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AFRISTRAT INVESTMENT HOLDINGS LIMITED - Monthly interest declaration and finalisation announcement

Release Date: 29/11/2021 17:29
Wrap Text
Monthly interest declaration and finalisation announcement

AFRISTRAT INVESTMENT HOLDINGS 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                        2                        ATIFX2              ZAE000288924
                                         3                        ATIFX3              ZAE000288940
                                         4                        ATIFX4              ZAE000288916
                                         5                        ATIFX5              ZAE000288932
                                         6                        ATIFX6              ZAE000288957
 Floating Rate Notes                     2                        ATIFL2              ZAE000288973
 Zero Coupon Notes                       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, 20 December 2021, has been finalised.

Notice is given of the declaration of the following interest in respect of the period commencing on Tuesday, 9 November
2021 and ending on the date that the Notes start trading ex-interest, being Tuesday, 14 December 2021 in respect of:

  •     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%; and
  •     Series   1   Floating Rate Notes, an interest rate   of 8.75% (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                                 Monday,     13   December   2021
      Notes start trading ex-interest                                                            Tuesday,    14   December   2021
      Record Date                                                                                  Friday,   17   December   2021
      Payment Date                                                                               Monday,     20   December   2021



In terms of the Debt Listings Requirements of the JSE, 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 2     Series 3      Series 4      Series 5      Series 6
 Interest per Note (cents per Note)                      95.89041    115.06849      86.30137      95.89041     115.06849
 Gross distributable amount to Noteholders
 Less: Administration fee of 0.25% of the initial       (2.39726)     (2.39726)     (2.39726)    (2.39726)     (2.39726)
 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 Noteholders                  93.49315    112.67123      83.90411      93.49315     112.67123

Floating Rate Notes:

                                                                                                                Series 2
 Interest per Note (cents per Note)                                                                             83.90411
 Gross distributable amount to Noteholders
 Less: Administration fee of 0.25% of the initial Issue Price (as set out in the relevant Applicable Pricing   (2.39726)
 Supplements) per annum inclusive of VAT to be withheld by the Company
 Net distribution amount to Noteholders                                                                         81.50685


The Company may issue additional Series 2, 3, 4, 5 and/or 6 Fixed Rate and/or Series 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 November 2021
Pretoria

Sponsor
Merchantec Capital

Date: 29-11-2021 05:29:00
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