| Wed 31 Jul 2019, 12:54 | | SUPERDRIVE INVESTMENTS (RF) LIMITED - BISPDR-Notification of Voting Results in Respect of the Request for the Consent of Noteholders |
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SPDA10 SPDA11 SPDA12 SPDA6 SPDA7 SPDA8 SPDA9 201907310042A
BISPDR-Notification of Voting Results in Respect of the Request for the Consent of Noteholders
SUPERDRIVE INVESTMENTS (RF) LIMITED
(Registration Number 2011/000895/06)
(the "Issuer")
General Issuer Code: BISPDR
Instrument Code: SPDA6 ISIN Code: ZAG000118704
Instrument Code: SPDA7 ISIN Code: ZAG000135807
Instrument Code: SPDA8 ISIN Code: ZAG000135872
Instrument Code: SPDA9 ISIN Code: ZAG000138892
Instrument Code: SPDA10 ISIN Code: ZAG000138900
Instrument Code: SPDA11 ISIN Code: ZAG000145939
Instrument Code: SPDA12 ISIN Code: ZAG000145947
Notification of Voting Results in Respect of the Request for the Consent of Noteholders
Pursuant to the notice of noteholders meeting dated 5th July 2019 as well as the noteholders meeting which took place on 29th July 2019, noteholders are hereby advised
that there was a quorum representing a clear majority of note holders and that all the proposed resolutions were passed by the requisite majority by proxy, effective on 29
July 2019. Please see below voting results thereto:
Breakdown of all notes in percentage:
Holdings For Against Abstain Total Participation % For % Against
All Notes
Special Resolution 1: 4 973 000 000 3 560 570 000 134 350 000 0 3 694 920 000 74,300% 96,364% 3,636%
Amendments to the definition of
"Early Amortisation Events",
under the section of the
Programme Memorandum
entitled "Interpretation" and
under the section of the
Programme Memorandum
entitled "Summary Information
Special Resolution 2: (i) 4 973 000 000 3 686 920 000 8 000 000 0 3 694 920 000 74,300% 99,783% 0,217%
Amendment of Condition 1.2.8.3
of the Terms and Conditions, (ii)
Amendment of Condition 6.1.14
of the Terms and Conditions and
(iii) Amendment to the paragraph
entitled "Hedging Arrangements",
under the section of the
Programme Memorandum
headed "Transaction Summary"
Special Resolution 3: Inclusion of 4 973 000 000 3 180 170 000 514 750 000 0 3 694 920 000 74,300% 86,069% 13,931%
an Additional Issuer Undertaking
in the Terms and Conditions
Special Resolution 4: Amendment 4 973 000 000 3 478 920 000 216 000 000 0 3 694 920 000 74,300% 94,154% 5,846%
to the "Eligibility Criteria For
Classification of Participating
Assets", as described in the
section of the Programme
Memorandum entitled
"Description of Portfolio of
Participating Assets"
Special Resolution 5: Amendment 4 973 000 000 3 290 520 000 404 400 000 0 3 694 920 000 74,300% 89,055% 10,945%
to "The Portfolio Covenants in
relation to Participating Assets",
as described in the section of the
Programme Memorandum
entitled "Description of Portfolio
of Participating Assets"
Special Resolution 6: Amendment 4 973 000 000 3 682 920 000 12 000 000 0 3 694 920 000 74,300% 99,675% 0,325%
of the Programme Memorandum
Breakdown of voting results per note:
Holdings For Against Abstain Total
SPDA9 633 000 000
Special Resolution 1 499 200 000 8 000 000 - 507 200 000
Special Resolution 2 499 200 000 8 000 000 507 200 000
Special Resolution 3 499 200 000 8 000 000 507 200 000
Special Resolution 4 491 200 000 16 000 000 507 200 000
Special Resolution 5 491 200 000 16 000 000 507 200 000
Special Resolution 6 499 200 000 8 000 000 507 200 000
SPDA8 910 000 000
Special Resolution 1 664 600 000 15 000 000 - 679 600 000
Special Resolution 2 679 600 000 - 679 600 000
Special Resolution 3 664 600 000 15 000 000 679 600 000
Special Resolution 4 679 600 000 - 679 600 000
Special Resolution 5 679 600 000 - 679 600 000
Special Resolution 6 679 600 000 - 679 600 000
SPDA7 299 000 000
Special Resolution 1 271 770 000 350 000 - 272 120 000
Special Resolution 2 272 120 000 - 272 120 000
Special Resolution 3 271 770 000 350 000 272 120 000
Special Resolution 4 272 120 000 - 272 120 000
Special Resolution 5 272 120 000 - 272 120 000
Special Resolution 6 272 120 000 - 272 120 000
SPDA6 518 000 000
Special Resolution 1 411 000 000 7 000 000 - 418 000 000
Special Resolution 2 418 000 000 - 418 000 000
Special Resolution 3 411 000 000 7 000 000 418 000 000
Special Resolution 4 418 000 000 - 418 000 000
Special Resolution 5 418 000 000 - 418 000 000
Special Resolution 6 418 000 000 - 418 000 000
SPDA12 1 019 000 000
Special Resolution 1 507 000 000 104 000 000 - 611 000 000
Special Resolution 2 611 000 000 - 611 000 000
Special Resolution 3 511 000 000 100 000 000 611 000 000
Special Resolution 4 611 000 000 - 611 000 000
Special Resolution 5 607 000 000 4 000 000 611 000 000
Special Resolution 6 607 000 000 4 000 000 611 000 000
SPDA11 994 000 000
Special Resolution 1 682 000 000 - - 682 000 000
Special Resolution 2 682 000 000 - 682 000 000
Special Resolution 3 297 600 000 384 400 000 682 000 000
Special Resolution 4 682 000 000 - 682 000 000
Special Resolution 5 297 600 000 384 400 000 682 000 000
Special Resolution 6 682 000 000 - 682 000 000
SPDA10 600 000 000
Special Resolution 1 525 000 000 - - 525 000 000
Special Resolution 2 525 000 000 - 525 000 000
Special Resolution 3 525 000 000 - 525 000 000
Special Resolution 4 325 000 000 200 000 000 525 000 000
Special Resolution 5 525 000 000 - 525 000 000
Special Resolution 6 525 000 000 - 525 000 000
A SENS with a link to the Issuer's amended Programme Memorandum will be released as soon as executed.
Johannesburg
31 July 2019
Transactional Debt Sponsor
The Standard Bank of South Africa Limited, acting through its Corporate and Investment Banking division
Debt Sponsor
Merchantec Proprietary Limited
Date: 31/07/2019 12:54:00
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