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ECSPONENT LIMITED - Dividend Finalisation Announcement

Release Date: 07/10/2014 08:33
Code(s): ECSP1 ECSP3     PDF:  
Wrap Text
Dividend Finalisation Announcement

ECSPONENT LIMITED
(Previously John Daniel Holdings Limited)
Incorporated in the Republic of South Africa
Registration number: 1998/013215/06
(“the Company” or “Ecsponent”)

                  Ecsponent Pref Share A                                 Ecsponent Pref Share C
                    JSE Code: ECSP1                                         JSE Code: ECSP3
                   ISIN: ZAE000196317                                     ISIN: ZAE000196291

DIVIDEND FINALISATION ANNOUNCEMENT

Further to the announcement released by the Company on Friday, 3 October 2014, holders of Class A
Preference Shares and holders of Class C Preference Shares (collectively “Preference Shareholders”) are
hereby advised that the amount of the dividend payment to be made on 20 October 2014 has been finalised.

Notice is hereby given that the following preference dividends have been declared in respect of the 11 day period
commencing on date of issue of the preference shares (being, 6 October 2014) and ending on the record date for
the dividend (being, 17 October 2014):

     -   in respect of the Class A Preference Shares, a dividend at the rate of 10% per annum; and
     -   in respect of the Class C Preference Shares, a dividend at the rate of 13.25% per annum (being the
         prime rate plus 4%),
the cents amounts of which have been disclosed below.

In terms of the Listings Requirements of the JSE, the following additional information is provided:

1.   The dividends have been declared from income reserves;
2.   The dividend withholding tax rate is 15%;
3.   No Secondary Tax on Companies (“STC”) credits have been utilised;
4.   The gross local dividend amounts and the net local dividend amount payable to Preference Shareholders
     that are subject to dividends withholding tax is set out below:

                                           Class A Preference Share               Class C Preference Share
         Gross local dividend
         amount                                                     32.877                               43.562
         (cents per share)
         Net local dividend amount
                                                                  27.94545                             37.0277
         (cents per share)

5.   As at today (7 October 2014), the issued preference share capital in respect of the Class A Preference
     Shares and the Class C Preference Shares is as follows:
     5.1. 10 000 Class A Preference Shares, issued at a price of R100 each; and
     5.2. 10 000 Class C Preference Shares, issued at a price of R100 each.
6.   Preference Shareholders are referred to the announcement released earlier today, in terms of which it was
     disclosed that the issued share capital in respect of the Class A Preference Shares and the Class C
     Preference Shares will be adjusted (with effect from tomorrow, 8 October 2014) to reflect as follows:
     6.1. 9 000 Class A Preference Shares, issued at a price of R100 each; and
     6.2. 9 900 Class C Preference Shares, issued at a price of R100 each.
7.   Ecsponent’s income tax number is 9235/264/84/4.

Preference Shareholders are referred to the announcement released by the Company on SENS on Friday,
3 October 2014 which contains the salient dates and times relating to this dividend.

Pretoria
7 October 2014


Sponsor
Questco Proprietary Limited

Date: 07/10/2014 08:33:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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