ENX CORPORATION LIMITED - EQS10 - Results of Written Resolution and Amendments to the Terms and Conditions of the EQS10 Notes

EQS10 - Results of Written Resolution and Amendments to the Terms and Conditions of the EQS10 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: EQS10
ISIN: ZAG000145699
(“enX” or “the Issuer”)

RESULTS OF WRITTEN RESOLUTION AND AMENDMENTS TO THE TERMS AND CONDITIONS OF THE EQS10 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 EQS10 (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 Outstanding Principal Amount (which is to be redeemed 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 EQS10 (the
Notes), issued by enX under its R4,000,000,000 Domestic Medium Term Note Programme, as follows:

Extraordinary Written    Total nominal      EQS10 debt securities   EQS10 debt securities   Votes abstained as a  Votes carried for      Votes against
Resolution               amount of EQS10    voted on disclosed as   voted disclosed as a    percentage            resolution as a        resolution as a
                         debt securities    a number                percentage                                    percentage             percentage
1                        ZAR 70 000 000.00  ZAR 70 000 000.00                        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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