AECI
LIMITED
(Incorporated
in the Republic of South
Africa)
(Registration
No. 1924/002590/06)
Company
code: AECI
LEI:
3789008641F1D3D90E85
Bond code:
AECI05 ISIN:
ZAG000199258
Bond code:
AECI06 ISIN:
ZAG000199266
(AECI or
the Issuer)
NOTIFICATION
OF THE VOTING RESULTS IN RESPECT OF THE REQUEST FOR WRITTEN CONSENT
OF NOTEHOLDERS
Unless
otherwise defined herein, capitalised terms shall have the same
meaning as set forth in Consent Notice (as defined
below).
Noteholders
are referred to the notice of request for written consent released
by AECI on SENS on 4 November 2024
(the "Consent Notice"), in which the Extraordinary Resolutions set
out below were proposed:
-
Extraordinary
Resolution No. 1:
"That
the
Noteholders of all Notes Outstanding consent
to unconditional
release and discharge of Much Asphalt, as Original Guarantor, from
its obligations under the Terms and Conditions and the Noteholders
Guarantee."
-
Extraordinary
Resolution No. 2:
"That,
subject
to the passing of Extraordinary Resolution No. 1 above, the
Noteholders of all Notes Outstanding consent to:
2.1.1
the
Issuer amending and restating the Terms and Conditions, as
contained in the Programme Memorandum and the Noteholders Guarantee
to give effect to the unconditional release and discharge of Much
Asphalt, as an Original Guarantor;
2.1.2
subject
to the passing of Extraordinary Resolution No. 2 above, any
consequential changes to the Applicable Pricing Supplements of all
Notes Outstanding, to give effect to the release and discharge of
Much Asphalt as Original Guarantor."
In this
regard, AECI confirms the voting results from the Consent Notice in
relation to the total nominal amount of those classes of debt
securities that were affected by the amendments are as
follows:
AECI05
|
Extraordinary
Resolution
|
Total
value of Notes outstanding (R)
|
Debt
securities voted as a Rand value (R)
|
Debt
securities voted (%)
|
Votes
for the resolution* (%)
|
Votes
against the resolution (%)
|
Votes
abstained (%)
|
|
No.
1
|
535 000
000
|
495 500
000
|
92.62
|
92.62
|
0.00
|
0.00
|
|
No.
2
|
535 000
000
|
495 500
000
|
92.62
|
92.62
|
0.00
|
0.00
|
AECI06
|
Extraordinary
Resolution
|
Total
value of Notes outstanding (R)
|
Debt
securities voted as a Rand value (R)
|
Debt
securities voted (%)
|
Votes
for the resolution* (%)
|
Votes
against the resolution (%)
|
Votes
abstained (%)
|
|
No.
1
|
465 000
000
|
414 630
000
|
89.17
|
89.17
|
0.00
|
0.00
|
|
No.
2
|
465 000
000
|
414 630
000
|
89.17
|
89.17
|
0.00
|
0.00
|
* In
relation to the total number of debt securities voted in terms of
the Consent Notice.
Following
the above voting results, the requisite majorities were obtained
and both resolutions have been passed.
3 December 2024
Debt
sponsor
Questco
Proprietary Limited