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BIHLEB - Finalisation announcement in relation to partial capital reduction in the nominal value of the bonds
Brait Investment Holdings Limited
(Registered in Mauritius as a Public Limited Company)
(Registration number: 183308 GBC)
JSE Alpha code: BIHLEB
ISIN: MU0707E00002
LEI: 8755004E9YEXF8GHCY56
("BIH" or the "Issuer")
FINALISATION ANNOUNCEMENT IN RESPECT OF THE PARTIAL CAPITAL REDUCTION IN THE
NOMINAL VALUE OF THE EXCHANGEABLE BONDS
BIH Bondholders ("Bondholders") are referred to the announcement released on the Stock Exchange
News Service ("SENS") of the JSE Limited ("JSE") as well as the Stock Exchange of Mauritius ("SEM")
on Tuesday, 16 July 2024 relating to the partial capital reduction of the R3 000 000 000 5% Senior
Unsecured Exchangeable Bonds with a principal amount of R1 000 each due 2024, issued pursuant to
the Prospectus dated 23 November 2021 (the "Exchangeable Bonds") by way of a reduction in the
nominal value of each Exchangeable Bond from R1000 each to R750 each, together with accrued but
unpaid interest and advised of the final details regarding the reduction:
JSE Alpha code: BIHLEB
ISIN: MU0707E00002
Current nominal value: R1 000 each
Reduction in nominal value: R250 each
Nominal value after the reduction: R750 each
Number of bonds: 2 998 604 bonds
Number of bonds after the nominal value reduction: 2 998 604 bonds
Nominal value payment amount: R250 per bond, plus accrued but unpaid
interest
Coupon: 5%
Interest amount per bond: R2.16
Total interest amount due: R6,476,984.64
Interest period: 3 June 2024 (included) to 5 August 2024
(excluded)
Date Convention: Modified following business day
SALIENT DATES OF THE REDUCTION IN NOMINAL VALUE
The Issuer wishes to remind Bondholders of the salient dates surrounding the reduction in the nominal
value and the accrued and unpaid interest are as follows:
Events 2024
Declaration date Tuesday, 16 July
Finalisation date Tuesday, 23 July
Last day to trade Tuesday, 30 July
Ex-date Wednesday, 31 July
Record date Friday, 02 August
Partial capital reduction of the nominal value of the Exchangeable Bond and
Monday, 05 August
payment of accrued but unpaid interest
Port Louis, Mauritius
23 July 2024
The Issuer is a wholly owned subsidiary of Brait P.L.C., an investment holding company. BIH's Bonds
are dual listed on the Main Board of the exchange operated by the JSE as well as the
Official Market of SEM.
JSE Debt sponsor:
Rand Merchant Bank (a division of FirstRand Bank Limited)
SEM Authorised Representative and Sponsor:
Perigeum Capital Ltd
Date: 23-07-2024 11:00:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
