REDINK RENTALS (RF) LIMITED Announces Partial Capital Redemption, Shares Outstanding Reduced

Redink Rentals
  • REDINK RENTALS (RF) LIMITED announces partial capital redemption of notes.
  • Effective from 5 June 2023.
  • Capital redemption amount is R 0,00; outstanding amount after redemption will be R 10 003 130,00.

REDINK RENTALS (RF) LIMITED, a prominent financial institution, has made a significant announcement regarding the partial capital redemption of its notes. The company has informed investors about this redemption, which is set to take effect on 5 June 2023, in accordance with the terms and conditions of the REDINK RENTAL (RF) LIMITED note programme.

The capital redemption will affect the notes with the stock code RED501 and the International Securities Identification Number (ISIN) ZAG000148677. The redemption amount for these notes is R 0,00. Following the partial capital redemption, the outstanding amount will be reduced to R 10 003 130,00.

REDINK RENTALS (RF) LIMITED emphasizes the importance of investors taking note of this partial capital redemption and making any necessary adjustments to their investment strategies accordingly. The company has fulfilled its obligations in accordance with the terms and conditions outlined in the note programme.

The decision to proceed with this partial capital redemption aligns with REDINK RENTALS (RF) LIMITED’s ongoing efforts to optimize its capital structure and underscores the company’s commitment to transparency and open communication with its investors.

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Lethabo Ntsoane

Lethabo Ntsoane

Lethabo Ntsoane holds a Bachelors Degree in Accounting from the University of South Africa. He is a Financial Product commentator at Rateweb. He is an expect financial product analyst with years of experience in reviewing products and offering commentary. Lethabo majors in financial news, reviews and financial tips. He can be contacted: Email: lethabo@rateweb.co.za Twitter: @NtsoaneLethabo

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