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BNP PARIBAS ARBITRAGE ISSUANCE B.V.. - Notice of Request for Written Consent of Noteholders

Release Date: 05/03/2015 08:30
Code(s): ZA074 ZA076 ZA079 ZA077     PDF:  
Wrap Text
Notice of Request for Written Consent of Noteholders

BNP Paribas Arbitrage Issuance B.V.
(Incorporated in The Netherlands)
(the Issuer)

Stock code: ZA074          ISIN: ZAE000191755
Stock code: ZA076          ISIN: ZAE000192175
Stock code: ZA077          ISIN: ZAE000192696
Stock code: ZA079          ISIN: ZAE000192829

NOTICE OF REQUEST FOR WRITTEN CONSENT OF NOTEHOLDERS IN
ACCORDANCE WITH CONDITION 7 OF THE ADDITIONAL TERMS AND
CONDITIONS

1.   On 20 January 2015, the Issuer advised the holders of the
     Notes (as defined below) of the occurrence of an Extraordinary
     Fund Event as described in Condition 2.10 (Extraordinary Fund
     Events) of Annex 9 (Additional Terms and Conditions for Fund
     Securities) of the Base Prospectus (as defined below).

2.   As a consequence of the Extraordinary Fund Event, this notice
     of request for consent (this Consent Request) is delivered by
     the Issuer to each holder of the Notes (the Noteholders)
     issued under the Note, Warrant and Certificate Programme (the
     Programme) established pursuant a base prospectus dated 5 June
     2014 (as amended, restated and supplemented from time to time,
     the Base Prospectus) together with a placement document dated
     21 November 2013 (as amended, restated and supplemented from
     time to time, the JSE Placement Document) in accordance with
     Condition 7 (Notices) of the section headed “Additional Terms
     and Conditions” in the JSE Placement Document (the Additional
     Terms   and  Conditions),   for  purposes   of  obtaining  the
     Noteholders’ written consent to amend and restate the terms
     and conditions of the Notes as required in terms of Condition
     6.2 (Amendment of these Additional Terms and Conditions).

3.   Capitalised terms used herein which are not otherwise defined
     shall bear the meaning ascribed thereto in the Additional
     Terms and Conditions read together with the Base Conditions
     (as defined in the JSE Placement Document) where the context
     requires.

4.   BNP Paribas Arbitrage Issuance B.V (the Issuer) seeks the
     Noteholders’   consent  in   accordance with Condition  6.2
     (Amendment of these Additional Terms and Conditions) of the
     Additional Terms and Conditions to:
4.1      waive the requirement that the Noteholders and the South
         African Transfer Agent be given at least 21 clear calendar
         days’ notice in terms of Condition 6.1.6 (Notices) of the
         Additional Terms and Conditions before the Issuer can
         request that the Noteholers provide their consent to the
         amendments set out below;

4.2      amend and restate the Pricing Supplement relating to the
         issue of ZAR2,000,000,000 Prosperity CT Notes, Series
         EI1159SAD – ISIN ZAE000192175 (ZA076) (the ZA076 Notes) on
         24 June 2014 by the Issuer (the ZA076 Pricing Supplement);

4.3      amend and restate the Pricing Supplement relating to the
         issue of ZAR2,000,000,000 Fund Linked Redemption Notes,
         Series EI1212SAD – ISIN ZAE000192829 (ZA079) (the ZA079
         Notes) on 29 July 2014 by the Issuer (the ZA079 Pricing
         Supplement);

4.4      amend and restate the Pricing Supplement relating to the
         issue of ZAR1,000,000,000 Notes linked to a Basket of
         Underlying Assets, Series EI1208SAD – ISIN ZAE000192696
         (ZA077) (the ZA077 Notes) on 3 July 2014 by the Issuer (the
         ZA077 Pricing Supplement);

4.5      amend and restate the Pricing Supplement relating to the
         issue of ZAR2,000,000,000 Prosperity MEF Notes, Series
         EI1204SAD –   ISIN ZAE000191755 (ZA074) (the ZA074 Notes,
         together with the ZA077 Notes, the ZA079 Notes and the
         ZA076 Notes, constituting the Notes) on 13 June 2014 by the
         Issuer (the ZA074 Pricing Supplement),(the ZA076 Pricing
         Supplement, the ZA079 Pricing Supplement, the ZA077 Pricing
         Supplement and the ZA074 Pricing Supplement, together the
         Pricing Supplements).by completing the Consent Notice
         (available from Strate and the Noteholders’ relevant CSD
         Participant) and delivering the same to the registered
         office of the relevant CSD Participant that provided the
         said Noteholder with the Consent Notice, and providing a
         copy thereof to the Issuer by no later than 17h00
         (Johannesburg time) on Tuesday 17 March 2015 in accordance
         with the terms and conditions of the Consent Notice. The
         relevant CSD Participant will then notify Strate Limited of
         the total number of Consent Notices received, both in
         favour and not in favour of the proposed amendments.

5.    The changes to the Pricing Supplements are shown in blackline
      and available on the JSE’s website at www.jse.co.za and
      available on request from Computershare Investor Services
      (Proprietary) Limited (the South African Transfer Agent) at
      Charmaine.Jacobs@computershare.co.za or +2711370-5607.

6.   This Notice is being delivered to JSE in accordance with
     Condition 6.2 (Amendment of these Additional Terms and
     Conditions) as read with Condition 7 (Notices) of the
     Additional Terms and Conditions.



5 March 2015


Debt Sponsor

The Standard Bank of South Africa Limited

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