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AFRISTRAT INVESTMENT HOLDINGS LIMITED - Monthly interest declaration and finalisation announcement

Release Date: 28/03/2022 08:30
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                        4                        ATIFX4              ZAE000288916
                                         5                        ATIFX5              ZAE000288932
                                         6                        ATIFX6              ZAE000288957
                                         7                        ATIFX7              ZAE000305454
                                         8                        ATIFX8              ZAE000305934
                                         9                        ATIFX9              ZAE000305926
 Floating Rate Notes                     2                        ATIFL2              ZAE000288973
 Zero Coupon Notes                       2                        ATIZR2              ZAE000288999
                                         3                        ATIZR3              ZAE000305462


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 Tuesday, 19 April 2022, has been finalised.

Notice is given of the declaration of the following interest in respect of the period commencing on Tuesday, 15 March
2022 and ending on the date that the Notes start trading ex-interest, being Tuesday, 12 April 2022 in respect of:

  •     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%;
  •     Series   7   Fixed Rate Notes, an interest rate of   9%;
  •     Series   8   Fixed Rate Notes, an interest rate of   10%;
  •     Series   9   Fixed Rate Notes, an interest rate of   12% and
  •     Series   2   Floating Rate Notes, an interest rate   of 9% (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, 11 April 2022
      Notes start trading ex-interest                                                                     Tuesday, 12 April 2022
      Record Date                                                                                        Thursday, 14 April 2022
      Payment Date                                                                                        Tuesday, 19 April 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.
5.    At the date hereof, the Company has issued the following Notes:
      •   Fixed Rate Notes: An aggregate nominal amount of R124 133 300 (comprising R330 000 issued in terms of
          Series 4; R13 013 300 issued in terms of Series 5, R29 713 800 issued in terms of Series 6, R32 018 000
          issued in terms of Series 7, R20 608 200 issued in terms of Series 8 and R28 450 000 issued in terms of
          Series 9);
      •   Floating Rate Notes: An aggregate nominal amount of R23 171 600 (comprising R23 171 600 issued in terms
          of Series 2); and
      •   Zero Coupon Notes: An aggregate nominal amount of R21 176 100 (comprising R20 433 500 issued in terms
          of Series 2 and R742 600 issued in terms of Series 3).

Fixed Rate Notes:

                                              Series 4    Series 5      Series 6     Series 7     Series 8     Series 9
 Interest per Note (cents per Note)           66.57534    73.97260      88.76712     66.57534     66.57534     88.76712
 Gross distributable amount to
 Noteholders
 Less: Administration fee of 0.25% of         (1.84932)   (1.84932)    (1.84932)    (1.84932)    (1.84932)     (1.84932)
 the initial 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       64.72602    72.12328      86.91780     64.72602     64.72602     86.91780

Floating Rate Notes:

                                                                                                               Series 2
 Interest per Note (cents per Note)                                                                            66.57534
 Gross distributable amount to Noteholders
 Less: Administration fee of 0.25% of the initial Issue Price (as set out in the relevant Applicable Pricing   (1.84932)
 Supplements) per annum inclusive of VAT to be withheld by the Company
 Net distribution amount to Noteholders                                                                        64.72602


The Company may issue additional Series 4, 5, 6, 7, 8 and/or 9 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.


28 March 2022
Pretoria

Sponsor
Merchantec Capital

Date: 28-03-2022 08:30:00
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