20190603_Resolution Commonwealth_arnold coffee_redemption termination

Whereas the Company’s business involves carrying out securitization transactions in terms of the Securitisation Act, Chapter 484 of the Laws of Malta (the “Company”);
Whereas the Company has issued exchange traded instruments named Arnold Coffee Spa EUR Asset Backed ETD having ISIN MT0000951211(hereinafter – the “ETI Units”) under linked compartment 10;
Whereas ETD MALTA – Compartment 2, as collateral obligor of the Company’s compartment 10, at the date of the Redemption of the Securitisation Bonds, was in possession of below assets with the status:
Security Type Issuer/Bond Name Status
Bonds Arnold Coffee Bond 7% 2016-2021 Default
Wereas ETD MALTA – Compartment 2, as collateral obligor of the compartment 10, has received no payment for the assets,
Whereas the Company, in respect of linked compartment 10 has completed the Redemption of Securitisation Bonds
THEREFORE, the Board of Directors, in respect of said compartment 10 hereby resolves the following:

1.   To recognise Redemption of the Securitisation Bonds at 0.01EUR per Securitisation Bond

2.     To approve Redemption and Termination of ETI units at 0.01EUR per ETI unit

3.     To approve the gross amount to be paid in amount of 8.16 EUR

4.     To approve Redemption Payment Date as 14.05.2019

5.    To notify all and any third parties and / or authorities as may be necessary to affect the above-mentioned cancellation / termination of the Bonds and ETI units.
This resolution may be executed in counterpart. Each counterpart is to be read as an original document and all such counterparts are to be deemed as representing the same document.