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Notice to holders of Exchangeable Bonds of satisfaction of the shareholder approval condition & first Exchange Date
BRAIT INVESTMENT HOLDINGS LIMITED
(formerly, Brait Malta Limited)
(Incorporated in Mauritius)
(Registration No. 183308 GBC)
LEI: 8755004E9YEXF8GHCY56
ISIN: MU0707E00002
JSE Alpha Code: BIHLEB
Bond CFI: DCFUCR
Bond FISN: BRAIT/5.00 FXD BD 20241203
(the “Company”)
THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED
AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY,
IN WHOLE OR IN PART, TO US PERSONS OR IN OR INTO THE UNITED STATES,
AUSTRALIA, CANADA, JAPAN OR ANY OTHER STATE OR JURISDICTION IN WHICH SUCH
RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL.
THIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND IS NOT AN OFFER
OF SECURITIES IN ANY JURISDICTION.
BRAIT INVESTMENT HOLDINGS LIMITED ISSUE OF ZAR3,000,000,000 5.00%
SENIOR UNSECURED EXCHANGEABLE BONDS DUE 2024 – NOTICE TO
HOLDERS OF THE EXCHANGEABLE BONDS OF THE SATISFACTION OF THE
SHAREHOLDER APPROVAL CONDITION AND FIRST EXCHANGE DATE
The Company’s sole shareholder, Brait PLC (“Brait”), has today announced on the Stock Exchange
News Service of the JSE Limited (“JSE”), published on the website of the Luxembourg Stock
Exchange and on the Official Market of the Stock Exchange of Mauritius that, at the extraordinary
general meeting of its shareholders (the “Brait Shareholders”) held at Labourdonnais Waterfront
Hotel, Caudan Waterfront, Port Louis, Mauritius at 10:00 MUT today, Wednesday, 22 December
2021 (the “EGM”), the Brait Shareholders passed an ordinary resolution granting the directors of
Brait the requisite authority to allot and issue Ordinary Shares, or grant rights or options to subscribe
for or exchange into such number of Ordinary Shares, in connection with the Rights Offer and the
grant of Exchange Rights and their exercise by the holders of the ZAR3,000,000,000 5.00% senior
unsecured exchangeable bonds due 2024, issued by the Company (the “Exchangeable Bonds”).
Accordingly, pursuant to the terms and conditions of the Exchangeable Bonds as set out in the
Prospectus published by the Company on 29 November 2021 (the “Terms and Conditions”), the
Company today announces that following the passing of the Brait Shareholder Resolution, (i) the
Shareholder Approval Condition is satisfied; and (ii) subject to the Terms and Conditions, the
Exchange Right in respect of an Exchangeable Bond may be exercised at the option of a holder
thereof, subject to any fiscal or other laws or regulations, at any time from (and including) 31 January
2022 (the “First Exchange Date”) to, and including, the Exchange Deadline.
Terms used but not otherwise defined herein have the meanings given to them in the Terms and
Conditions.
22 December 2021
For further information please contact: invest@brait.com
BIH’s Exchangeable Bonds are listed on the exchange operated by the JSE.
Debt Sponsor
Rand Merchant Bank (a division of FirstRand Bank Limited)
Date: 22-12-2021 09:40:00
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