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ECSPONENT LIMITED - Issue and listing of Class A, Class B and Class C Preference shares under its ZAR5bn Preference Share Programme

Release Date: 07/01/2016 15:58
Code(s): ECSP4 ECSP8 ECSP9 ECSP7     PDF:  
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'). 
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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