Enhanced Investments - Financial Portal

Trade Finance Facility

Published: 2021-10-29 09:45:00 ET

Nampak Limited (JSE:NPK) News - Trade Finance Facility

NAMPAK LIMITED
Registration number 1968/008070/06
Incorporated in the Republic of South Africa
Share Code: NPK      ISIN: ZAE000071676
Share Code: NPP1     ISIN: ZAE000004966
Share Code: NPKP     ISIN: ZAE000004958
LEI: 3789003820EC27C76729
(“Nampak” or “the Company”)


TRADE FINANCE FACILITY

Shareholders are advised that Nampak has successfully concluded a trade finance
facility with Standard Bank for up to R1 billion. This facility allows Nampak
to sell on a non-recourse basis a portion of its accounts receivable balances
at terms that are beneficial to the Group. The utilisation of this facility
will be used to repay debt and will count towards the existing requirement to
reduce interest-bearing debt of at least R1 billion by 30 June 2022, thereby
reducing risk and the potential need to sell other productive assets at prices
below fair value. During October 2021, an amount of R206 million has been
utilised against this facility.



By order of the Board
I H van Lochem, Company Secretary
Bryanston
29 October 2021

Sponsor:
UBS South Africa (Pty) Ltd

Date: 29-10-2021 11:45:00
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All statements made via social media sites sponsored or maintained by Enhanced Investments and its affiliates are for informational purposes only and do not constitute a comprehensive description of Enhanced Investments' investment advisory services.
Certain investments are not suitable for all investors. Before investing, consider your investment objectives and applicable fees. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested. Information provided by Enhanced Investments is for informational and general educational purposes only and is not investment or financial advice.