This is not an offer for sale. This announcement appears as a matter of record only
NOTICE OF CONVERSION OF BONDS INTO ORDINARY SHARES
We are pleased to announce that an additional 1,142,117 ordinary shares of par value KES 0.50 each of TransCentury Limited (TCL) will be listed on the Alternative Investment Market Segment of the Nairobi Securities Exchange (Newly Issued Shares) in connection with the Companys convertible bond programme (Convertible Bond Programme). This is as a result of some minority bondholders converting their bonds into TCLs ordinary shares. This conversion is for an original principal sum of US$1,000,000 adjusted to US$ 703,792 as per the composite deed of amendment relating to the terms and conditions of the convertible bond dated 24th March 2016. The conversion price is KES 49.60 per share at an exchange rate of KES 80.49135 per US$1.00 in line with the agreed terms and conditions and leads to a further reduction of the outstanding bond liability. The Newly Issued Shares have been issued out of the initial 150,920,616 un-issued ordinary shares of TCL reserved for the Convertible Bond Programme. A total of 142,866,305 un-issued ordinary shares now remain reserved for the Convertible Bond Programme following an earlier conversion in August 2011 when 6,912,194 shares were issued. The Capital Markets Authority (CMA) has approved the listing of these Newly Issued Shares subject to the terms of the Convertible Bond Programme. For more information on the TCL Convertible Bond Programme, we refer you to the TCL Information Memorandum dated 1st July 2011 in respect to the listing of TCL shares on the Nairobi Securities Exchange. The Information Memorandum can be found on the TCL website. By order of the Board, 30 th June 2016 As a matter of policy, the Capital Markets Authority assumes no responsibility for the correctness of the statements appearing in this Notice.
ANNOUNCEMENT
CHANGES TO THE BOARD OF DIRECTORS OF TRANSCENTURY LIMITED
The Chairman and the Board of TransCentury Limited (TCL) announce the following changes to the Board of directors. Mr. Nganga Njiinu (pictured) has been appointed as an Executive Director with eect from 1st July 2016. Njiinu holds an MBA in Finance and Investment Management from the University of Dallas in Irving, Texas and a Bachelor of Science in International Business from United States International University. Njiinu is also a CFA charter holder. Since joining TCL in 2008, Njiinu has held various roles in corporate nance, portfolio management, business development as well as originating and developing opportunities in the infrastructure space. He is currently the Acting Chief Executive Ocer. Prior to joining TCL, Njiinu worked for Coldwell Banker Residential Brokerage in the USA for 7 years, where he was involved in strategy, nancial planning and analysis as well as evaluation and integration of acquisitions. The Chairman and the Board of TCL take this opportunity to welcome and congratulate the new Board member. On behalf of the Board of Directors Virginia Ndunge, Company Secretary 30 th June 2016