Wrap Text
EQS06 - Notification of the Voting Results in respect of the EQS06 Noteholders Meeting
enX Corporation Limited
(Previously Eqstra Corporation Limited)
(Incorporated in the Republic of South Africa)
(Registration No. 1984/007045/06)
Company code: BIEQS1
Bond Code: EQS06
ISIN: ZAG000104449
(“enX” or “the Issuer”)
NOTIFICATION OF THE VOTING RESULTS IN RESPECT OF THE EQS06 NOTEHOLDERS MEETING
Noteholders are referred to the notice of meeting released on SENS on 27 November 2019, the meeting of which was held today, Friday, 20 December 2019 at 11h30 at
the offices of enX Corporation Limited, 11 Gross Street, Tunney Industrial Estate, Elandsfontein (“the Noteholders Meeting”) at which the Extraordinary Resolution set
out below was considered.
1. EXTRAORDINARY RESOLUTION NUMBER 1 OF THE NOTEHOLDERS OF THE OUTSTANDING NOTES HELD UNDER STOCK CODE EQS06 (THE NOTEHOLDERS)
Pursuant to Condition 17.2 of the Terms and Conditions, with effect from the Effective Date, the Noteholders approve:
1.1 that the following additional provision be added to the terms and conditions of the Notes under “Other provisions”, to provide for the early redemption of
the Notes at the option of the Issuer:
1.1.1 The Issuer shall be entitled, having given not less than 5 Business Days' notice to the Noteholders in accordance with Condition 16 (which notice shall be
irrevocable), to redeem all the Notes then outstanding, in whole, on any Business Day after 9 January 2020, at the Optional Redemption Amount(s)
calculated as specified below. No accrued unpaid interest will be payable in addition to the Optional Redemption Amount.
1.1.2 The Optional Redemption Amount means the present value of the Maturity Amount, discounted at the Interpolated Screen Rate for the Remaining
Period.
For the purpose of this calculation:
the Maturity Amount means the Outstanding Principal Amount of the Notes plus the Interest Amount that would have been payable at
maturity of the Notes on 9 April 2020;
the Interpolated Screen Rate means the rate (rounded to the same number of decimal places as the two relevant screen rates for ZAR-JIBAR-
SAFEX (the Screen Rate) which results from interpolating on a linear basis between (i) the Screen Rate for the longest period (for which the
Screen Rate is available) which is less than the Remaining Period; and (ii) the Screen Rate for the shortest period (for which the Screen Rate is
available) which exceeds the Remaining Period, each as of 11h00 on the first day of the Remaining Period;
the Remaining Period means period from (and including) the date of early redemption to (but excluding) 9 April 2020.
1.1.3 The Optional Redemption Amount will be calculated by the Calculation Agent.
1.1.4 The Issuer will, at least 5 Business Days before the Optional Redemption Date, cause the Optional Redemption Amount (together with the supporting
calculation from the Calculation Agent) to be notified to the Noteholders (in the manner set out in Condition 16), the Issuer, the Central Securities
Depository and JSE.
In this regard, enX confirms the voting results from the Noteholders Meeting in relation to the total outstanding notes held under stock code EQS06, issued by enX
Corporation Limited under its R4,000,000,000 Domestic Medium Term Note Programme, as follows:
Extraordinary Resolution Debt securities voted in Debt securities voted in Votes abstained as a Votes carried for Votes against resolution
person or by proxy person or by proxy percentage resolution as a as a percentage of the
disclosed as a number disclosed as a percentage percentage of the total total number of votes at
number of votes at the the Noteholders Meeting
Noteholders Meeting
1 53,606,565 54.446% 0.000% 96.083% 3.917%
The total outstanding notes held under stock code EQS06 is 98,457,467. The Issuer confirms the Effective Date of the changes is today, Friday, 20 December 2019.
20 December 2019
Debt Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 20-12-2019 02:30:00
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.
Sharenet Sites 
