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Publication of Quarterly Report - RED162
REDINK RENTALS (RF) LIMITED
Publication of Quarterly Report
(Incorporated in South Africa with limited liability under registration number
2015/090404/06)
(“Redink Rentals”)
Date: 11 April 2023
RED162 - ZAG000182023
Publication of Quarterly Report
Holders are advised that Redink Rentals has published an investor report on the
Company’s website and that the latest report and investor information is available
at the following link:
https://www.redinkrentals.co.za/reports/
or
https://www.redinkrentals.co.za/wp-content/uploads/RED16-Quarterly-Report-Feb-2023.pdf
In addition, noteholders attention is drawn to the following update to the events
previously reported on:
• The occurrence of a Borrower Default as defined, as a result of the non-
compliance in respect of financial covenants, amongst other. Please refer
to page 4, 8 and 9 of the investor report for further details; and
• Following the receipt of a Notice of Repudiation for Payment under the
Guarantee from the Guarantor (Lombard Insurance Company Limited
(“Lombard”)), the Issuer instituted a motion proceeding against the
Guarantor for payment of the sum as guaranteed, limited to R60 million,
which was served on the Guarantor on the 30th March 2023.
Accordingly, noteholders and potential investors are advised to continue to
exercise caution when dealing in the RED162 Notes issued under Transaction No.
16.
A further update will be made following developments and as circumstances demand.
Capitalised terms and expressions used in this notice 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”), and the Applicable Pricing Supplement in
relation to Transaction No. 16 – Tower Investments (Smart Tread Financing
Agreement).
Further information on the Programme please contact:
Redinc Capital
Charlize Wiederkehr
Tel: +27 10 822 7993
Email: charlize@red-inc.co.za
Date: 11-04-2023 11:55:00
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