Wrap Text
New Instrument Listing
MACQUARIE SECURITIES SOUTH AFRICA PROPRIETARY LIMITED
New Financial Instrument Listing Announcement
Dated: 20 December 2012
Stock Code: MAQP1
ISIN Code: ZAE000174629
The JSE Limited has granted a listing to Macquarie Securities
South Africa Proprietary Limited under stock code “MAQP1”,
representing ZAR125,000,000 Equity Linked Floating Rate “C”
Preference Shares due 28 November 2016, under its
ZAR5,000,000,000 Debt Instrument Programme dated 17 May 2012, as
amended on 25 June 2012 and further amended and supplemented
pursuant to a Supplement dated 14 December 2012.
Following a private placement process run by the Issuer and Ora
Fund Managers Proprietary Limited, ZAR125,000,000,000 Equity
Linked Floating Rate “C” Preference Shares have been placed with
selected investors.
The minimum subscription for individual applicants acting in a
principal capacity is ZAR1,000,000
Relevant extracts of the terms of the MAQP1 “C” Preference
Shares are as follows:
Nominal amount issued: ZAR125,000,000.00
Issue Date: 21 December 2012
Issue Price: In relation to each “C”
Preference Share, ZAR10,000
Dividend Basis: Floating Rate
Scheduled “C” Preference
Share Dividend Rate: Reference Rate plus 0.85%
Reference Rate: The publicly quoted basic rate of
interest (percent, per annum,
compounded monthly in arrear and
calculated on a 365 (three
hundred and sixty-five) day year
irrespective of whether or not
the year is a leap year)) from
time to time published by The
Standard Bank of South Africa
Limited being its prime overdraft
rate as certified by any
authorized official of such bank,
whose appointment, designation or
authority need not be proved.
Reference Security: Ordinary shares issued by Exxaro
Resources Limited (registration
number 2000/011076/06)
incorporated in the Republic of
South Africa and listed on the
Johannesburg Stock Exchange.
(Share code: EXX
ISIN: ZAE000084992)
Scheduled “C” Preference
Dividend Dates In relation to each “C”
Preference Share, (a) in respect
of the first and second Scheduled
“C” Preference Dividends
following the Issue Date, the
last Business Day of March 2013
and 31 October 2013 respectively
(b) and thereafter, 30 April and
31 October of each year up to the
Applicable Redemption Date and
(c) the Applicable Redemption
Date
Final Redemption Date: 28 November 2016
Last day to trade: Up until 17h00 (South African
time) on the 5th Business Day
before the Record Date
Record Date: The Friday that occurs on, or
immediately precedes, the 5th
Business Day before the Pay Date
Pay Date: In respect of a Scheduled “C”
Preference Dividend, the relevant
“C” Preference Dividend Date
Settlement Date: 21 December 2012
Placement Agent: the Issuer and Ora Fund Managers
Proprietary Limited
The MAQP1 “C” Preference Shares will be issued for the purposes
of:
a. directly or indirectly acquiring an equity share (as defined
in section 1 of the Income Tax Act) in an operating company;
b. redeeming (or directly or indirectly acquiring) a preference
share which was issued for the purpose of directly or
indirectly acquiring an equity share in an operating company;
and/or
c. the partial or full settlement of any debt incurred for the
purpose of directly or indirectly acquiring an equity share
in an operating company or redeeming a preference share which
was issued for the purpose of directly or indirectly
acquiring an equity share in an operating company;
For purposes of this paragraph, the term “operating company” has
the meaning given to it in the proposed section 8EA set out in
the Taxation Laws Amendment Bill, 2012 published by National
Treasury on or about 25 October 2012.
MAQP1 “C” Preference Shares will be deposited in the Central
Depository (“CSD”) and settlement will take place electronically
in terms of JSE Rules.
For further information please contact:
Macquarie Securities South Africa Proprietary limited
William Phillips
Tel (021) 813 2754 Email: William.Phillips@macquarie.com
Debt Sponsor – The Standard Bank of South Africa Limited
Andrew Costa
Tel (011) 378 7008 Email: andrew.costa@standardbank.co.za
Date: 20/12/2012 02:39:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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