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IDWALA INDUSTRIAL HOLDINGS PTY LTD - Notice request for written consent of noteholders in accordance with condition 19.3 of the terms and conditions

Release Date: 29/10/2012 16:56
Code(s): IDW001 IDW002     PDF:  
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Notice request for written consent of noteholders in accordance with condition 19.3 of the terms and conditions

Idwala Industrial Holdings (Proprietary) Limited
(Incorporated in the Republic of South Africa)
(Registration No. 2004/003462/07) 
(Idwala or the Issuer)


NOTICE REQUEST FOR WRITTEN CONSENT OF NOTEHOLDERS IN ACCORDANCE WITH CONDITION 19.3 OF THE TERMS AND CONDITIONS


The Issuer has delivered a voluntary redemption notice (Voluntary Redemption Notice) to Noteholders in accordance with Condition 10.5 (Redemption from internally generated cashflow) of the Terms and Conditions (as defined below) on 8 October 2012 in terms of which the Issuer indicates its intention to voluntary redeem ZAR30,000,000 (Thirty Million Rand) Floating Rate Senior Secured Notes due 30 June 2016 (the Subject Amortising Notes) issued by the Issuer on the terms and conditions (the Terms and Conditions) of the Programme Memorandum prepared by the Issuer dated 18 June 2012, as completed and/or supplemented by the Applicable Pricing Supplement dated 5 July 2012 in respect of ZAR515,000,000 Floating Rate Senior Secured Notes due 30 June 2016 (the Permitted Amortising Notes) on 8 November 2012.  

For further information regarding the proposed amendments to the Terms and Conditions, refer to the Amended and Restated Applicable Pricing Supplement and Appendix B  Additional/Supplemental Terms and Conditions (Amortising Notes) which is available on Issuers website at http://www.idwala.co.za.

The complete Notice is being delivered to Strate Limited and the JSE Limited in accordance with Condition 18 (Notices) (as read with Condition 19.3) of the Terms and Conditions.

The Notes will be immobilised in the Central Depository (CSD) and settlement will take place electronically in terms of JSE Rules. 

29 October 2012

Debt Sponsor
Rand Merchant Bank (A division of FirstRand Bank Limited)

Date: 29/10/2012 04:56:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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