Notice confirming written consent of the noteholders - BIRP
Real People Investment Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration No. 1999/020093/06)
Company code: BIRP
(“the Issuer”)
NOTICE CONFIRMING WRITTEN CONSENT OF THE NOTEHOLDERS
1. We refer to the request for consent (Consent Request) dated 6
October 2017 delivered by the Issuer to each holder of Notes
(the Noteholders) issued under the Issuer’s ZAR5,000,000,000
Domestic Medium Term Note Programme (the Programme) pursuant
to the section headed “Terms and Conditions of the Notes” (the
Terms and Conditions) in the programme memorandum dated 23
February 2011 (the Programme Memorandum), in accordance with
Condition 19 (Notices) of the Terms and Conditions for the
purposes of obtaining the Noteholders’ written consent to (a)
delist the ZAR79 000 000 Senior Unsecured Floating Rate Notes
due 27 September 2019 (the RP014 Notes), (ii) the
ZAR190 000 000 Subordinated Floating Rate Notes due 16
November 2022 (the RPS001 Notes), and (iii) the ZAR25 000 000
Subordinated Floating Rate Notes due 26 April 2025 (the RPS002
Notes, which together with the RP014 Notes and the RPS001
Notes are the Notes) and (b) deregister the Programme
Memorandum from the JSE Limited and amend and restate the
Terms and Conditions of the Applicable Pricing Supplements (as
defined therein)of the relevant Notes accordingly.
2. We confirm that 100% of all Noteholders consented in favour of
the proposed amendments which will be set out in the amended
and restated Applicable Pricing Supplements of the Notes
available on request from the Issuer. Requests should be sent
to Zenelle Stofberg at Zstofberg@africafrontier.co.za.
30 October 2017
Debt Sponsor
Rand Merchant Bank Limited, a division of FirstRand Bank Limited
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