GREEN FUNDING PROGRAMME
Further to the communiqué issued on 29 November 2021, the Board of Directors of CIM Financial Services Ltd (the 'Company') is pleased to announce that the Company has allocated an amount of MUR500M (the ‘Notes’) to investors under its 5 year MUR3Bn Green Funding Programme.
The Notes will be issued in tranches during Q1 2022 by way of a private placement and in accordance with the 'Guidelines for Issue of Corporate and Green Bonds in Mauritius' as issued by the Financial Services Commission.
These Notes have been assigned an ‘AA’ rating by Care Ratings (Africa) Private Limited and will not be listed on The Stock Exchange of Mauritius Limited.
The Board also wishes to inform the investing public that the Listing Executive Committee of the Stock Exchange of Mauritius Ltd ('SEM') has given its approval to the listing of up to 16,999,998 ordinary shares to be issued upon exercise of the Options under the Employee Share Options Scheme (‘ESOS’) of the Company.
The ESOS permits a maximum dilution of 2.5% of existing shareholders and is subject to approval by shareholders at a Special Meeting of shareholders. A copy of the Information Note containing the terms of the ESOS can be viewed at the Company’s registered office during standard working hours and on the website of the SEM.
This announcement is not an invitation to the public to subscribe for shares in the Company and is provided for information purposes only.
By order of the Board
Cim Administrators Ltd
14 January 2022
This Communiqué is issued pursuant to Listing Rule 11.3 and Rule 5 of the Securities (Disclosure Obligations of Reporting Issuer) Rules 2007.
The Board of Directors of CIM Financial Services Ltd accepts full responsibility for the accuracy of the information contained in this notice.