ENX CORPORATION LIMITED - ENX01S - Results of Written Resolution and Amendments to the Terms and Conditions of the ENX01S Notes

ENX01S - Results of Written Resolution and Amendments to the Terms and Conditions of the ENX01S Notes

enX Corporation Limited
(Previously Eqstra Corporation Limited)
(Incorporated in the Republic of South Africa)
(Registration No. 1984/007045/06)
Company code: BIEQS1
Bond Code: ENX01S
ISIN: ZAG000150715
(“enX” or “the Issuer”)

RESULTS OF WRITTEN RESOLUTION AND AMENDMENTS TO THE TERMS AND CONDITIONS OF THE ENX01S NOTES

enX wishes to advise noteholders of the following Extraordinary Written Resolution which has been considered by the noteholders of the outstanding notes held under
stock code ENX01S (the Noteholders) on 19 March 2020 (the Effective Date).

Extraordinary Written Resolution Number 1 of the Noteholders

1. With effect from the Effective Date, and notwithstanding any terms of the Notes to the contrary, the Noteholders approve the following:
   1.1. the Early Redemption Date means:
        1.1.1. the first Interest Payment Date after the occurrence of the Disposal Event; or
        1.1.2. if the Disposal Event occurs less than 3 Business Days before such first Interest Payment Date, then the Early Redemption Date means the second
               Interest Payment Date after the Disposal Event;

    1.2. the Issuer will, at least 3 Business Days before the Early Redemption Date, give notice to the Noteholders (in the manner set out in Condition 16), the Central
         Securities Depository and the JSE, of:
         1.2.1. the occurrence of the Disposal Event;
         1.2.2. the Early Redemption Date; and
         1.2.3. the Early Redemption Amount (together with the supporting calculation from the Calculation Agent).

In this regard, the Issuer confirms the voting results of the extraordinary written resolution in relation to the total outstanding notes held under stock code ENX01S (the
Notes), issued by enX under its R4,000,000,000 Domestic Medium Term Note Programme, as follows:

Extraordinary          Total nominal        ENX01S debt                 ENX01S debt                Votes abstained as a    Votes carried for        Votes against
Written Resolution     amount of ENX01S     securities voted on         securities voted           percentage              resolution as a          resolution as a
                       debt securities      disclosed as a              disclosed as a                                     percentage               percentage
                                            number                      percentage
1                      ZAR 102 000 000.00   ZAR 90 000 000.00                      88,2%                              0%               88,2%                     0%

The Issuer confirms that the supplements to give effect to the above amendments to the terms and conditions of the Notes are available at
https://www.enxgroup.co.za/dmtn-programme/.



26 March 2020

Debt Sponsor
RAND MERCHANT BANK
(A division of FirstRand Bank Limited)
Think Precinct, 1 Merchant Place
Cnr Fredman Drive & Rivonia Road
Sandton 2196, South Africa
P O Box 786273, Sandton, 2146, South Africa
20 December 2019

Date: 26-03-2020 10:00:00
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