REAL PEOPLE INV HOLDINGS LIMITED - Notice to Noteholders regarding the Covenants of the Issuer - BIRP
RPS001 RP014 RP005 RPS002 201702220023A
Notice to Noteholders regarding the Covenants of the Issuer - BIRP
Real People Investment Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration No. 1999/020093/06)
Bond Issuer Code: BIRP
(“Real People” or “the Issuer”)
NOTICE TO NOTEHOLDERS REGARDING THE COVENANTS OF THE ISSUER
Real People wishes to advise bondholders that further to the SENS
announcement released on 3 February 2017 regarding the availability
of the third quarter results for the quarter ended 31 December 2016
(“the Q3 results”), the Issuer would like to highlight that the
Capital Adequacy Ratio remains above the covenant level of 30% but
below the target level of 36%. The Issuer has also disclosed in the
Q3 results that in the absence of a capital injection or a material
improvement in the trading results of the Group in the near term, a
breach of the covenant level is a strong possibility. The Q3 results
have been made available on the below link:
http://www.realpeoplegroup.co.za/index.php?nav=quarterly-reports
22 February 2017
Debt Sponsor
Rand Merchant Bank (A division of FirstRand Bank Limited)
Date: 22/02/2017 11:30:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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