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ECSPONENT LIMITED - Issue and listing of Preference Shares

Release Date: 07/10/2016 16:18
Code(s): ECSP10 ECSP11 ECSP12 ECSP14 ECSP15 ECSP17     PDF:  
Wrap Text
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 A4                                    Ecsponent Pref Share B4
    Short Name: ECSP A4                                         Short Name: ECSP B4
    ECSP10                                                      ECSP11
    Tranche 6, Series 4                                         Trance 6 Series 4
    ISIN; ZAE000217196                                          ISIN: ZAE000214441
    
    Ecsponent Pref Share B5                                     Ecsponent Pref Share C4
    Short Name: ECSP B5                                         Short Name: ECSP C4
    ECSP14                                                      ECSP12
    Tranche 3, Series 5                                         Tranche 5, Series 4
    ISIN: ZAE000221362                                          ISIN: ZAE000218525

    Ecsponent Pref. Share B6                                    Ecsponent Pref. Share C5
    Short Name: ECSP B6                                         Short Name: ECSP C5
    ECSP17                                                      ECSP15
    Tranche 1, Series 6                                         Tranche 3, Series 5
    ISIN; ZAE000229878                                          ISIN: ZAE000222501



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 R36 337 999.12 (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 R2 665 900.00 issued in terms of Series 4).

-        Class B Preference Shares: An aggregate nominal amount of R115 715 500.00 (comprising
         R6 868 000.00 issued in terms of Series 1; R46 166 000.00 issued in terms of Series 2, R36 949 200.00
         issued in terms of Series 3, R11 455 700.00 issued in terms of Series 4, R14 266 600.00 issued in terms
         of Series 5 and R10 000.00 issued in terms of Series 6).

-        Class C Preference Shares: An aggregate nominal amount of R366 081 800.00 (comprising
         R24 710 000.00 issued in terms of Series 1; R117 517 000.00 issued in terms of Series 2,
         R118 001 600.00 issued in terms of Series 3, R74 706 300.00 issued in terms of Series 4 and
         R31 146 900.00 issued in terms of Series 5).


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

                              Ecsponent Pref Share     Ecsponent Pref      Ecsponent Pref      Ecsponent Pref      Ecsponent Pref Share     Ecsponent Pref Share
                                      A4                  Share B4            Share B5           Share B6                  C4                       C5

Number of Preference                 18 537                  200                76 050               100                  15 000                   295 069
Shares
Nominal amount of this             R1 750 400              R20 000           R7 605 000            R10 000              R1 500 000              R29 506 900
Tranche
Issue Price per Preference           R94.43                 R100                R100                R100                   R100                     R100
Share

Listing date                     11 October 2016       11 October 2016     11 October 2016     11 October 2016        11 October 2016          11 October 2016

Dividend Commencement          14 September 2016             N/A                 N/A                 N/A            14 September 2016        14 September 2016
Date(s)

Dividend Record and               Declaration and            N/A                 N/A                 N/A               Declaration and          Declaration and
Payment Dates                       finalisation                                                                         finalisation             finalisation
                               announcements to be                                                                  announcements to be      announcements to be
                               released on SENS, in                                                                 released on SENS, in     released on SENS, in
                                  compliance with                                                                      compliance with          compliance with
                              Schedule 18 of the JSE                                                               Schedule 18 of the JSE   Schedule 18 of the JSE
                              Listings Requirements                                                                Listings Requirements    Listings Requirements

Dividend Rate                   10% percent, per             N/A                 N/A                 N/A            Prime Rate plus 4%       Prime Rate plus 4%
                                 annum, payable                                                                     percent, per annum,      percent, per annum,
                                monthly in arrears                                                                   payable monthly in       payable monthly in
                                                                                                                   arrears. not compound    arrears. not compound
Implied yield                          N/A             10.66 percent per   10.66 percent per   10.66 percent per             N/A                      N/A
                                                        annum (nacm)        annum (nacm)        annum (nacm)
First Dividend payment           17 October 2016             N/A                 N/A                 N/A              17 October 2016          17 October 2016
date

Dividend periods                     Monthly                 N/A                 N/A                 N/A                  Monthly                  Monthly

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

Redemption Record Date             9 April 2021         5 March 2021         2 July 2021        8 October 2021         11 June 2021             6 August 2021

Redemption Amount                     R100                  R170                R170                R170                   R100                     R100

Redemption Payment                12 April 2021         8 March 2021         5 July 2021       11 October 2011         14 June 2021            10 August 2021
Date


  07 October 2016
  For and on behalf of ECSPONENT LIMITED

  Sponsor
  Questco (Pty) Ltd

Date: 07/10/2016 04:18:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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