JOHANNESBURG - AECI Limited, a company incorporated in South Africa, has announced the amendment and restatement of its R5 billion Domestic Medium Term Note Programme, following the approval from the JSE Limited. The update, effective as of December 12, 2024, includes the removal of Much Asphalt Proprietary Limited as a guarantor and the alignment of the programme with the latest applicable laws and regulations.
The original programme memorandum, established on November 25, 2015, and subsequently amended on September 4, 2018, and September 4, 2023, has now been superseded by the new documentation. This revision follows the passing of Extraordinary Resolutions, as noted in the Consent Notice issued on November 4, 2024, and the announcement on December 3, 2024, confirming the requisite majority vote in favor of the changes.
Noteholders of the bonds, under codes AECI05 and AECI06, are advised that the amended and restated programme memorandum, along with the information statement and the applicable pricing supplements, are available for review on AECI's website and at the company's registered office.
The amended programme memorandum, information statement, and pricing supplements will govern all notes issued on or after the programme date and replace the previous programme memoranda for such notes. This development is part of AECI's ongoing efforts to ensure compliance with financial regulations and to maintain the integrity of its note programme.
The information provided is based on a press release statement from AECI Limited.
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