CANCELLATION OF S382358 Redemption of the Senior Unsecured Guaranteed Convertible Registered Bonds due on 3 April 2017 - SHPCB
Shoprite Investments Limited
(Incorporated in the Republic of South Africa)
(Registration number 1985/000928/06)
Stock code: SHPCB
(“Shoprite Investments” or “the Issuer”)
REDEMPTION OF THE SENIOR UNSECURED GUARANTEED CONVERTIBLE REGISTERED BONDS DUE ON 3 APRIL 2017
Further to the notice to bondholders regarding the conversion notice for the Shoprite Investments ZAR4,700,000,000 Senior Unsecured Guaranteed Convertible
Registered Bonds (“the SHPCB convertible bond”) announcement released on SENS on 22 February 2017, bondholders are further advised of the salient dates of
the SHPCB convertible bond redemption, which is effective 3 April 2017, are as follows:
Conversion Notice Deadline: Close of business, Friday, 24 March 2017
Finalisation Date: Tuesday, 28 March 2017
Last Day to Trade: Tuesday, 28 March 2017
Ex-date: Wednesday, 29 March 2017
RD: Friday, 31 March 2017
Redemption date: Monday, 3 April 2017
Bondholders who complete the conversion notice by close of business on Friday, 24 March 2017, will forfeit accrued interest from the Interest Payment Date
immediately preceding the relevant Conversion Date, per condition 8.2 of the Listing Document. The ordinary shares will be calculated by dividing the principal
amount of the bonds by the conversion price, which is ZAR168.94. The conversion notices will be processed as and when received by the Issuer and will only be
accepted until close of business on Friday, 24 March 2017.
The Conversion Notice is required to be completed and signed/stamped by the Bondholders CSDP agent / Broker.
The completed Conversion Notice must be sent by either telefax or email to the Conversion Agent during the Conversion Agents usual business hours (8:00 to
16:30 on a Business Day). Details of Conversion Agent are as follows:
- Rand Merchant Bank, a division of FirstRand Bank Limited
- For attention: Cheryll Stellenberg / Kirchen Rambuchen
- Fax No: +27 11 282 4695
- Email: Cheryll.Stellenberg@rmb.co.za
- Email: Kirchen.Rambuchen@rmb.co.za
If delivery of the Conversion Notice is made after usual business hours or on a day which is not a Business day, such delivery will be deemed to be made on the
next following business day.
Furthermore, bondholders who do not complete the forms by the above mentioned timeline, will receive the principal amount of the bonds inclusive of interest,
which will be calculated at a rate of 6.5% per annum on the outstanding principal amount after the conversion notices have been accepted by the Issuer. The
above mentioned salient dates will also be applicable to the final payment of the SHPCB convertible bond.
The finalisation date has been set to Tuesday, 28 March 2017 to allow the conversion agent and the Issuer sufficient time to finalise the conversion notices
received by close of business, Friday, 24 March 2017 and a further notice will be released on SENS.
8 March 2017
Rand Merchant Bank (A division of FirstRand Bank Limited)
Date: 08/03/2017 12:49:59 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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