Notification of interest payment & interest rate change

Announcement Summary

Entity name

VILLA WORLD LIMITED.

Security on which the Interest Payment will be paid

VLWHA - SIMPLE BOND 3-BBSW+4.75% DEFERRED SETTLEMENT

Announcement Type

New announcement

Date of this announcement

Friday April 21, 2017

Interest Payment Amount

AUD 1.6205

Ex Date

Wednesday July 12, 2017

Record Date

Thursday July 13, 2017

Payment Date

Friday July 21, 2017

Refer to below for full details of the announcement

Announcement Details

Part 1 - Entity and announcement details

  1. Name of +Entity

    VILLA WORLD LIMITED.

  2. Registered Number Type

    ABN

    38117546326

    Registration Number

  3. ASX issuer code

    VLW

  4. The announcement is

    New announcement

  5. Date of this announcement

    Friday April 21, 2017

  6. ASX +Security Code for Interest Payment

VLWHA

ASX +Security Description

SIMPLE BOND 3-BBSW+4.75% DEFERRED SETTLEMENT

Part 2A - Interest period dates and interest payment details

Interest Rate Calendar Type

Rule 7(2), 7 calendar day

2A.1 Payment date

Friday July 21, 2017

2A.3 Ex-Date

Wednesday July 12, 2017

2A.5 Last day of payment period

Thursday July 20, 2017

2A.7 Interest rate expressed as a per annum rate

6.500000 %

2A.9 Currency in which the interest payment is made ("primary currency")

AUD - Australian Dollar

2A.10 Interest payment amount per +security

AUD 1.62050000

2A.2 +Record Date

Thursday July 13, 2017

2A.4 First day of payment period

Friday April 21, 2017

2A.6 Number of days in the payment period

91

2A.8 Interest rate pro-rated for the number of days in the payment period

1.620500 %

2A.10(i) Comment on how the interest payment amount per security is calculated

Interest rate pro-rated for the number of days in the payment period (2A.8 above) multiplied by $100 (being the issue price per bond) and rounded to the nearest four decimal places.

2A.11 Are any of the below approvals required for the interest payment before business day 0 of the timetable?

Security holder approval Court approval

Lodgement of court order with +ASIC ACCC approval

FIRB approval

Another approval/condition external to the entity required before business day 0 of the timetable for the interest payment.

No

2A.12 Is the interest payment franked?

No

2A.13 Is the interest payment payable in the form of +securities rather than cash?

No

2A.14 Does the entity have arrangements relating to currency in which the interest payment is paid to security holders that it wishes to disclose to the market?

No

2A.15 Is there a principal amount payment component payable?

No

Part 3 - Floating rate +securities - details of interest rate applicable to the payment notified in Part 2A

  1. Date interest rate is set

    Friday April 21, 2017

  2. Comments on how the date that interest rate is set is determined

    The date of the interest rate is set for the first day of the interest period or the next business day after the first day of the interest period if the first day is not a business day. The method is consistent with the definition of Base Rate in the Base Prosepectus.

  3. Interest base rate

    1.7500 %

  4. Comments on how interest base rate is set

    3 Month BBSW mid-rate as released by the ASX on the Date interest rate is set (see 3.1 above).

  5. Interest margin

    4.7500 %

  6. Comments on how interest margin is set

    The interest margin is as per the definition of Margin in the Offer Specific Prospectus.

  7. Any other rate/multiplier used in calculating interest rate

    %

  8. Comments on how other rate used in calculating interest rate is set

    NA

  9. Total interest rate expressed as a per annum rate

    6.5000 %

  10. Comment on how the total interest rate expressed as a per annum rate is set

Aggregate of Interest base rate (see 3.3 above) and Interest margin (see 3.5 above).

Part 4 - Further information

  1. Please provide any further information applicable to this payment

    NA

  2. URL link to a copy of the prospectus/PDS or further information about the +security

    http://www.villaworld.com.au/investor-centre/shareholder/bonds-offer

  3. Additional information for inclusion in the Announcement Summary

Villa World Limited published this content on 21 April 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 21 April 2017 06:58:15 UTC.

Original documenthttp://www.villaworld.com.au/sites/default/files/ASX_Announcements/3. Appendix_03A 2017.04.21.pdf

Public permalinkhttp://www.publicnow.com/view/446E4997F8713D1D41645E55AFCB346C428CCD11