JSE Sens
Notification of the voting results in respect of the request for written consent of noteholders - CGRI
2021/05/04 14:02:00Download PDF Stock report
Notification of the voting results in respect of the request for written consent of noteholders - CGRI CALGRO M3 DEVELOPMENTS LIMITED (Incorporated in the Republic of South Africa) Registration Number: 1996/017246/06 JSE Alpha code: CGRI (Calgro M3 Developments or the Existing Issuer) NOTIFICATION OF THE VOTING RESULTS IN RESPECT OF THE REQUEST FOR WRITTEN CONSENT OF NOTEHOLDERS Unless otherwise defined herein, capitalised terms shall have the same meaning as set forth in the Consent Request (as defined below). Noteholders are referred to the notice of request for written consent released on SENS on 30 March 2021 (the Consent Request), in which the Extraordinary Resolutions set out below were proposed: • Extraordinary Resolution No. 1: THAT the Noteholders consent to: 1.1. the substitution of the Existing Issuer with the Existing Guarantor as the New Issuer such that the Existing Guarantor (as New Issuer), assumes all rights and obligations of the Existing Issuer pursuant to the Terms and Conditions of the Programme; and 1.2. the substitution of the Existing Guarantor with the Existing Issuer as the New Guarantor, such that the Existing Issuer, as the New Guarantor, assumes all rights and obligations of the Existing Guarantor pursuant to the Noteholders Guarantee, and will then irrevocably and unconditionally guarantee to the Noteholders the due and punctual payment by the New Issuer of all amounts now owing by the New Issuer in respect of the Outstanding Notes issued under the Programme before, on and after the Programme Date. • Extraordinary Resolution No. 2: THAT the Noteholders consent to the amendment and restatement of the Programme Memorandum (including the Terms and Conditions and the form of the Guarantee) to give effect to the proposed changes. • Extraordinary Resolution No. 3: THAT the Noteholders consent to the amendment and restatement of the each of the existing applicable pricing supplements relating to the each of the Notes) to give effect to the proposed changes. • Extraordinary Resolution No. 4: THAT the New Issuer and the New Guarantor be authorised to enter into any documentation or to take necessary steps to give effect to the consent specified in Extraordinary Resolutions No.1 to No.3 above. In this regard, the Existing Issuer confirms the voting results from the Consent Request in relation to the total nominal amount of those classes of debt securities that were affected by the amendments are as follows: Bond Code Extraordinary Debt Debt Voted Votes Votes Resolution securities securities carried for against the abstained as voted as a voted the resolution as a Rand value disclosed as resolution as a percentage a a percentage percentage percentage CGR42 1 45,000,000.00 100 0 100 0 2 45,000,000.00 100 0 100 0 3 45,000,000.00 100 0 100 0 4 45,000,000.00 100 0 100 0 CGR43 1 10,000,000.00 0 0 0 0 2 10,000,000.00 0 0 0 0 3 10,000,000.00 0 0 0 0 4 10,000,000.00 0 0 0 0 CGR45 1 20,000,000.00 100 0 100 0 2 20,000,000.00 100 0 100 0 3 20,000,000.00 100 0 100 0 4 20,000,000.00 100 0 100 0 CGR46 1 40,000,000.00 100 100 0 0 2 40,000,000.00 100 100 0 0 3 40,000,000.00 100 100 0 0 4 40,000,000.00 100 100 0 0 CGR47 1 60,000,000.00 100 100 0 0 2 60,000,000.00 100 100 0 0 3 60,000,000.00 100 100 0 0 4 60,000,000.00 100 100 0 0 CGR48U 1 23,000,000.00 46 100 0 54 2 23,000,000.00 46 100 0 54 3 23,000,000.00 46 100 0 54 4 23,000,000.00 46 100 0 54 CGR49U 1 50,000,000.00 100 100 0 0 2 50,000,000.00 100 100 0 0 3 50,000,000.00 100 100 0 0 4 50,000,000.00 100 100 0 0 CGR50 1 33,000,000.00 100 100 0 0 2 33,000,000.00 100 100 0 0 3 33,000,000.00 100 100 0 0 4 33,000,000.00 100 100 0 0 CGR51 1 48,000,000.00 100 100 0 0 2 48,000,000.00 100 100 0 0 3 48,000,000.00 100 100 0 0 4 48,000,000.00 100 100 0 0 Following the above voting results, the requisite majority of 66.67% was obtained. 4 May 2021 Debt Sponsor Nedbank Corporate and Investment Banking, a division of Nedbank Limited Date: 04-05-2021 02:02:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.