To view the PDF file, sign up for a MySharenet subscription.

ECSPONENT LIMITED - CANCELLATION OF S355264 Dividend declaration and finalisation announcement on Series 2 Preference Shares

Release Date: 11/03/2015 15:44
Code(s): ECSP6 ECSP4     PDF:  
Wrap Text
CANCELLATION OF S355264 Dividend declaration and finalisation announcement on Series 2 Preference Shares

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 A2                                 Ecsponent Pref Share C2
JSE Code: ECSP4                                         JSE Code: ECSP6
ISIN: ZAE000202495                                      ISIN: ZAE000202511


MONTHLY DIVIDEND DECLARATION AND FINALISATION ANNOUNCEMENT IN RESPECT OF SERIES 2
PREFERENCE SHARES

Holders of Series 2 Class A Preference Shares and holders of Series 2 Class C Preference Shares (collectively
“Preference Shareholders”) are hereby advised that the following preference dividends have been declared in
respect of the period commencing on 06 March 2015 and ending on the date dividends start trading ex-dividend,
being 30 March 2015:

      -  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.

Relevant dates in relation to this dividend payment are set out below:
     Last day to trade to appear in the register on Record Date                            Friday, 27 March 2015
     Preference shares start trading ex-dividend                                           Monday, 30 March 2015
     Record Date                                                                           Thursday, 2 April 2015
     Payment Date                                                                          Tuesday, 07 April 2015


In accordance with the requirements of Strate, no share certificates may be dematerialised or rematerialised
between the dates that dividends start trading ex-dividend and the Record Dates.

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
                                                     (Series 2)                              (Series 2)

          Gross local dividend
          amount
          (cents per share)                                 68.49315                             90.75342
          

          Net local dividend amount
          (cents per share)                                 58.21918                             77.14041
          


5.   The issued preference share capital in Series 2 in respect of Class A Preference Shares and the Class C
     Preference Shares is as follows as at the date of this announcement:
     5.1. 40 453 Class A Preference Shares (total issued capital: R4 000 000); and
     5.2. 97 800 Class C Preference Shares, (total issued capital: R9 780 000).

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.



Pretoria
11 March 2015


Sponsor
Questco Proprietary Limited

Date: 11/03/2015 03:44:59 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.

Share This Story