ENX CORPORATION LIMITED - ENX06 - Results of Written Resolution and Amendments to the Terms and Conditions of the ENX06 Notes

ENX06 - Results of Written Resolution and Amendments to the Terms and Conditions of the ENX06 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: ENX06
ISIN: ZAG000160250
(“enX” or “the Issuer”)

RESULTS OF WRITTEN RESOLUTION AND AMENDMENTS TO THE TERMS AND CONDITIONS OF THE ENX06 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 ENX06 (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 Call Date means:
        1.1.1. the first Business Day of the month after the occurrence of the Disposal Event; or
        1.1.2. if the Disposal Event occurs less than 3 Business Days before such first Business Day of the month, then the Call Date means the first Business Day of the
               second month after the occurrence of the Disposal Event;

    1.2. the Early Redemption Date means:
         1.2.1. the first Business Day of the month after the occurrence of the Disposal Event; or
         1.2.2. if the Disposal Event occurs less than 3 Business Days before such first Business Day of the month, then the Call Date means the first Business Day of the
                second month after the occurrence of the Disposal Event;

    1.3. the Issuer will, at least 3 Business Days before the Call Date or Early Redemption Date, as the case may be, give notice to the Noteholders (in the manner set
         out in Condition 16), the Central Securities Depository and the JSE, of:
         1.3.1. the occurrence of the Disposal Event;
         1.3.2. the Call Date or Early Redemption Date, as the case may be; and
         1.3.3. the Outstanding Principal Amount (which is to be paid in full).

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 ENX06 (the
Notes), issued by enX under its R4,000,000,000 Domestic Medium Term Note Programme, as follows:

Extraordinary          Total nominal       ENX06 debt securities  ENX06 debt securities  Votes abstained as a   Votes carried for      Votes against
Written Resolution     amount of ENX06     voted on disclosed as  voted disclosed as a   percentage             resolution as a        resolution as a
                       debt securities     a number               percentage                                    percentage             percentage
1                      ZAR 100 000 000.00  ZAR 100 000 000.00                      100%                     0%               100%                   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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