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ECSPONENT LIMITED - Approval of an asset management license in Botswana by Ecsponent Asset Management (Pty) Ltd Botswana

Release Date: 07/04/2016 14:00
Code(s): ECS     PDF:  
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Approval of an asset management license in Botswana by Ecsponent Asset Management (Pty) Ltd Botswana

ECSPONENT LIMITED
Incorporated in the Republic of South Africa
Registration number: 1998/013215/06
JSE Code: ECS - ISIN: ZAE000179594
("the Company" or "Ecsponent" or “the Group”)


Approval of an asset management licence in Botswana by Ecsponent Asset Management (Pty) Ltd
Botswana

The board of directors of Ecsponent is pleased to advise shareholders that Ecsponent Asset Management
(Pty) Ltd (“Ecsponent Asset Management”), a 70% subsidiary of the Company, has been granted a license
to operate as an investment company with variable capital in Botswana, in accordance with section 43(1) of
the Non-Bank Financial Institutional Regulatory Authority Act.

The licence provides the Group with access to a large and diversified investor base in both the retail and
commercial sectors. In addition the licence entitles the Group to market an extended range of financial
products which will be introduced shortly.

The directors anticipate the acquisition of a significant asset base which the Group would manage under the
licence and will advise shareholders thereof as contracts are concluded

Pretoria

7 April 2016

Sponsor




Questco (Pty) Ltd

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