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CONSOLIDATED INFRASTRUCTURE GROUP LIMITED - Report On Compliance With Financial Covenants

Release Date: 31/05/2018 09:43
Code(s): CIG04 CIG05 CIG10 CIG11 CIG12 CIG06 CIG07     PDF:  
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Report On Compliance With Financial Covenants

Consolidated Infrastructure Group Limited
Registration No. 2007/004935/06
JSE Share Code: CIG

Report On Compliance With Financial Covenants – 6 month period
ended 28 February 2018

Pursuant to condition 23 of the Terms and Conditions of the
Domestic Medium Term Note Programme, dated 3 May 2012, referred
to in the Applicable Pricing Supplements, our auditors have
performed the required procedures and have reported the factual
findings on the financial covenants as follows:
    a. The cover ratio has not been met and is not at least 4
      times;
    b. The residual asset ratio is at least 1.85 times; and
    c. The net debt equity ratio has not been met and exceeds
      50%.

Failure to meet the covenants above does not constitute an
event of default under the abovementioned note programme.

This Report of factual findings (Covenant Report) of
Consolidated Infrastructure Group Limited for the period ended
28 February 2018 is available from the company secretary, on
request.


Date 31 May 2018

Debt Sponsor:       Investec Bank Limited (“Investec”)

For further information contact:
Investec Bank Limited
Mr. Louis Dirker
Tel:      (011)286 7799
Email:    Louis.dirker@investec.co.za
Debt Sponsor: Investec Bank Limited

Date: 31/05/2018 09:43:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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