JASCO ELECTRONICS HOLDINGS LIMITED - Domestic Medium Term Note Programme
JSC 201501290018A
Domestic Medium Term Note Programme
JASCO ELECTRONICS HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration Number: 1987/003293/06)
Share Code: JSC ISIN: ZAE000003794
("Jasco" or “the group”)
DOMESTIC MEDIUM TERM NOTE PROGRAMME
Shareholders are advised that the JSE Limited has granted a
R100 million listing to Jasco on the Interest Rate Market with
effect from 30 January 2015 under its R750 million Domestic
Medium Term Note Programme dated 04 November 2013, and are
referred to the announcement released on SENS, earlier today
under stock code JAS01, containing the details of the Domestic
Medium Term Note Programme.
The audited results for the year ended 30 June 2014, released
on SENS on 17 September 2014, stated that the R90 million
preference shares owing to AfroCentric Investment Corporation
Limited (“AfroCentric”) were reclassified from long term back
into the current category, due to Jasco’s intention to redeem
or replace the preference shares on or after 31 December 2014.
The preference shares were allotted on 23 May 2008 to AfroCentric
by Jasco Cables Investments (Pty) Ltd and were indirectly secured
by the group’s investment in Malesela-Taihan Electric Cable (Pty)
Limited (“M-Tec”).
The R100 million raised with the listing will be used to redeem
the R90 million preference shares in full.
Midrand
29 January 2015
Sponsor: Grindrod Bank Limited
Date: 29/01/2015 10:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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