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Announcement on results of meeting 12 July 2018
MMF101|MMF201 | MMF301|MMF401
MMELA MOBILITY FINANCE (RF) LIMITED
("the Issuer" or "the Company")
(Registration Number: 2015/231615/06)
Stock Code: MMF101, MMF201, MMF 301 and MMF401
Date: 13 July 2018
ANNOUNCEMENT ON RESULTS OF THE PROPOSED EXTRAORDINARY RESOLUTIONS AND
ORDINARY RESOLUTION TAKEN AT A MEETING OF ALL THE NOTEHOLDERS OF THE ISSUER
HELD ON 12 JULY 2018
1. We refer to the notice delivered by the Issuer on 11 July 2018 to each of the holders of
Class A Notes, Class B Notes, Class C Notes and Class D Notes (collectively, the
"Noteholders") issued under the Issuer’s ZAR3,000,000,000 Asset-Backed Note
Programme under the section headed "Terms and Conditions of the Notes" set out in the
programme memorandum dated 28 June 2017 (the "Programme Memorandum"), for
purposes of passing the Extraordinary Resolutions and Ordinary Resolution referred to
below in terms of Condition 17.3.2 of the Terms and Conditions. The Extraordinary
Resolutions of the Noteholders were sought for purposes of making amendments to the
Programme Memorandum pursuant to a first supplement to the Programme
Memorandum ("First Supplement').
2. Capitalised terms used herein and not otherwise defined shall bear the meanings ascribed
thereto in the Terms and Conditions set out in the Programme Memorandum.
3. EXTRAORDINARY RESOLUTION NO 1
Pursuant to Condition 17.3.2 of the Terms and Conditions of the Notes, the Noteholders
approved the waiver of the required notice period for the meeting of Noteholders
referred to in Condition 21.4.1 of the Terms and Conditions.
4. In this regard, the Issuer confirms the results of the Extraordinary Resolution No 1 in
relation to the total nominal amount of all the Notes as follows -
Notes voted in Notes voted in Votes Votes carried Votes against
person or by person or by abstained as a for resolution resolution as a
proxy disclosed proxy disclosed percentage as a percentage
as a number as a percentage
percentage
MMF101
230,941,450.03 100% 0,00% 100% 0,00%
MMF201
33,733,021.00 100% 0,00% 100% 0,00%
MMF301
12,325,526.11 100% 0,00% 100% 0,00%
MMF401
8,000,000.00 100% 0,00% 100% 0,00%
Extraordinary Resolution No 1 passed by a majority of 100%.
5. EXTRAORDINARY RESOLUTION NO 2
Pursuant to Condition 17.3.2 of the Terms and Conditions of the Notes, the Noteholders
approved the amendment of the definition of "Amortisation Date" contained in the
section headed "Summary of the Programme" and in the section headed "Interpretation"
under the section headed "Terms and Conditions of the Notes", as set out in the First
Supplement.
6. In this regard, the Issuer confirms the results of the Extraordinary Resolution No 2 in
relation to the total nominal amount of all the Notes as follows -
Notes voted in Notes voted in Votes Votes carried Votes against
person or by person or by abstained as a for resolution resolution as a
proxy disclosed proxy disclosed percentage as a percentage
as a number as a percentage
percentage
MMF101
230,941,450.03 100% 0,00% 100% 0,00%
MMF201
33,733,021.00 100% 0,00% 100% 0,00%
MMF301
12,325,526.11 100% 10,5% 89,5% 0,00%
MMF401
8,000,000.00 100% 100% 0,00% 0,00%
Extraordinary Resolution No 2 passed by a majority of 96,7%.
7. ORDINARY RESOLUTION NO 1
The Noteholders approved that the right of first refusal granted to Mmela Motor Scheme
(RF) Limited as Originator to originate and fund Applications (as referred to in the
Origination Agreement) be waived.
8. In this regard, the Issuer confirms the results of the Ordinary Resolution No 1 in relation
to the total nominal amount of all the Notes as follows -
Notes voted in Notes voted in Votes Votes carried Votes against
person or by person or by abstained as a for resolution resolution as a
proxy disclosed proxy disclosed percentage as a percentage
as a number as a percentage
percentage
MMF101
230,941,450.03 100% 0,00% 100% 0,00%
MMF201
33,733,021.00 100% 0,00% 100% 0,00%
MMF301
12,325,526.11 100% 10,5% 89,5% 0,00%
MMF401
8,000,000.00 100% 100% 0,00% 0,00%
Ordinary Resolution No 1 passed by a majority of 96,7%.
Redinkcapital Proprietary Limited
Debt Sponsor
13 July 2018
Date: 13/07/2018 01:19:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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