General Announcement::NOTICE OF SATISFACTION OR WAIVER OF CONDITIONS PRECEDENT AND INTENT TO REDEEM BONDS

Issuer & Securities

Issuer/ Manager
3I INFOTECH LIMITED
Securities
3IINFOTECH US$2.435MCB170726 - XS0308551166 - 3JDB
Stapled Security
No

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
26-Oct-2021 00:48:29
Status
New
Announcement Sub Title
NOTICE OF SATISFACTION OR WAIVER OF CONDITIONS PRECEDENT AND INTENT TO REDEEM BONDS
Announcement Reference
SG211026OTHRH1SD
Submitted By (Co./ Ind. Name)
3i Infotech Limited
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Reference is made to the notice given via the clearing systems and dated 29 March 2021 (the "Notice of Meeting") and the notice outcome of meeting of holders of Bonds given via the clearing systems and dated 21 April 2021. Pursuant to the Notice of Meeting, the Issuer convened a meeting (the "Meeting") on 6 May 2021 of the holders of the Bonds (being an adjourned meeting convened pursuant to the initial meeting of holders of the Bonds held on 20 April 2021) where the extraordinary resolution set forth in the Notice of Meeting (the "Extraordinary Resolution") was passed, which contained proposals to, among other things, amend the Trust Deed dated 26 July 2007 as amended and supplemented by the First Supplemental Trust Deed dated 25 April 2012 and the Second Supplemental Trust Deed dated 9 December 2016 (the "Principal Trust Deed"), by and among 3i Infotech Limited and Deutsche Trustee Company Limited as trustee constituting the Bonds, to provide the Issuer with the right to redeem all (and not some only) of the Bonds at 100% of their outstanding principal amount as of the redemption date. Capitalised terms used but not defined herein shall have the meanings given to them in the Notice of Meeting or, in the event so noted herein, in the Principal Trust Deed.

The Issuer hereby notifies the Bondholders that all conditions to the effectiveness of the Extraordinary Resolution set forth in paragraph 8 of the Extraordinary Resolution were satisfied or, where applicable, waived as of 25 October 2021 and the Extraordinary Resolution is expected to become effective on 2 November 2021. The Issuer also notifies Bondholders that it plans to redeem all of the Bonds on 2 December 2021 at a redemption price equal to 100% of the then outstanding principal amount (which, for the avoidance of doubt, includes only principal amount outstanding as at the redemption date and does not include the Relevant Portion (as defined in the Principal Trust Deed) already converted to Shares (as defined in the Principal Trust Deed) in accordance with Condition 8.12, principal amounts already repaid in accordance with Condition 8.1 and Bonds otherwise converted, redeemed or cancelled in accordance with the Principal Trust Deed and the Conditions (as defined in the Principal Trust Deed)), plus accrued and unpaid interest, if any, to (but not including) the redemption date.

Attachments

2021-10-25-XS0308551166-Notice of Closing Date and intent to redeem.pdf
Total size =351K