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ECSPONENT LIMITED - Change of Sponsor

Release Date: 01/09/2014 17:10
Code(s): ECS     PDF:  
Wrap Text
Change of Sponsor

ECSPONENT LIMITED
(Previously John Daniel Holdings Limited)
Incorporated in the Republic of South Africa
Registration number: 1998/013215/06
JSE Code: ECS - ISIN: ZAE000179594
("Ecsponent" or "the Company")


CHANGE OF SPONSOR


Shareholders are advised that, following the recent restructure of Ecsponent 
and appointment of Questco Proprietary Limited (“Questco”) as the Company’s debt sponsor, 
a decision has been taken to also appoint Questco as the Company’s Sponsor.
This appointment will take effect from 1 September 2014.


Accordingly, Arcay Moela Sponsors Proprietary Limited (“Arcay”) has resigned as
Ecsponent’s sponsor with effect from 31 August 2014 and wishes the board and restructured
group success in its new direction and initiatives. Arcay will continue as transaction sponsor
in terms of the recently announced Rights Offer until the Rights Offer results are announced
on SENS.


1 September 2014


Sponsor
Arcay Moela Sponsors Proprietary Limited

Date: 01/09/2014 05:10:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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