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Publication of Reports – VDR Facility - MAR03B | MAR04B
MARTIUS (RF) LIMITED
Publication of Borrower Reports
(Incorporated in South Africa with limited liability under registration number
2021/326128/06)
("the Issuer")
Date: 20 November 2024
MAR03B - ZAG000193798
MAR04B - ZAG000200957
Publication of Reports – VDR Facility
Noteholders are referred to the various announcements released on SENS, notably
the SENS dated 17 September 2024 (Confirmation of an Event of Default) and the
SENS dated 10 October 2024 (Notice of Suspension), with the most recent of which
is dated 17 October 2024 pertaining to notification to noteholders that the
Issuer has published an investor report in respect of Transaction No. 1 – Bridge
Taxi Finance No 8 on the Issuer's website (and using the terms defined therein
unless otherwise stated herein).
Due to a number of factors, including the Restructure Plan, and with the 2023
annual audit of Borrower not completed yet, the Issuer published certain Reports
(details provided in the SENS announcement date 24 October 2024) in relation to
the Borrower, in order to provide the market with as much relevant financial and
operational information as is reasonably possible on the Borrower, and to ensure
equitable dissemination thereof.
In terms of the Restructure Plan, Noteholders have requested that the existing
Notes and related Relevant Assets be restructured. Some Noteholders are
considering independent restructuring options, the outcome of which the Issuer
is still waiting on. Following which, the Issuer received approval to utilise a
virtual data room ("VDR") in accordance with paragraph 6.84 as read with paragraph
6.89 of the Debt and Specialist Securities Listings Requirements (the
"Requirements"), to disclose the below information to assist Noteholders in this
regard.
VDR Information:
The Issuer intends to make available the first set of information files to
Noteholders as prepared by the appointed Servicer of the Borrower, which are
summarised below, by making it available in the VDR on Wednesday 20 November 2024
9:00 –
• Weekly detailed operational updates on Bridge Taxi Finance No 8 (RF) (Pty)
Ltd ("BTF8") from the servicer (BTF8\Weekly Servicer Operational Update
Reports\....14-11-2024);
• Monthly detailed management accounts of BTF8(BTF8\Management
Accounts\....SEPT 2024v2);
• 12-month cashflow forecast for BTF8 and the Issuer (BTF8\Cash Flow
Forecasts\....2024 11 07);
• Independent valuation reports of the underlying asset pool of BTF8 (BTF8\
Valuation Reports\BTF 8....; BTF8\ Valuation Reports\....btf_8); and
• Detailed loan book data and stock information (BTF8\LB Data and Stock
Information\....20240930; BTF8\LB Data and Stock Information\....04-10-
2024).
Participation requirements for the VDR:
Prospective participants must send an email to rob@red-inc.co.za ("VDR
Administrator") indicating their desire to participate in the VDR ("Registration
email"), and include the following information in the Registration email:
• full name and/or registration number of the party who will require access
to the VDR;
• in the event that the prospective participant is an entity or the like,
contact person and contact details (e-mail address and telephone number)
of the authorised representative requiring access to the VDR; and
• confirmation that the prospective participant is a Noteholder or authorised
representative of a Noteholder.
The VDR Administrator will send an acceptance email in response to a compliant
Registration email if they are satisfied with the details provided by the
prospective participant. Accepted participants will also be provided with a
standard confidentiality agreement ("NDA") which they must execute in favour of
the Issuer and return to rob@red-inc.co.za before an accepted participant will
be granted access to the VDR.
Disclaimer:
Noteholders are also advised to take note of the disclaimers set out on the VDR
in respect of the VDR information provided.
Inter alia, the financial and operational update information packs, including
any management accounts, forward-looking statements or forecasts of the Borrower,
which are in are still in their preparatory stage, have not been reviewed or
reported on by the Borrower's external auditors.
Suspension Period:
Noteholders are reminded that the notes issued in relation to Transaction No. 1
– Bridge Taxi Finance No 8 with stock codes MAR03B and MAR04B, were suspended
effective 10 October 2024, and can therefore not trade these notes during this
period.
Noteholders will be informed when updated information is to be uploaded to the
VDR.
Capitalised terms and expressions used and not otherwise defined herein, shall
have the meanings ascribed to such terms and expressions in the master programme
memorandum issued by the Issuer in relation to the Programme dated 22 February
2022, the Applicable Issuer Supplement issued by the Issuer dated 22 February
2022 and the Applicable Transaction Supplements issued by the Issuer in relation
to Transaction No. 1 – Bridge Taxi Finance No 8.
Page 2 of 3
Further information on the Programme please contact:
Redinc Capital
Charlize Wiederkehr
Email: charlize@red-inc.co.za
Page 3 of 3
Date: 20-11-2024 09:10:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
