LIC - Notification of the voting results in respect of the request for written consent of noteholders
LIC - Notification of the voting results in respect of the request for written consent of noteholders
Lombard Insurance Company Limited
(Incorporated in the Republic of South Africa)
(Registration number 1990/001253/06)
Company code: LIC
(“Lombard” or the “Issuer”)
NOTIFICATION OF THE VOTING RESULTS IN RESPECT OF THE REQUEST FOR WRITTEN CONSENT OF
NOTEHOLDERS
Noteholders are referred to the notice of request for written consent released on SENS on 25 May 2021 (the
“Consent Request”), in which the Extraordinary Resolutions set out below were proposed:
- Extraordinary Resolution No. 1:
THAT the Noteholders consent to the delisting and the subsequent amendment and restatement of the
each of the existing applicable pricing supplements relating to the each of the notes to give effect to the
delisting.
- Extraordinary Resolution No. 2:
THAT, subject to the consent of the noteholders pursuant to Extraordinary Resolution No. 1 above, the
noteholders consent to the deregistration of the programme memorandum from the JSE and the
subsequent amendment and restatement of the programme memorandum (including the terms and
conditions) to reflect the deregistration.
- Extraordinary Resolution No. 3:
THAT the Issuer be authorised to enter into any documentation or to take any necessary steps to give
effect to the consents specified in Extraordinary Resolutions No.1 and No.2 above.
In this regard, the Issuer confirms the voting results from the Consent Request, in relation to the total nominal
amount of all debt securities in issue, as follows:
Extraordinary Debt securities Debt securities Votes Votes carried Votes against
Resolution voted as a Rand voted disclosed abstained as a for the the
value as a percentage percentage resolution as a resolution as
percentage a percentage
1 R 296 800 000.00 98.93% 0.00% 98.93% 0.00%
2 R 296 800 000.00 98.93% 0.00% 98.93% 0.00%
3 R 296 800 000.00 98.93% 0.00% 98.93% 0.00%
The extraordinary resolutions have therefore been passed by the requisite number of noteholders. Further
information on the delisting date of the notes will be provided in due course.
25 June 2021
Debt Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 25-06-2021 08:00:00
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