholders
Floating Rate Notes:
Series 1 Series 2
Interest per Note (cents per Note) 65.20548 65.20548
Gross distributable amount to Noteholders
Less: Administration fee of 0.25% of the initial Issue Price (as set out in the (1.91781) (1.91781)
relevant Applicable Pricing Supplements) per annum inclusive of VAT to be
withheld by the Company
Net distribution amount to Noteholders 63.28767 63.28767
The Company may issue additional Series 1, 2, 3, 4, 5 and/or 6 Fixed Rate and/or Series 1 and/or 2 Floating Rate
Notes prior to the last day to trade date.
For more information about this announcement or the Afristrat group, email
investor.relations@afristrat.ltd or visit https://wp.me/P9idbT-b.
23 February 2021
Pretoria
Sponsor
Questco Corporate Advisory (Pty) Ltd
Date: 23-02-2021 09:30:00
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