Wrap Text
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)
(“the Company”)
Ecsponent Pref Share Ecsponent Pref Share Ecsponent Pref Share Ecsponent Pref Share
A2 B2 B3 C2
Short Name: ECSP A2 Short Name: ECSP B2 Short Name: ECSP B3 Short Name: ECSP C2
ECSP4 ECSP5 ECSP8 ECSP6
Tranche 6, Series 2 Tranche 6, Series 2 Tranche 1, Series 3 Tranche 6, Series 2
ISIN: ZAE000202495 ISIN: ZAE000202503 ISIN: ZAE000210498 ISIN: ZAE000202511
Issue date – 6 November Issue date – 6 November Issue date – 6 November Issue date – 6 November
2015 2015 2015 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, 6 November 2015:
Ecsponent Pref Ecsponent Pref Ecsponent Pref Ecsponent Pref
Share A2 Share B2 Share B3 Share C2
Number of Preference Shares 29,534 67 940 8 200 147 930
Nominal amount of this R2,780,000 R6,794,000 R820,000 R14,793,000
Tranche
Aggregate nominal amount of R22,486,000 R46,156,000 R820,000 R109,203,000
this Series of Preference
Shares in issue after issuance
Issue Price per Preference R94.13 R100.00 R100.00 R100.00
Share (average)
Dividend Commencement 12 October 2015 N/A N/A 12 October 2015
Date(s)
Dividend Record and Payment Declaration and N/A N/A Declaration and
Dates finalisation finalisation
announcements announcements to
to be released on be released on
SENS, in SENS, in
compliance with compliance with
Schedule 18 of Schedule 18 of
the JSE Listings the JSE Listings
Requirements Requirements
Dividend Rate 10% percent, per N/A N/A Prime Rate plus
annum, payable 4% per cent, per
monthly in annum, payable
arrears monthly in arrears,
not compound
Implied yield N/A 10.66 percent per 10.66 percent per N/A
annum (nacm) annum (nacm)
First Dividend payment date 16 November N/A N/A 16 November
2015 2015
Dividend periods Monthly N/A N/A Monthly
Any other items relating to the Actual / 365 N/A N/A Actual / 365
particular method of
calculating dividends
Redemption Record Date 6 March 2020 6 March 2020 6 November 2020 6 March 2020
Redemption Amount R100 R170 R170 R100
Redemption Payment Date 9 March 2020 9 March 2020 9 November 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 R27,906,099.12 (comprising
R5 420 099.12 issued in terms of Series 1 and R22,486,000.00 issued in terms of Series 2)
- Class B Preference Shares: An aggregate nominal amount of R55,109,000.00 (comprising
R8 133 000.00 issued in terms of Series 1; R46,156,000.00 issued in terms of Series 2 and
R820,000.00 issued in terms of Series 3)
- Class C Preference Shares: An aggregate nominal amount of R133,913,000.00 (comprising
R24 710 000.00 issued in terms of Series 1 and R109,203,000.00 issued in terms of Series 2)
The total authorised amount of ZAR5,000,000,000 under the Programme Memorandum has not been exceeded.
6 November 2015
For and on behalf of ECSPONENT LIMITED
Sponsor and corporate advisor
Questco (Pty) Ltd
Date: 06/11/2015 03:00:00 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,
information disseminated through SENS.
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