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ECSPONENT LIMITED - Issue and listing of Preference Shares

Release Date: 02/06/2016 17:33
Code(s): ECSP10 ECSP11 ECSP7 ECSP8 ECSP9 ECSP12     PDF:  
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Issue and listing of Preference Shares

ECSPONENT LIMITED
(Incorporated in the Republic of South Africa)
Registration number 1998/013215/06
(“the Company”)



Ecsponent Pref Share A3            Ecsponent Pref Share A4               Ecsponent Pref Share B3
Short Name: ECSP A3                Short Name: ECSP A4                   Short Name: ECSP B3
ECSP7                              ECSP10                                ECSP8
Tranche 6, Series 3                Tranche 3, Series 4                   Tranche 7, Series 3
ISIN: ZAE000210480                 ISIN: ZAE000217196                    ISIN: ZAE000210498



Ecsponent Pref Share B4            Ecsponent Pref Share C3               Ecsponent Pref Share C4
Short Name: ECSP B11               Short Name: ECSP C3                   Short Name: ECSP B12
ECSP11                             ECSP9                                 ECSP12
Trance 2, Series 4                 Tranche 6, Series 3                   Trance 1, Series 4
ISIN: ZAE000214441                 ISIN: ZAE000210506                    ISIN: ZAE000218525


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 summarised in the table below will be issued and listed
as detailed in the table.

Following the issuance, the total preference shares in issue are as follows:

-        Class A Preference Shares: An aggregate nominal amount of R38 788 599.12 (comprising R5 420 099.12
         issued in terms of Series 1; R23 486 000.00 issued in terms of Series 2, R4 766 000.00 issued in terms
         of Series 3, and R308 500.00 in terms of Series 4).

-        Class B Preference Shares: An aggregate nominal amount of R93 857 800.00 (comprising R6 868 000.00
         issued in terms of Series 1; R46 156 000.00 issued in terms of Series 2, R36 949 200.00 issued in terms
         of Series 3, and R3 874 600.00 in terms of Series 4).

-        Class C Preference Shares: An aggregate nominal amount of R271 085 600.00 (comprising
         R24 710 000.00 issued in terms of Series 1; R117 517 000.00 issued in terms of Series 2,
         R117 101 600.00 issued in terms of Series 3 and R11 757 000.00 issued in terms of Series 4).



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

                              Ecsponent Pref Share     Ecsponent Pref Share     Ecsponent Pref      Ecsponent Pref      Ecsponent Pref Share     Ecsponent Pref Share
                                      A3                       A4                  Share B3            Share B4                 C3                       C4

Number of Preference                   300                     2 072                 6 250               38 646                104 506                  117 570
Shares
Nominal amount of this             R30 000.00              R195 000.00            R625 000.00        R3 864 600.00         R10 450 600.00           R11 757 000.00
Tranche
Issue Price per Preference           R100.00                  R94.11                R100.00             R100.00                R100.00                  R100.00
Share

Listing date                       3 June 2016              3 June 2016           3 June 2016         3 June 2016            3 June 2016             10 June 2016

Dividend Commencement              9 May 2016               9 May 2016                N/A                 N/A                9 May 2016               9 May 2016
Date(s)
Dividend Record and               Declaration and          Declaration and            N/A                 N/A               Declaration and          Declaration and
Payment Dates                       finalisation             finalisation                                                     finalisation             finalisation
                               announcements to be      announcements to be                                              announcements to be      announcements to be
                               released on SENS, in     released on SENS, in                                             released on SENS, in     released on SENS, in
                                  compliance with          compliance with                                                  compliance with          compliance with
                              Schedule 18 of the JSE   Schedule 18 of the JSE                                           Schedule 18 of the JSE   Schedule 18 of the JSE
                              Listings Requirements    Listings Requirements                                            Listings Requirements    Listings Requirements
Dividend Rate                   10% percent, per         10% percent, per             N/A                 N/A           Prime Rate plus 4% per    Prime Rate plus 4%
                                 annum, payable           annum, payable                                                    cent, per annum,      percent, per annum,
                                monthly in arrears       monthly in arrears                                                payable monthly in      payable monthly in
                                                                                                                        arrears, not compound    arrears. not compound
Implied yield                          N/A                      N/A             10.66 percent per   10.66 percent per              N/A                     N/A
                                                                                 annum (nacm)        annum (nacm)
First Dividend payment            13 June 2016             13 June 2016               N/A                 N/A               13 June 2016             13 June 2016
date
Dividend periods                     Monthly                  Monthly                 N/A                 N/A                  Monthly                  Monthly

Any other items relating to        Actual / 365             Actual / 365              N/A                 N/A                Actual / 365             Actual / 365
the particular method of
calculating dividends

Redemption Record Date          4 December 2020             9 April 2021        6 November 2020      5 March 2021         4 December 2020            11 June 2021

Redemption Amount                     R100                     R100                  R170                R170                   R100                     R100

Redemption Payment              7 December 2020            12 April 2021        9 November 2020      8 March 2021         7 December 2020            14 June 2021
Date


  02 June 2016
  For and on behalf of ECSPONENT LIMITED

  Sponsor
  Questco (Pty) Ltd

Date: 02/06/2016 05:33:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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