ECSPONENT LIMITED - Issue and listing of Class A, Class B and Class C preference shares (Series 2)

Issue and listing of Class A, Class B and Class C preference shares (Series 2)

ECSPONENT LIMITED
(Incorporated in the Republic of South Africa with limited liability under registration number 1998/013215/06)

   Ecsponent Pref Share A2                    Ecsponent Pref Share B2             Ecsponent Pref Share C2
   Short Name: ECSP A2                        Short Name: ECSP B2                 Short Name: ECSP C2
   ECSP4                                      ECSP5                               ECSP6
   Tranche 4, Series 2                        Tranche 4, Series 2                 Tranche 4, Series 2
   ISIN: ZAE000202495                         ISIN: ZAE000202503                  ISIN: ZAE000202511
   Issue date – 10 July 2015                  Issue date - 10 July 2015           Issue date – 10 July 2015


     Issue and listing of Class A, Class B and Class C Preference shares under its ZAR5,000,000,000
                                       Preference Share Programme


The Company is pleased to announce that the preference shares below will be issued and listed on 10 July 2015, or as
soon as possible thereafter:

                                                   Ecsponent Pref         Ecsponent Pref         Ecsponent Pref
                                                      Share A2               Share B2               Share C2
 Number of Preference Shares                            35 566                 64 220                37 200

 Nominal amount of this Tranche                       R3 360 000            R6 422 000             R3 720 000

 Aggregate nominal amount of this Series             R15 868 000            R26 009 000           R46 705 000
 of Preference Shares in issue after
 issuance

 Issue Price per Preference Share                                             R100.00                R100.00
                                                        R94.47
                                                      (average)
 Dividend Commencement Date(s)                       8 June 2015                N/A                8 June 2015

 Dividend Record and Payment Dates                   Declaration and            N/A               Declaration and
                                                       finalisation                                 finalisation
                                                 announcements to be                          announcements to be
                                                 released on SENS, in                         released on SENS, in
                                                    compliance with                              compliance with
                                                   Schedule 18 of the                           Schedule 18 of the
                                                      JSE Listings                                 JSE Listings
                                                      Requirements                                 Requirements
 
 Dividend Rate                                      10% percent, per             N/A            Prime Rate plus 4%
                                                    annum, payable                             per cent, per annum,
                                                   monthly in arrears                           payable monthly in
                                                                                              arrears, not compound
 
 Implied yield                                            N/A             10.66 percent per             N/A
                                                                           annum (nacm)

 First Dividend payment date                         20 July 2015               N/A               20 July 2015

 Dividend periods                                       Monthly                 N/A                  Monthly

 Any other items relating to the particular           Actual / 365              N/A                Actual / 365
 method of calculating dividends


 Redemption Record Date                              6 March 2020          6 March 2020           6 March 2020

 Redemption Amount                                       R100                  R170                   R100

 Redemption Payment Date                             9 March 2020          9 March 2020           9 March 2020

Following the above issuance, the total preference shares in issue are as follows:

    -    Class A Preference Shares: An aggregate nominal amount of R21 288 099.12 (comprising
         R5 420 099.12 issued in terms of Series 1 and R15 868 000.00 issued in terms of Series 2)
    -    Class B Preference Shares: An aggregate nominal amount of R34 142 000.00 (comprising
         R8 133 000.00 issued in terms of Series 1 and R26 009 000.00 issued in terms of Series 2)
    -    Class C Preference Shares: An aggregate nominal amount of R71 415 000.00 (comprising
         R24 710 000.00 issued in terms of Series 1 and R46 705 000.00 issued in terms of Series 2)


The total authorised amount of ZAR5,000,000,000 under the Programme Memorandum has not been exceeded.


9 July 2015
For and on behalf of ECSPONENT LIMITED

Sponsor and corporate advisor
Questco (Pty) Ltd

Date: 09/07/2015 05:33:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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