ENX CORPORATION LIMITED - ENX04 - Results of Written Resolution and Amendments to the Terms and Conditions of the ENX04 Notes

ENX04 - Results of Written Resolution and Amendments to the Terms and Conditions of the ENX04 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: ENX04
ISIN: ZAG000157223
(“enX” or “the Issuer”)

RESULTS OF WRITTEN RESOLUTION AND AMENDMENTS TO THE TERMS AND CONDITIONS OF THE ENX04 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 ENX04 (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 Issuer shall be entitled, having given not less than 3 Business Days’ notice to the Noteholders (in the manner set out in Condition 16), the Central Depository
        and the JSE, to extend the Final Redemption Date for a period of 2 years from 1 May 2020 to 1 May 2022.
   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 Early Redemption 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 date of 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:
        1.2.3. the occurrence of the Disposal Event;
        1.2.4. the Early Redemption Date; and
        1.2.5. 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 ENX04 (the
Notes), issued by enX under its R4,000,000,000 Domestic Medium Term Note Programme, as follows:

Extraordinary          Total nominal             ENX04 debt securities   ENX04 debt securities   Votes abstained as a  Votes carried for      Votes against
Written Resolution     amount of ENX04           voted on disclosed as   voted disclosed as a    percentage            resolution as a        resolution as a
                       debt securities           a number                percentage                                    percentage             percentage
1                      ZAR 225 000 000.00        ZAR 225 000 000.00                       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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