AVENG LIMITED - Notification of the Voting Results in Respect of Bondholders Meeting


AEGCB AEG 201807030033A

Notification of the Voting Results in Respect of Bondholders Meeting


Incorporated in the Republic of South Africa

(Registration number 1944/018119/06)

Share code: AEG ISIN: ZAE000111829

JSE 2019 Convertible Bond Code: AEGCB

JSE 2019 Convertible Bond ISIN: ZAE000194940

(“Aveng” or “the Issuer”)


Bondholders are referred to the notice of meeting released on SENS on 12 June 2018, the meeting of which was held today, 3 July 2018 at the offices of

Baker McKenzie at 1 Commerce Square, 39 Rivonia Road, Sandhurst, Johannesburg, 2196 (“the Bondholders Meeting”) at which the Extraordinary

Resolution set out below was considered.

Extraordinary Resolution Number 1: Amendment of Terms and Conditions of the Convertible Bonds

The Bondholders hereby approve the amendments to the Terms and Conditions of the Convertible Bonds as set out in the document attached to the notice of

the Bondholders' meeting at which this Extraordinary Resolution was approved and as initialled by the chairman of the meeting for identification purposes.

The Bondholders further instructs and authorises the Trustee to conclude whatever documents may be required in order to give effect to these amendments

and these resolutions.

In this regard, the Issuer confirms the voting results from the Bondholders Meeting in relation to the total nominal amount of all debt securities of the Issuer

as follows:

Extraordinary Debt securities voted Debt securities voted in Votes abstained as a Votes carried for Votes against

Resolution in person or by proxy person or by proxy percentage resolution as a resolution as a

disclosed as a number disclosed as a percentage percentage

(each bond has a percentage

Principal value of


Number 1 164,881 82% 0% 96.36% 3.64%

3 July 2018

Financial advisor and transaction sponsor for the Capital Markets Transaction

Rand Merchant Bank (A division of FirstRand Bank Limited)

Legal advisors

Baker McKenzie

Debt sponsor

Absa Bank Limited, acting through its corporate and investment banking division


Michael Canterbury

Group Executive: Strategy & Investor Relations

Tel: 011 779 2979

Email: michael.canterbury@avenggroup.com

Date: 03/07/2018 01:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').

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