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ECSPONENT LIMITED - Monthly Dividend Finalisation Announcement

Release Date: 28/11/2014 11:19
Code(s): ECSP1 ECSP3     PDF:  
Wrap Text
Monthly 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

THIRD MONTHLY 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 dividend per share amount, to be paid on 15 December 2014 has been finalised.

Notice is hereby given that the following preference dividends have been declared in respect of the period
commencing on Monday, 10 November 2014 and ending on the date dividends start trading ex-dividend, being
8 December 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 per share 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                                                       76.71233                        101.64384
     (cents per share)
     Net local dividend amount
                                                                  65.20548                         86.39726
     (cents per share)

5.   The issued preference share capital in respect of the Class A Preference Shares and the Class C
     Preference Shares is as follows as at the date of this announcement:
     5.1. 19 450 Class A Preference Shares, issued at a price of R100 each; and
     5.2. 30 250 Class C Preference Shares, issued at a price of R100 each.

6.   The Company intends to issue additional Preference Shares prior to the last day to trade date.

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
28 November 2014


Sponsor
Questco Proprietary Limited

Date: 28/11/2014 11:19:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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