Further to the Communiqué issued on 10 June 2020 by CIM Financial Services Limited (“CFSL” or the “Company”) regarding the implementation of a second Medium Term Note Programme (the “Note Programme”) of a maximum aggregate nominal value of three billion rupees (MUR 3.0bn), the Company wishes to inform its noteholders, shareholders and the investing public in general that the shareholders of CFSL have approved the issuance of said notes via a private placement at a Special Meeting held on 10 July 2020.
CFSL is currently finalising the terms and conditions of the notes issuance with it’s Transaction Adviser PLEION Corporate Finance Ltd. These terms and conditions of the issuance will be guided by the Securities (Preferential Offer) Rules 2017.
This Communiqué is not an invitation to the public to subscribe for the notes of the Company and is provided for information purposes only.
By Order of the Board
Cim Administrators Ltd
10 July 2020
This Communiqué 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 Communiqué.