EQSTRA CORPORATION LIMITED - Results of meeting of holders of notes issued by Eqstra Corporation Limited

Results of meeting of holders of notes issued by Eqstra Corporation Limited

Eqstra Corporation Limited
(Incorporated in the Republic of South Africa)
(Registration No. 1984/007045/06
Company code: BIEQS
 (“Eqstra” or “the Issuer”)


RESULTS OF MEETING OF HOLDERS OF NOTES ISSUED BY EQSTRA CORPORATION
LIMITED

Noteholders are advised that at a meeting of Noteholders held at the
offices of Eqstra Corporation Limited, 61 Maple Street, Pomona, Kempton
Park, Johannesburg at 10:00am on 22 July 2016, the following resolution
was proposed to be passed:

AS SPECIAL RESOLUTION 1 - AMENDMENTS TO THE TERMS OF THE PROGRAMME
MEMORANDUM, THE TERMS AND CONDITIONS OF ALL THE OUTSTANDING NOTES ISSUED
BY THE ISSUER, THE PARENT GUARANTEE AND THE SUBSIDIARY GUARANTEE
With effect from the date and time on which the Disposal Transaction is
implemented as contemplated in the Announcement, the terms of the
Programme Memorandum, the Terms and Conditions of all the outstanding
Notes issued by the Issuer, the Parent Guarantee and the Subsidiary
Guarantee be amended as follows:
by the replacement of “Eqstra Holdings” with Eqstra Investments as
the Parent Guarantor; and
the deletion of “Mutual Construction Company (Transvaal) (Pty) Ltd”
and “MCC Contracts (Pty) Ltd” as Subsidiary Guarantors; and certain
other consequential amendments,(“Proposed Amendments”),  in
accordance with the draft supplement to the Programme Memorandum
attached to the notice of meeting as Appendix “B”.

After the voting had been conducted, the results of the voting are as
follows:

the acceptance by the Noteholders of Special Resolution 1 passed by
Noteholders representing 90.16% of the votes cast with respect to all
notes issued by the Issuer;

the amount of Noteholders who voted against Special Resolution 1
represents 8.41%


22 July 2016
Debt Sponsor
Rand Merchant Bank (A division of FirstRand Bank Limited)

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