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MARTIUS (RF) LIMITED - Event of Default - MAR03B | MAR04B

Release Date: 17/09/2024 17:00
Code(s): MAR03B MAR04B     PDF:  
Wrap Text
Event of Default - MAR03B | MAR04B

MARTIUS (RF) LIMITED
(Incorporated in South Africa with limited liability under registration number 2015/090404/06)
("Issuer")

Date: 17 September 2024

MAR03B - ZAG000193798
MAR04B - ZAG000200957

FOLLOW UP ANNOUNCEMENT CONFIRMING THAT AN EVENT OF DEFAULT HAS OCCURRED OF ALL CLASS B
NOTES ISSUED IN RELATION TO TRANSACTION NO. 1 – BRIDGE TAXI FINANCE NO 8 ("Transaction No. 1")

1.   On 13 September 2024 a SENS announcement was released advising noteholders holding listed notes with
     stock codes MAR02B, MAR03B and MAR04B issued by the Issuer under the Programme in relation to
     Transaction No. 1 (" the Class B Notes"), of an anticipated potential Event of Default falling due today, and
     that if such default occurred, it would result in an Event of Default under the Class B Notes.
2.   Those defaults have subsequently occurred and accordingly, Condition 11.1.2 (Events of Default) of the
     terms and conditions of the Notes under the Programme in relation to Transaction No. 1 has been triggered
     and an transaction Event of Default in relation to Transaction No. 1 has occurred.
3.   In accordance with Condition 11.2 (Events of Default) of the terms and conditions of the notes under the
     Programme in relation to Transaction No. 1, following this notice to all Noteholders informing them of the
     occurrence of the Event of Default, the Security SPV will forthwith call a meeting of the Controlling Class of
     Noteholders to decide the matters as described on Condition 11.2.3, in accordance with Condition 17
     (Notices) of the terms and conditions of the notes under the Programme.
4.   A further announcement will be released with details of the meeting referred to in 3.2 above.
5.   Accordingly, noteholders and potential investors are advised to exercise caution when dealing in the
     Class B Notes.
6.   Capitalised terms and expressions used in this notice and not otherwise defined herein, shall have the
     meanings ascribed to such terms and expressions in the master programme memorandum issued by the
     Issuer in relation to the Programme dated 22 February 2022, the Applicable Issuer Supplement issued by
     the Issuer dated 22 February 2022 and the Applicable Transaction Supplement issued by the Issuer dated
     16 September 2022.


Further updates will be made following developments and as circumstances demand.


Redinc Capital Proprietary Limited
Debt Sponsor

Date: 17-09-2024 05:00:00
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