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NAMPAK LIMITED - Trade Finance Facility

Release Date: 29/10/2021 11:45
Code(s): NPK NPKP NPP1     PDF:  
Wrap Text
Trade Finance Facility

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”)


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
29 October 2021

UBS South Africa (Pty) Ltd

Date: 29-10-2021 11:45:00
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