Wrap Text
Issue and listing of Class A, Class B and Class C Preference shares under its ZAR5bn Preference Share Programme
ECSPONENT LIMITED
(Incorporated in the Republic of South Africa with limited liability under registration number 1998/013215/06)
(“the Company”)
Ecsponent Pref Share A2 Ecsponent Pref Share A3
Short Name: ECSP A2 Short Name: ECSP A3
ECSP4 ECSP7
Tranche 9, Series 2 Tranche 2, Series 3
ISIN: ZAE000202495 ISIN: ZAE000210480
Issue date – 8 January 2016 Issue date – 8 January 2016
Ecsponent Pref Share B3 Ecsponent Pref Share C3
Short Name: ECSP B3 Short Name: ECSP C3
ECSP8 ECSP9
Tranche 3, Series 3 Tranche 2, Series 3
ISIN: ZAE000210498 ISIN: ZAE000210506
Issue date – 8 January 2016 Issue date – 8 January 2016
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 on 8 January 2016:
Ecsponent Pref Ecsponent Pref Ecsponent Pref Ecsponent Pref
Share A2 Share A3 Share B3 Share C3
Number of 532 9 701 18 030 102 870
Preference Shares
Nominal amount of R50,000.00 R920,000.00 R1,803,000.00 R10,287,000.00
this Tranche
Aggregate nominal R23,486,000.00 R1,613,000.00 R13,218,000.00 R15,567,000.00
amount of this Series
of Preference Shares
in issue after
issuance
Issue Price per R93.98 R94.53 R100.00 R100.00
Preference Share (average) (average)
Dividend 7 December 2015 7 December 2015 N/A 7 December 2015
Commencement
Date(s)
Dividend Record and Declaration and Declaration and N/A Declaration and
Payment Dates finalisation finalisation finalisation
announcements to be announcements to be announcements to be
released on SENS, released on SENS, released on SENS,
in compliance with in compliance with in compliance with
Schedule 18 of the Schedule 18 of the Schedule 18 of the
JSE Listings JSE Listings JSE Listings
Requirements Requirements Requirements
Dividend Rate 10% percent, per 10% percent, per N/A Prime Rate plus 4%
annum, payable annum, payable per cent, per annum,
monthly in arrears monthly in arrears payable monthly in
arrears, not
compound
Implied yield N/A N/A 10.66 percent per N/A
annum (nacm)
First Dividend 18 January 2016 18 January 2016 N/A 18 January 2016
payment date
Dividend periods Monthly Monthly N/A Monthly
Any other items Actual / 365 Actual / 365 N/A Actual / 365
relating to the
particular method of
calculating dividends
Redemption Record 6 March 2020 4 December 2020 6 November 2020 4 December 2020
Date
Redemption Amount R100 R100 R170 R100
Redemption Payment 9 March 2020 7 December 2020 9 November 2020 7 December 2020
Date
Following the above issuance, the total preference shares in issue are as follows:
- Class A Preference Shares: An aggregate nominal amount of R30,519,099.12 (comprising
R5 420 099.12 issued in terms of Series 1; R23,486,000.00 issued in terms of Series 2 and
R1,613,000.00 issued in terms of Series 3).
- Class B Preference Shares: An aggregate nominal amount of R67,507,000.00 (comprising
R8,133,000.00 issued in terms of Series 1; R46,156,000.00 issued in terms of Series 2 and
R13,218,000.00 issued in terms of Series 3).
- Class C Preference Shares: An aggregate nominal amount of R157,794,000.00 (comprising
R24,710,000.00 issued in terms of Series 1; R117,517,000.00 issued in terms of Series 2 and
R15,567,000.00 issued in terms of Series 3).
The total authorised amount of R5,000,000,000 under the Programme Memorandum has not been exceeded.
7 January 2016
For and on behalf of ECSPONENT LIMITED
Sponsor and corporate advisor
Questco (Pty) Ltd
Date: 07/01/2016 03:58:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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