Wrap Text
Redemption and New Issue of Notes
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 Issuer”)
Notes Series number JSE Code ISIN
Fixed Rate Notes 2 ATIFX2 ZAE000288924
Fixed Rate Notes 3 ATIFX3 ZAE000288940
REDEMPTION AND INTEREST PAYABLE BY THE ISSUER 17 JANUARY 20221 OF EACH OF:
o SERIES 2 FIXED RATE NOTES ISSUED BY THE ISSUER UNDER JSE CODE ATIFX2; AND
o SERIES 3 FIXED RATE NOTES ISSUED BY THE ISSUER UNDER JSE CODE ATIFX3,
UNDER THE ZAR10 000 000 000 DOMESTIC MEDIUM TERM NOTE PROGRAMME; AND
NEW ISSUE
Notice is hereby given that the Issuer shall:
• on 17 January 2022, being the relevant Redemption Date, redeem each of:
o the Series 2 Fixed Rate Notes issued by the Issuer on the Initial Issue Date, being 15 January 2019, in an
amount of ZAR16 913 000 under JSE Code ATIFX2 (ISIN ZAE000288924) (“Series 2 Fixed Rate Notes”);
and
o the Series 3 Fixed Rate Notes issued by the Issuer on the Initial Issue Date, being 15 January 2019, in an
amount of ZAR32 150 000 under JSE Code ATIFX3 (ISIN ZAE000288940) (“Series 3 Fixed Rate Notes”),
which Series 2 Fixed Rate Notes and Series 3 Fixed Rate Notes (collectively referred to hereinafter as "Notes") were
issued under the Issuer's ZAR10 000 000 000 Domestic Medium Term Note Programme established in terms of a
programme memorandum dated 21 August 2018 ("Programme Memorandum).
Redemption Price per Note:
Series 2 Fixed Rate Notes (ISIN ZAE000288924): 100% of initial Issue Price, being R100.00 per Note
Series 3 Fixed Rate Notes (ISIN ZAE000288940): 100% of initial Issue Price, being R100.00 per Note
Redemption timetable
Last day to trade: Tuesday, 11 January 2022
Suspension of listing of the Notes to be redeemed: Wednesday, 12 January 2022
Redemption Record Date: Friday, 14 January 2022
Redemption Payment Date: Monday, 17 January 2022
Date that redeemed Notes will be removed from the JSE list: Tuesday, 18 January 2022
Notice is further given that Issuer intends to issue:
• Series 8 Fixed Rate Notes (“New Fixed Rate Notes 8”); and
• Series 9 Fixed Rate Notes (“New Fixed Rate Notes 9”),
on 17 January 2022, which New Fixed Rate Notes 8, and New Fixed Rate Notes 9 (collectively referred to hereinafter
as "New Notes") will, in addition to new investors, be issued to those Holders of the Notes who wish to invest in the
New Notes in lieu of receipt of the Redemption Amount.
Payment of accrued Interest:
Accrued interest for the period 21 December 2021 to the close of business on 14 January 2022 (Day Count Fraction)
will be paid on the Notes as follows:
• Interest at a rate of 10.00% per annum is payable in respect of the Series 2 Fixed Rate Notes.
• Interest at a rate of 12.00% per annum is payable in respect of the Series 3 Fixed Rate Notes.
The gross accrued interest amount and the net accrued interest amount payable to Holders of the Notes is set out
below:
Series 2 Fixed Rate Series 3 Fixed Rate
Notes Notes
Interest per Note (cents per Note)
Gross distributable amount to Noteholders 84.93151 101.91781
Less: Administration fee of 0.25% of the initial Issue Price (as
set out in the relevant Applicable Pricing Supplements) per (2.12329) (2.12329)
annum inclusive of VAT to be withheld by the Company
Net distribution amount to Noteholders 82.80822 99.79452
Relevant dates in relation to this interest payment are set out below:
Last day to trade to appear in the register on Record Date Tuesday, 11 January 2022
Notes start trading ex-interest Wednesday, 12 January 2022
Record Date Friday, 14 January 2022
Payment Date Monday, 17 January 2022
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.
Capitalised terms and expressions used in this notice, and not otherwise defined herein, shall have the meanings
assigned to such terms and expressions in the Programme Memorandum.
For more information about this announcement or the Afristrat group, email
investor.relations@afristrat.ltd or visit https://afristrat.ltd/investor-relations/.
28 December 2021
Pretoria
Debt Sponsor
Merchantec Capital
Date: 28-12-2021 08:30:00
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