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AFRISTRAT INVESTMENT HOLDINGS LIMITED - Monthly interest declaration and finalisation announcement

Release Date: 29/06/2021 09:05
Wrap Text
Monthly interest declaration and finalisation announcement

AFRISTRAT INVESTMENT HOLDINGS LIMITED
(formerly Ecsponent Limited)
Incorporated in the Republic of South Africa
Registration number: 1998/013215/06
JSE Code: ATI - ISIN: ZAE000287587
Debt Issuer Code: ATID
Hybrid Issuer Code: ATIG
(“Afristrat” or “the Company”)


 Notes                                     Series number         JSE Code           ISIN
 Fixed Rate Notes                          1                     ATIFX1             ZAE000288908
                                           2                     ATIFX2             ZAE000288924
                                           3                     ATIFX3             ZAE000288940
                                           4                     ATIFX4             ZAE000288916
                                           5                     ATIFX5             ZAE000288932
                                           6                     ATIFX6             ZAE000288957
 Floating Rate Notes                       1                     ATIFL1             ZAE000288965
                                           2                     ATIFL2             ZAE000288973
 Zero Coupon Notes                         1                     ATIZR1             ZAE000288981
                                           2                     ATIZR2             ZAE000288999


Monthly interest declaration and finalisation announcement


Holders of Notes issued by the Company in terms of its ZAR10,000,000,000 Domestic Medium Term Note Programme
are hereby advised that the interest per Note amount, to be paid on Monday, 19 July 2021, has been finalised.

Notice is given of the declaration of the following interest in respect of the period commencing on Monday, 14 June 2021
and ending on the date that the Notes start trading ex-interest, being Wednesday, 14 July 2021 in respect of:

     •     Series 1 Fixed Rate Notes, an interest rate of 9%;
     •     Series 2 Fixed Rate Notes, an interest rate of 10%;
     •     Series 3 Fixed Rate Notes, an interest rate of 12%;
     •     Series 4 Fixed Rate Notes, an interest rate of 9%;
     •     Series 5 Fixed Rate Notes, an interest rate of 10%;
     •     Series 6 Fixed Rate Notes, an interest rate of 12%;
     •     Series 1 Floating Rate Notes, an interest rate of 8.50% (being the prime rate plus 1.5%); and
     •     Series 2 Floating Rate Notes, an interest rate of 8.50% (being the prime rate plus 1.5%).

Relevant dates in relation to this interest payment are set out below:


         Last day to trade to appear in the register on Record Date                                    Tuesday, 13 July 2021
         Notes start trading ex-interest                                                             Wednesday, 14 July 2021
         Record Date                                                                                    Friday, 16 July 2021
         Payment Date                                                                                   Monday, 19 July 2021



In terms of the Debt Listings Requirements of the JSE Limited, the following additional information is provided:

1.         The interest is paid from income reserves.

2.         The Company shall be entitled to an administration fee of 0.25% per annum on the Initial Issue Price, inclusive of
           VAT, payable monthly in arrears on the Monthly Interest Payment Dates.

3.         The administration fee is subject to the Value-Added Tax Act of 1991. The Company has the right to recover the
           monthly administration fee, from the monthly Note interest (plus the applicable VAT thereon).

4.         The Company’s income tax number is 9235/264/84/4.

5.         At the date hereof, the Company has issued the following Notes:
           •   Fixed Rate Notes: An aggregate nominal amount of R93 370 100 (comprising R1 250 000 issued in terms of
               Series 1; R16 913 000 issued in terms of Series 2; R32 150 000 issued in terms of Series 3; R330 000 issued
               in terms of Series 4; R13 013 300 issued in terms of Series 5 and R29 713 800 issued in terms of Series 6);
           •   Floating Rate Notes: An aggregate nominal amount of R38 838 600 (comprising R15 667 000 in terms of
               Series 1 and R23 171 600 in terms of Series 2); and
           •   Zero Coupon Notes: An aggregate nominal amount of R30 581 500 (comprising R10 148 000 in terms of
               Series 1 and R20 433 500 in terms of Series 2).


Fixed Rate Notes:
                                                Series 1    Series 2    Series 3    Series 4    Series 5     Series 6
 Interest per Note (cents per Note)             71.50685    79.45205    95.34247    71.50685    79.45205     95.34247
 Gross      distributable     amount     to
 Noteholders
 Less: Administration fee of 0.25% of           (1.98630)   (1.98630)   (1.98630)   (1.98630)   (1.98630)   (1.98630)
 the initial Issue Price (as set out in the
 relevant          Applicable       Pricing
 Supplements) per annum inclusive of
 VAT to be withheld by the Company
 Net      distribution      amount       to     69.52055    77.46575    93.35617    69.52055    77.46575     93.35617
 Noteholders


Floating Rate Notes:
                                                                                              Series 1     Series 2
 Interest per Note (cents per Note)                                                           67.53425     67.53425
 Gross distributable amount to Noteholders
 Less: Administration fee of 0.25% of the initial Issue Price (as set out in the relevant     (1.98630)   (1.98630)
 Applicable Pricing Supplements) per annum inclusive of VAT to be withheld by the Company
 Net distribution amount to Noteholders                                                       65.54795     65.54795


The Company may issue additional Series 1, 2, 3, 4, 5 and/or 6 Fixed Rate and/or Series 1 and/or 2 Floating Rate Notes
prior to the last day to trade date.

For more information about this announcement or the Afristrat group, email
investor.relations@afristrat.ltd or visit https://wp.me/P9idbT-b.


29 June 2021
Pretoria

Sponsor
Merchantec Capital

Date: 29-06-2021 09:05:00
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