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Monthly interest declaration and finalisation announcement
ECSPONENT LIMITED
Incorporated in the Republic of South Africa
Registration number: 1998/013215/06
JSE Code: ECS - ISIN: ZAE000179594
Debt Issuer Code: ECSD
(“the Company” or “Ecsponent”)
Notes Series number JSE Code ISIN
Fixed Rate Notes 1 ECSFX1 ZAE000265393
2 ECSFX2 ZAE000266813
3 ECSFX3 ZAE000266821
4 ECSFX4 ZAE000275566
5 ECSFX5 ZAE000275574
6 ECSFX6 ZAE000275582
Floating Rate Notes 1 ECSFL1 ZAE000265401
2 ECSFL2 ZAE000275616
Monthly interest declaration and finalisation announcement
Holders of Notes issued by Ecsponent in terms of its ZAR10,000,000,000 Domestic Medium Term Note
Programme are hereby advised that the interest per Note amount, to be paid on Monday, 16 March 2020,
has been finalised.
Notice is given of the declaration of the following interest in respect of the period commencing on Tuesday,
11 February 2020 and ending on the date that the Notes start trading ex-interest, being Wednesday,
11 March 2020 in respect of:
• Series 1 Fixed Rate Notes, an interest rate of 9%;
• Series 2 Fixed Rate Notes, an interest rate of 10%;
• Series 3 Fixed Rate Notes, an interest rate of 12%;
• Series 4 Fixed Rate Notes, an interest rate of 9%;
• Series 5 Fixed Rate Notes, an interest rate of 10%;
• Series 6 Fixed Rate Notes, an interest rate of 12%;
• Series 1 Floating Rate Notes, an interest rate of 11.25% (being the prime rate plus 1.5%); and
• Series 2 Floating Rate Notes, an interest rate of 11.25% (being the prime rate plus 1.5%).
Relevant dates in relation to this interest payment are set out below:
Last day to trade to appear in the register on Record Date Tuesday, 10 March 2020
Notes start trading ex-interest Wednesday, 11 March 2020
Record Date Friday, 13 March 2020
Payment Date Monday, 16 March 2020
In terms of the Debt Listings Requirements of the JSE, the following additional information is provided:
1. The interest is paid from income reserves.
2. The Company shall be entitled to an administration fee of 0.25% per annum on the Initial Issue Price,
inclusive of VAT, payable monthly in arrears on the Monthly Interest Payment Dates.
3. 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 Note interest (plus the applicable VAT
thereon).
4. Ecsponent’s income tax number is 9235/264/84/4.
5. At the date hereof, Ecsponent has issued the following Notes:
• Fixed Rate Notes: An aggregate nominal amount of R84 210 100 (comprising R1 250 000 issued
in terms of Series 1; R16 913 000 issued in terms of Series 2; R32 150 000 issued in terms of
Series 3; R250 000 issued in terms of Series 4; R10 933 300 issued in terms of Series 5 and
R22 713 800 issued in terms of Series 6);
• Floating Rate Notes: An aggregate nominal amount of R34 868 600.00 (comprising R15 667 000
in terms of Series 1 and R19 201 600 in terms of Series 2); and
• Zero Coupon Notes: An aggregate nominal amount of R27 981 500 (comprising R10 148 000.00
in terms of Series 1 and R17 833 500 in terms of Series 2).
Fixed Rate Notes:
Series 1 Series 2 Series 3 Series 4 Series 5 Series 6
Interest per Note (cents per 69.04110 76.71233 92.05479 69.04110 76.71233 92.05479
Note)
Gross distributable amount to
Noteholders
Less: Administration fee of (1.91781) (1.91781) (1.91781) (1.91781) (1.91781) (1.91781)
0.25% of the initial Issue Price
(as set out in the relevant
Applicable Pricing Supplements)
per annum inclusive of VAT to be
withheld by the Company
Net distribution amount to 67.12329 74.79452 90.13698 67.12329 74.79452 90.13698
Noteholders
Floating Rate Notes:
Series 1 Series 2
Interest per Note (cents per Note) 86.30137 86.30137
Gross distributable amount to Noteholders
Less: Administration fee of 0.25% of the initial Issue Price (as set out in the (1.91781) (1.91781)
relevant Applicable Pricing Supplements) per annum inclusive of VAT to be
withheld by the Company
Net distribution amount to Noteholders 84.38356 84.38356
The Company may issue additional Series 1, 2, 3, 4, 5 and/or 6 Fixed Rate and/or Series 1 and/or 2 Floating
Rate Notes prior to the last day to trade date.
For more information about this announcement or the Ecsponent group, email
investor.relations@ecsponent.com or visit www.ecsponentlimited.com/investor-relations
26 February 2020
Pretoria
Sponsor to Ecsponent
Questco Corporate Advisory (Pty) Ltd
Date: 26-02-2020 03:44:00
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