NQABA FINANCE 1 (RF) LIMITED - Results of Noteholder Meeting - NQA

Results of Noteholder Meeting - NQA

NQABA FINANCE 1 SECURITY SPV (RF) PROPRIETARY LIMITED
Registration Number 2005/036141/07 (the "the Security SPV")

Bond Code                                 ISIN
NQ1A10                                    ZAG000077686
NQ1A24                                    ZAG000143991
NQ1A25                                    ZAG000144007
NQIA27                                    ZAG000151531
NQIA28                                    ZAG000159583
NQ1B10                                    ZAG000077702
NQ1B17                                    ZAG000126467
NQ1B20                                    ZAG000151549
NQ1B21                                    ZAG000159591
NQ1C10                                    ZAG000077694
NQ1C17                                    ZAG000126459
NQF1D5                                    ZAG000077678

RESULTS OF NOTEHOLDER MEETING HELD ON 13 DECEMBER 2019

Noteholders are advised that at the meeting of noteholders (“Noteholders’ Meeting”) held today,
13 December 2019, other than Extraordinary Resolution 2, all of the resolutions as set out in the notice of
Noteholders’ Meeting were passed by the requisite majority of votes of noteholders present in person or
represented by proxy.

The voting results were as follows:

                                TOTAL SHARES VOTED                                SHARES         SHARES
                                                                                  ABSTAINED      NOT
                                                                                                 VOTED
                                FOR      AGAINST     NUMBER              %        %              %
RESOLUTION                      (%)      (%)
                                
EXTRAORDINARY                   100%     0%          ZAR642,254,700     39%       46%            15%
RESOLUTION 1 – AMENDING
THE DEFINTION OF “EARLY
AMORTISATION EVENT” AT
SUB-PARAGRAPH 1.80.5 OF
THE PROGRAMME
MEMORANDUM

                                
EXTRAORDINARY                   52%      48%         ZAR642,254,700     39%       46%            15%
RESOLUTION 2 -
AMENDING THE DEFINTION
OF “EARLY AMORTISATION
EVENT” AT SUB-PARAGRAPH
1.80.8 OF THE PROGRAMME
MEMORANDUM RELATING
TO THE RATING OF ESKOM

                                
EXTRAORDINARY                   100%     0%          ZAR642,254,700     39%       46%            15%
RESOLUTION 3 -
AMENDING THE DEFINTION
OF “EARLY AMORTISATION
EVENT” BY ADDING A NEW
SUB-PARAGRAPH 1.80.9 OF
THE PROGRAMME
MEMORANDUM

                                
EXTRAORDINARY                   100%     0%          ZAR642,254,700     39%       46%            15%
RESOLUTION 4 –
AMENDMENT TO THE
INTEREST RATE APPLICABLE
TO THE SUBORDINATED
LOANS

                              
EXTRAORDINARY                   100%     0%          ZAR642,254,700     39%       46%            15%
RESOLUTION 5 -
ADDITIONAL CONDITION IN
RELATION TO AMENDMENTS
TO THE ELGIBILITY CRITERIA

                              
EXTRAORDINARY                   100%     0%          ZAR642,254,700      39%       46%            15%
RESOLUTION 6 – EFFECTIVE
DATE OF THE AMENDMENTS

                              
EXTRAORDINARY                   100%     0%          ZAR642,254,700      39%       46%            15%
RESOLUTION 7 – WAIVER OF
THE CONTINUING
POTENTIAL EVENT OF
DEFAULT


13 December 2019

Debt Sponsor
Absa Corporate and Investment Bank, a division of Absa Bank Limited

Date: 13-12-2019 04:15:00
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.