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THE LAND AND AGRICULTURAL DEVELOPMENT BANK OF SOUTH AFRICA - BILB-Delisting of Notes

Release Date: 09/09/2021 11:46
Wrap Text
BILB-Delisting of Notes

The Land and Agricultural Development Bank of South Africa

(JSE Code: BILB)

(“Land Bank”)


9 September 2021




NOTICE RE DELISTING OF DEBT INSTRUMENTS ISSUED BY LAND BANK UNDER THE 2010 DMTN
PROGRAMME AND 2017 DMTN PROGRAMME


1.     On 2 August 2021, the Land and Agricultural Development Bank of South Africa (the "Issuer" or “Land
       Bank”) gave notice to (i) the holders of each class of notes in issue under Land Bank’s
       ZAR10,000,000,000 domestic medium term note programme dated 18 October 2010 (the “2010 DMTN
       Programme” and those notes, the “2010 DMTN Notes” and those noteholders, the “2010 Noteholders”);
       and (ii) the holders of each class of notes in issue under Land Bank’s ZAR30,000,000,000 domestic
       medium term note programme dated 13 March 2017 (the “2017 DMTN Programme” and those notes,
       the “2017 DMTN Notes” and those noteholders, the “2017 Noteholders”) requesting approval the
       consent, of (i) 2010 Noteholders; and (ii) 2017 Noteholders, on a Note-by-Note basis, for, inter alia. the
       delisting from the Interest Rate Market of the JSE of, on a Note-by-Note basis, all the 2010 Notes and all
       the 2017 Notes.

2.     On 1 September 2021, Land Bank released a SENS announcement with the results of the extraordinary
       written resolution, stating that the 2010 Noteholder and the 2017 Noteholders voted, inter alia, in favour
       of the proposed delisting on a Note-by-Note basis of the 2010 Notes and all the 2017 Notes.


3.     Land Bank hereby gives notice to the 2010 Noteholders and the 2017 Noteholders, that following the
       approval by the relevant noteholders and the JSE, that:


       3.1.     it has delisted the following notes issued under the 2010 DMTN Programme:


                Bond Code and ISIN of notes delisted


        1.      LBK15 Notes (ZAG000139890)


                and


       3.2.     it has delisted the following notes issued under the 2017 DMTN Programme:


                Bond Code and ISIN of notes delisted


        1.      LBK20 (ZAG00014462)
                                                                                                     2


        2.     LBK24 (ZAG000147364)


        3.     LBK28 (ZAG000151275)


        4.     LBK29 (ZAG000151853)


        5.     LBK18 (ZAG000142795)


        6.     LBK23 (ZAG000146325)


        7.     LBK27 (ZAG000150335)


        8.     LBK30 (ZAG000154196)


        9.     LBK31 (ZAG000154204)


        10.    LBK32 (ZAG000155243)


        11.    LBK33 (ZAG000155953)


        12.    LBK35 (ZAG000158064)


        13.    LBK37 (ZAG000160540)


        14.    LBK38 (ZAG000166240)


        15.    LBK22 (ZAG000146317)


        16.    LBK26 (ZAG000150327)


        17.    LBK36 (ZAG000160532)




4.     The notes referred to in paragraph 3 above are hereby unlisted, effective 9 September 2021.


5.     Bonds codes and ISINs will remain unchanged.


6.     There are therefore no notes remaining as listed under the 2010 DMTN Programme, nor under the 2017
       DMTN Programme.




Enquiries
                                                                                                   3


Land and Agricultural Development Bank of South Africa


Ayanda Kanana, Chief Executive Officer


Khensani Mukhari, Chief Financial Officer


Rebecca Phalatse, General Manager: Marketing and Communications – Tel: 074 159 6833


Dorothy Kobe, General Manager: Treasury- email address: DKobe@landbank.co.za



Debt Sponsor

The Standard Bank of South Africa Limited, acting through its Corporate and Investment Banking division
(registration number: 1962/000738/06)

Contacts: Ms Natalie Di-Sante

Email: Natalie.di-sante@standardbank.co.za


Tel: +27 (0) 11 721 6125



End

Date: 09-09-2021 11:46:00
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