THE LAND AND AGRICULTURAL DEVELOPMENT BANK OF SOUTH AFRICA - Update on Liquidity Facility, the provision of financial information and board updateRelease Date: 15/09/2020 07:05:00 Code(s): LBK38 LBK33 LBK23 LBK28 LBK24 LBK20 LBK29 LBK18 LBK30 LBK31 LBK27 LBK26 LBK37 LBK35 LBK15 LBK32 PDF(s):
Update on Liquidity Facility, the provision of financial information and board update
The Land and Agricultural Development Bank of South Africa
(JSE Code: BILB)
Land and Agricultural Development Bank of South Africa: update on Liquidity Facility, the provision
of financial information and board update
Pursuant to the SENS announcement on 07 August 2020 (and prior announcements in this regard),
Land Bank wishes to update noteholders holding listed notes issued under Land Bank’s JSE-listed
ZAR20 billion DMTN Programme dated 18 October 2010 and its ZAR30 billion DMTN Programme
dated 13 March 2017.
Having received confirmation that, as an indication of continued support from Land Bank’s
shareholder, the R3 billion equity injection referred to in the SENS announcement of 07 August 2020
will be received during September 2020, the R3 Billion Liquidity Facility that Land Bank was negotiating
with certain existing Land Bank funders will not be required.
Sharing of Financial Information
In an effort to ensure equitable dissemination of information, Land Bank has established a portal
(“Investor Portal”) where market updates and information regarding the Liability Solution will be
loaded for access by interested parties. Investors will be informed when new information is uploaded
to the Investor Portal. The Investor Portal can be accessed at https://landbank.co.za/Investor-Portal
or via the “Investors” tab on the www.landbank.co.za website.
Land Bank intends to make available to the market a pack of financial information by publishing the
financial information on the Investor Portal on Tuesday 15 September 2020. Further financial
information will be released and SENS announcements will be published when additional material
information is uploaded on to the Investor Portal.
The terms of office for Ms. Thelma Ngcobo and Ms. Dumo Motau as board members of the Land Bank
expired on 31 August 2020. A process to fill the vacancies in the board of Land Bank is at an advanced
stage and announcements in this regard will follow in due course. The board of Land Bank meets the
requirements of the Land Bank Act, and continues to operate effectively .
Land Bank and its shareholder would like to thank both Ms. Thelma Ngcobo and Ms. Dumo Motau for
their contribution to Land Bank.
15 September 2020
Land and Agricultural Development Bank of South Africa
Ayanda Kanana, Chief Executive Officer
Khensani Mukhari, Chief Financial Officer
Rebecca Phalatse, General Manager: Marketing and Communications – Tel: 074 159 6833
The Standard Bank of South Africa Limited, acting through its Corporate and Investment Banking
division (registration number: 1962/000738/06)
Date: 15-09-2020 07:05:00
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