Issue and listing of Notes under the ZAR10,000,000,000 Domestic Medium Term Note Programme
ECSPONENT LIMITED
Incorporated in the Republic of South Africa
Registration number: 1998/013215/06
JSE Code: ECS - ISIN: ZAE000179594
(“the Company”)
Notes Series number JSE Code ISIN
Fixed Rate Notes 1 ECSFX1 ZAE000265393
Floating Rate Notes 1 ECSFL1 ZAE000265401
Zero Coupon Notes 1 ECSZR1 ZAE000265419
Issue and listing of Notes under the ZAR10,000,000,000 Domestic Medium Term Note Programme
The Company is pleased to announcement that the Notes summarised in the table below will be issued and
listed as detailed in the table.
Fixed Rate Notes Floating Rate Notes Zero Coupon Notes
Type of issue New issue New issue New issue
Number of Notes 100 1 000 1 000
Nominal amount of this R10 000 R100 000 R100 000
Tranche
Issue Price per Preference R100 R100 R100
Share
Issue and Listing date 10 December 2018 10 December 2018 10 December 2018
Interest Commencement 10 December 2018 10 December 2018 10 December 2018
Date
Interest Rate 9% per annum, payable Prime (10.25%) plus 1.5% N/A
monthly in arrears on the per annum, payable
third Monday of each monthly in arrears on the
month third Monday of each
month
Implied yield N/A N/A 10.66% per annum
(NACM)
First interest payment date 21 January 2019 21 January 2019 N/A
Interest periods Each period commencing Each period commencing N/A
on (and including) an on (and including) an
Interest Payment Date and Interest Payment Date and
ending on (but excluding) ending on (but excluding)
the following Interest the following Interest
Payment Date; provided Payment Date; provided
that the first Interest Period that the first Interest Period
will commence on (and will commence on (and
include) the interest include) the interest
commencement date and commencement date and
end on (but exclude) 21 end on (but exclude) 21
January 2019 (each January 2019 (each
Interest Payment Date as Interest Payment Date as
adjusted in accordance adjusted in accordance
with the applicable with the applicable
Business Day Convention). Business Day Convention).
Any other items relating to Actual / 365 Actual / 365 Actual / 365
the particular method of
calculating dividends
Redemption Record Date 10 December 2021 10 December 2021 10 December 2021
Redemption Payment Date 14 December 2021 14 December 2021 14 December 2021
Redemption Amount R100 R100 R137.49
The total amount issued under the Note Programme at date hereof is R210 000.
Interest Record and Payment Dates in respect of the Notes
Declaration and finalisation announcements will be released on SENS, in compliance with Schedule 4 Form
A5 of the JSE Listings Requirements.
Other relevant information in respect of the Notes:
The Company shall be entitled to an administration fee in respect of the Notes of 0.25% per annum on the
Initial Issue Price, inclusive of VAT, payable monthly in arrears on the Monthly Interest Payment Dates, in
respect of the Fixed and Floating Rate Notes, and on redemption in respect of the Zero-Coupon Notes.
The administration fee is subject to the Value-Added Tax Act of 1991. The Company has the right to recover
the monthly administration fee, from the monthly interest on the Notes (plus the applicable VAT thereon)
For and on behalf of ECSPONENT LIMITED
7 December 2018
Sponsor
Questco Corporate Advisory (Pty) Ltd
Date: 07/12/2018 11:24:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.