LOMBARD INSURANCE COMPANY LIMITED - LOM01 - Notification of a Partial Capital Reduction of Listed Debt Securities
LOM01 201901310037A
LOM01 - Notification of a Partial Capital Reduction of Listed Debt Securities
Lombard Insurance Company Limited
(Incorporated in the Republic of South Africa)
(Registration number 1990/001253/06)
Company code: LIC
Bond Code: LOM01
ISIN: ZAG000121609
("Lombard")
NOTIFICATION OF A PARTIAL CAPITAL REDUCTION OF LISTED DEBT SECURITIES
In accordance with the Terms and Conditions of Lombard's ZAR 1 000 000 000.00 Unsecured Subordinated
Note Programme dated 17 November 2014, bondholders are herewith advised of the partial capital
reduction of the LOM01 notes, due to a repurchase of the listed debt securities by the Issuer.
Bond Code: LOM01
ISIN: ZAG000121609
Amount before Reduction: ZAR 200 000 000.00
Reduction Amount: ZAR 100 000 000.00
Amount after Reduction: ZAR 100 000 000.00
Date Repurchase Settled / Pay Date: 30 January 2019
Amount Paid Inclusive of Accrued Interest: ZAR 103 470 158.00
Interest Amount Paid: ZAR 2 120 603.00
Coupon: 11.908%
Interest period: 26 Nov 2018 to 30 Jan 2019
The effective date of the cancellation of the LOM01 notes is 1 February 2019.
31 January 2019
Debt Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
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