The Board of Directors of CIM Financial Services Ltd (‘CFSL’) wishes to inform its shareholders and other stakeholders that it has approved on 9 May 2019 the implementation of a Medium Term Note Programme (MTNP) as part of the company’s funding strategy.
As at the date of this communique, the company proposes to issue up to a maximum of MUR 2.0 billion through the first tranche of notes under this MTNP.
This note programme will be subject to approval from shareholders and all relevant regulatory authorities.
The company is currently working on the documentation related to this MTNP and shareholders and other stakeholders of CFSL will be kept informed of further developments.
By Order of the Board
Cim Administrators Ltd
9 May 2019
This communique is issued pursuant to the Securities Act 2005 and the rules and regulations made thereunder and the SEM Listing Rule 11.3. The Board of CFSL accepts full responsibility for the accuracy of the information contained in this Communique.