AECI Limited - Notifications: Manifest Error, Sustainability Compliance Certificate & Sustainability Margin Adjustment Event
(Incorporated in the
(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 A DELAY IN CORRECTING THE MAINFEST ERROR, DELAY OF THE AVAILABILITY OF THE SUSTAINABILITY COMPLIANCE CERTIFICATE AND A SUSTAINABILITY MARGIN ADJUSTMENT EVENT
This notice is delivered by the Issuer (this
Notice
) to each holder (the
Noteholder
) of
Capitalised terms used herein which are not otherwise defined shall bear the meaning ascribed thereto in the Terms and Conditions and/or the Applicable Pricing Supplements.
1. Notice
The Issuer hereby gives notice to each Noteholder that:
1.1 Notification of a delay in correcting the manifest error
due to a delay in the audit of denominator of the baseline's for KPI 1 (
Reduction in effluent discharge intensity
) and KPI 2 (
Reduction in carbon intensity
) for which a manifest error was identified and announced on
1.2 Notification of a delay of the availability of the Sustainability Compliance Certificate
the release of the Sustainability Compliance Certificate has been delayed and will not be available by the Sustainability Compliance Certificate Delivery Due Date as required under paragraph 1.9 of Appendix 1, of the Applicable Pricing Supplements for each Note. The delay is attributed to the reasons set out in paragraph 1.1 above. The Issuer intends on making the Sustainability Compliance Certificate available for publication on or about
1.3 Notification of a Sustainability Margin Adjustment Event
the Issuer was unable to deliver the Sustainability Compliance Certificate accompanied by the Sustainability Assurance Report by the applicable Sustainability Compliance Certificate Delivery Date.
Accordingly, the Initial Margin in relation to Target Observation Period 1 will be increased by 5 basis points for the Interest Period commencing after the Sustainability Compliance Certificate Delivery Date, being
Bond code: AECI05
ISIN: ZAG000199258
Margin: 3 Month ZAR-JIBAR plus 144 basis points
Bond code: AECI06
ISIN: ZAG000199266
Margin: 3 Month ZAR-JIBAR plus 155 basis points
Debt sponsor