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ECSPONENT LIMITED - Issue and listing of Class A, Class B and Class C Preference Shares

Release Date: 04/09/2015 08:43
Code(s): ECSP6 ECSP5 ECSP4     PDF:  
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Issue and listing of Class A, Class B and Class C Preference Shares

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

   Ecsponent Pref Share A2                    Ecsponent Pref Share B2               Ecsponent Pref Share C2
   Short Name: ECSP A2                        Short Name: ECSP B2                   Short Name: ECSP C2
   ECSP4                                      ECSP5                                 ECSP6
   Tranche 5, Series 2                        Tranche 5, Series 2                   Tranche 5, Series 2
   ISIN: ZAE000202495                         ISIN: ZAE000202503                    ISIN: ZAE000202511
   Issue date – 4 September 2015              Issue date - 4 September 2015         Issue date – 4 September 2015


     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,
4 September 2015:

                                                   Ecsponent Pref         Ecsponent Pref          Ecsponent Pref
                                                      Share A2               Share B2                Share C2
 Number of Preference Shares                            25 412                   71 330               271 665

 Nominal amount of this Tranche                       R2,410,000              R7,133,000            R27,166,500

 Aggregate nominal amount of this Series             R18,278,000              R33,412,000           R73,571,500
 of Preference Shares in issue after
 issuance

 Issue Price per Preference Share                       R94.84                  R100.00               R100.00
                                                       (average)

 Dividend Commencement Date(s)                      7 August 2015                 N/A              7 August 2015

 Dividend Record and Payment Dates                   Declaration and              N/A              Declaration and
                                                       finalisation                                  finalisation
                                                   announcements to be                           announcements to be
                                                 released on SENS, in                          released on SENS, in
                                                    compliance with                               compliance with
                                                   Schedule 18 of the                            Schedule 18 of the
                                                      JSE Listings                                  JSE Listings
                                                      Requirements                                  Requirements
 
 Dividend Rate                                     10% percent, per               N/A           Prime Rate plus 4%
                                                    annum, payable                              per cent, per annum,
                                                   monthly in arrears                            payable monthly in
                                                                                               arrears, not compound
 Implied yield                                            N/A            10.66 percent per               N/A
                                                                          annum (nacm)
 
 First Dividend payment date                      14 September 2015               N/A           14 September 2015

 Dividend periods                                       Monthly                   N/A                 Monthly

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


 Redemption Record Date                              6 March 2020             6 March 2020         6 March 2020

 Redemption Amount                                       R100                    R170                  R100

 Redemption Payment Date                             9 March 2020             9 March 2020         9 March 2020

Following the above issuance, the total preference shares in issue are as follows:

    -    Class A Preference Shares: An aggregate nominal amount of R23 698 099.12 (comprising
         R5 420 099.12 issued in terms of Series 1 and R18 278 000.00 issued in terms of Series 2)
    -    Class B Preference Shares: An aggregate nominal amount of R41 275 000.00 (comprising
         R8 133 000.00 issued in terms of Series 1 and R33 142 000.00 issued in terms of Series 2)
    -    Class C Preference Shares: An aggregate nominal amount of R98 281 500.00 (comprising
         R24 710 000.00 issued in terms of Series 1 and R73 571 500.00 issued in terms of Series 2)


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


4 September 2015
For and on behalf of ECSPONENT LIMITED

Sponsor and corporate advisor
Questco (Pty) Ltd

Date: 04/09/2015 08:43:00 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,
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