SHOPRITE INVESTMENTS LIMITED - Redemption finalisation announcement - SHPCB

Release Date: 28/03/2017 11:01
Code(s): SHPCB
 
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Redemption finalisation announcement - SHPCB

Shoprite Investments Limited
(Incorporated in the Republic of South Africa)
(Registration number 1985/000928/06)
Stock code: SHPCB
ISIN: ZAE000166997
(“Shoprite Investments” or “the Issuer”)


REDEMPTION FINALISATION ANNOUNCEMENT

Further to the notice to bondholders regarding the redemption of the Shoprite Investments ZAR4,700,000,000 Senior Unsecured Guaranteed Convertible
Registered Bonds (“the SHPCB convertible bond”) announcement released on SENS on 8 March 2017, bondholders are further advised of the finalisation details of
the SHPCB convertible bond redemption, which is effective 3 April 2017.

The salient dates applicable to the final redemption are as follows:

Conversion Notice Deadline:                      Close of business, Friday, 24 March 2017
Finalisation Date:                               Tuesday, 28 March 2017
Last Day to Trade:                               Tuesday, 28 March 2017
Ex-date:                                         Wednesday, 29 March 2017
Suspension of securities:                        Wednesday, 29 March 2017
RD:                                              Friday, 31 March 2017
Payment Date:                                    Monday, 3 April 2017
Redemption date:                                 Monday, 3 April 2017
Termination date:                                Tuesday, 4 April 2017


After the conversion of all conversion notices received by close of business on Friday, 24 March 2017, the Issuer has an outstanding principal amount of 11,329
bonds in issue. An amount of ZAR 10 000 per bond will be paid with a total of ZAR 113,290,000.00 payable on the payment date. The interest accrued per bond is
ZAR 325.00 with the total interest amount of ZAR 3,681,925.00. Interest is payable in accordance with the payment date provided in the salient dates above.

28 March 2017
Debt Sponsor
Rand Merchant Bank (A division of FirstRand Bank Limited)

Date: 28/03/2017 11:01:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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