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ECSPONENT LIMITED - Issue and listing of preference shares Class A, B and C under its ZAR5,000,000,000 preference share programme

Release Date: 06/04/2016 16:00
Code(s): ECSP8 ECSP9 ECSP7 ECSP10     PDF:  
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Issue and listing of preference shares Class A, B and C under its ZAR5,000,000,000 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 A3                                        Ecsponent Pref Share B3
Short Name: ECSP A3                                            Short Name: ECSP B3
ECSP7                                                          ECSP8
Tranche 4, Series 3                                            Tranche 5, Series 3
ISIN: ZAE000210480                                             ISIN: ZAE000210498

Ecsponent Pref Share A4                                        Ecsponent Pref Share C3
Short Name: ECSP A4                                            Short Name: ECSP C3
ECSP10                                                         ECSP9
Tranche 1, Series 4                                            Tranche 4, Series 3
ISIN: ZAE000217196                                             ISIN: ZAE000210506

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 April 2016, or as
soon as possible thereafter:

                            Ecsponent Pref            Ecsponent Pref           Ecsponent Pref           Ecsponent Pref
                            Share A3                  Share A4                 Share B3                 Share C3

Number of                  8 000                     350                      101 080                   273 560
Preference Shares
 
Nominal amount of           R800 000.00               R35 000.00             R10 108 000.00            R27 356 000.00
this Tranche

Aggregate nominal           R3 513 000.00             R35 000.00             R32 995 500.00            R66 493 000.00
amount of this Series
of Preference Shares
in issue after
issuance

Issue Price per             R100.00                  R100.00                  R100.00                  R100.00
Preference Share

Dividend                   7 March 2016              7 March 2016              N/A                     7 March 2016
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 April 2016            18 April 2016                N/A                 18 April 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          4 December 2020             9 April 2021           6 November 2020         4 December 2020
Date

Redemption Amount          R100                         R100                    R170                   R100

Redemption Payment         7 December 2020             12 April 2021          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 R32 454 099.12 (comprising
         R5 420 099.12 issued in terms of Series 1; R23 486 000.00 issued in terms of Series 2, R3 513 000.00
         issued in terms of Series 3, and R35 000.00 in terms of Series 4).

     -   Class B Preference Shares: An aggregate nominal amount of R86 029 500.00 (comprising
         R6 868 000.00 issued in terms of Series 1; R46 156 000.00 issued in terms of Series 2, R32 995 500.00
         issued in terms of Series 3, and R10 000 in terms of Series 4).

     -   Class C Preference Shares: An aggregate nominal amount of R208 720 000 (comprising
         R24 710 000.00 issued in terms of Series 1; R117 517 000.00 issued in terms of Series 2 and
         R66 493 000 issued in terms of Series 3).


The total authorised amount of R5,000,000,000 under the Programme Memorandum has not been exceeded.


6 April 2016

For and on behalf of ECSPONENT LIMITED

Sponsor and corporate advisor
Questco (Pty) Ltd

Date: 06/04/2016 04:00:00 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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