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Announcement on the results of the proposed extraordinary Resolution of the Holders - RED501
REDINK RENTALS (RF) LIMITED
(Incorporated in South Africa with limited liability under registration number 2015/090404/06)
(“Redink Rentals”)
Date: 28 November 2022
RED501 - ZAG000148677
ANNOUNCEMENT ON THE RESULTS OF THE PROPOSED EXTRAORDINARY RESOLUTION OF THE HOLDERS OF
ALL CLASS A NOTES ISSUED IN RELATION TO TRANSACTION NO. 5 – TOWER INVESTMENTS (ZULULAND RENTAL
AGREEMENTS) ("Transaction No. 5")
1. We refer to the notice delivered, in accordance with Condition 22.2.3 of the Terms and Conditions of the
Notes, by the Issuer on 22 November 2022 to the holders of all the Class A Notes issued by the Issuer under
the Programme in relation to Transaction No. 5 (“the Noteholders”), for purposes of passing an
Extraordinary Resolution referred to below. The Extraordinary Resolution of the Noteholders were sought
for purposes of making certain amendments to the Applicable Pricing Supplement in relation to the Class A
Notes dated 29 November 2017 ("Applicable Pricing Supplement'). ?
2. The Issuer has proposed the amendments to the Applicable Pricing Supplement, which was set out in the
amended Applicable Pricing Supplement as attached to notice as Annexure A, to facilitate the recovery of
the Sale Assets in relation to Transaction No. 5 -
2.1. The Issuer is in process of taking the necessary steps to recover the amounts due from the Sale Assets
in relation to Transaction No. 5;
2.2. The timing of concluding on the recovery of the Sale Assets in relation to Transaction No. 5 will extend
beyond the existing Final Redemption Date of the Class A Notes, henceforth the Issuer would require
additional time to finalise the recovery process.
3. Capitalised terms and expressions used herein and not otherwise defined herein, shall have the meanings
ascribed to such terms and expressions in the programme memorandum issued by the Issuer in relation to
the Programme dated 29 May 2015 (the "Programme Memorandum").
4. EXTRAORDINARY RESOLUTION NO 1
The Noteholders approved, and the Issuer be and is authorised to amend –
4.1. the Applicable Pricing Supplement in accordance with the proposed amended Applicable Pricing
Supplement; except for
4.2. the new par 21 of the proposed amended Applicable Pricing Supplement, where the Final Redemption
Date as referred to, is to be amended to 5 December 2023, instead of the proposed amendment date
of 5 June 2023.
5. In this regard, the Issuer confirms the results of the Extraordinary Resolution No 1 in relation to the total
nominal amount of all the Class A Notes in relation to Transaction No. 5 as follows -
Total Notes voted in Notes voted in Votes Votes carried Votes against
nominal person or by person or by abstained as a for resolution resolution as a
amount of proxy disclosed proxy disclosed percentage as a percentage
the Class A as a number as a percentage
Notes percentage
RED501 RED501
R10,003,130 R9,251,793.56 92,49% 0,00% 92,49% 0,00%
Extraordinary Resolution No 1 passed by a majority of 92,49%.
Redinc Capital Proprietary Limited
Debt Sponsor
Date: 28-11-2022 11:00:00
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