In this announcement, reference to the “Funders” means the banks providing funding to the Group who are parties to the Common Terms Agreement which CIG entered into with them in or about May 2016, and the persons holding notes issued by CIG in terms of its Domestic Medium Term Note Programme, represented by funds and asset managers who between them represent more than 90% of the notes by value.
Shareholders are referred to the various SENS announcements relating to the extended waiver and debt standstill agreement, the last of which was released on 29 March 2019 informing shareholders that the Funders had agreed to an extended waiver period to 30 April 2019 and an extension of the maturity dates of certain of the outstanding notes to 2 May 2019.
Shareholders are advised that the Group has reached agreement with its Funders to further extend the waiver period to 31 May 2019, with a view to implementing a more permanent funding structure thereafter. In addition, the maturity dates of certain of the outstanding notes (CIG04, CIG05, CIG06 and CIG09U) have been extended to 29 July 2019.