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ECSPONENT LIMITED - Issue and listing of Class A, Class B and Class C Preference shares - ECSP1,2,3

Release Date: 05/12/2014 13:30
Code(s): ECSP1 ECSP2 ECSP3     PDF:  
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Issue and listing of Class A, Class B and Class C Preference shares - ECSP1,2,3

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

Ecsponent Pref Share A             Ecsponent Pref Share B                     Ecsponent Pref Share C
Short Name: ECSP A                 Short Name: ECSP B                         Short Name: ECSP C
ECSP1                              ECSP2                                      ECSP3
Tranche 3, Series 1                Tranche 3, Series 1                        Tranche 3, Series 1
ISIN: ZAE000196317                 ISIN: ZAE000196309                         ISIN: ZAE000196291
Issue date - 5 December 2014       Issue date - 5 December 2014               Issue date – 5 December 2014


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 today:

                                      Ecsponent Pref Share A         Ecsponent Pref Share B       Ecsponent Pref Share C
                                      46 716                         36 280                       82 700
Number of Preference Shares
                                      
Nominal amount of this Tranche        R3 971 000                     R3 628 000                   R8 270 000

Aggregate nominal amount of           R4 871 000                     R5 653 000                   R11 295 000
Preference Shares in issue after
issuance

                                      High: R85.03
Issue Price per Preference Share      Low: RR84.75                   R100.00                      R100.00
                                      Weighted average issue
                                      price: R85.003

Dividend Commencement Date(s)         5 December 2014                N/A                          5 December 2014

                                      Declaration and finalisation                                Declaration and finalisation
                                      announcements to be                                         announcements to be
Dividend Record and Payment           released on SENS, in                                        released on SENS, in
Dates                                 compliance with Schedule       N/A                          compliance with Schedule                                                                                          
                                      24 of the JSE Listings                                      24 of the JSE Listings
                                      Requirements                                                Requirements


                                      10% percent, per annum,                                     Prime Rate plus 4% per
Dividend Rate                         payable monthly in arrears     N/A                          cent, per annum, payable
                                                                                                  monthly in arrears, not
                                                                                                  compound

Implied yield                         N/A                            10.66 percent per annum      N/A
                                                                     (nacm)

First Dividend payment date           15 December 2014               N/A                          15 December 2014

Dividend periods                      Monthly                        N/A                          Monthly

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

Redemption Record Date                27 September 2019              27 September 2019            27 September 2019
Redemption Amount                     R100                           R170                         R100

Redemption Payment Date               7 October 2019                 7 October 2019               7 October 2019

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

5 December 2014
For and on behalf of ECSPONENT LIMITED

Sponsor and corporate advisor
Questco (Pty) Ltd

Date: 05/12/2014 01:30:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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