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
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.