CONSENT SOLICITATION EXERCISE FOR SERIES 001 S$110,000,000 7.45 PER CENT. NOTES DUE 2016 (ISIN: SG6TF6000008) (THE “NOTES”) ISSUED BY AUSGROUP LIMITED
AusGroup Limited (the “Company” or “Issuer”) refers to the previous announcement on SGXNET dated 19 October 2018 regarding the execution and effectiveness of the Third Supplemental Trust Deed in relation to the Notes and the previous announcements on SGXNET dated 26 November 2018, 3 December 2018 and 24 December 2018.
Capitalised or other terms used but not defined herein shall, unless the context otherwise requires, have the meanings as set out in the trust deed dated 22 September 2014, as amended by the supplemental trust deed dated 1 February 2016, a second supplemental trust deed dated 18 November 2016 and a third supplemental trust deed dated 19 October 2018 between the Issuer, Ezion Offshore Logistics Hub Pte. Ltd., NT Port and Marine Pty Ltd (formerly known as Ezion Offshore Logistics Hub (Tiwi) Pty. Ltd.), P.T. Limited and DBS Trustee Limited, and as may be amended from time to time (as amended, the “Trust Deed”).
The Issuer wishes to announce that pursuant to Condition 6(o) of the Notes, the Issuer has partially redeemed an amount of the outstanding principal amount of the Notes on a pro rata basis equal to the Rights Issue Redemption Amount on 3 January 2019, subject to such amount being adjusted to reflect that the principal amount of each S$250,000 Denomination Amount of Notes to be redeemed will be rounded to the nearest whole number.
The Rights Issue Redemption Amount is S$7,434,994, and the principal amount to be redeemed for each S$250,000 Denomination Amount of Notes, when rounded to the nearest whole number, is S$25,816. Accordingly, the aggregate principal amount of the Notes being redeemed by the Issuer is S$7,435,008.
Following the completion of the said redemption on 3 January 2019, the Issuer wishes to announce that the total aggregate outstanding principal amount of the Notes will be marked down by a total aggregate principal amount of S$7,435,008 and that the remaining aggregate outstanding principal amount of the Notes is S$40,118,976 (or S$139,302 for each S$250,000 Denomination Amount of Notes).
Shareholders are advised to exercise caution in trading their Shares and Noteholders are advised to exercise caution in trading their Notes. Shareholders and Noteholders are advised to read this announcement and further announcements by the Company carefully. Shareholders and Noteholders should consult their stockbrokers, bank managers, solicitors or other professional advisors if they have any doubt about the actions they should take.
By Order of the Board
Eng Chiaw Koon