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ECSPONENT LIMITED - Issue and listing of Preference Shares

Release Date: 12/12/2016 11:55
Code(s): ECSP10 ECSP14 ECSP15 ECSP17     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 A4                                   Ecsponent Pref. Share B6
Short Name: ECSP A4                                        Short Name: ECSP B6
ECSP10                                                     ECSP17
Tranche 6, Series 4                                        Tranche 1, Series 6
ISIN; ZAE000217196                                         ISIN; ZAE000229878
    
Ecsponent Pref. Share B5                                   Ecsponent Pref. Share C5
Short Name: ECSP B5                                        Short Name: ECSP C5
ECSP14                                                     ECSP15
Tranche 3, Series 5                                        Tranche 3, Series 5
ISIN: ZAE000221362                                         ISIN: ZAE000222501


Issue and listing of Class A, Class B and Class C Preference Shares under 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 887 999.12 (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 R5 215 900.00 issued in terms of Series 4).

-         Class B Preference Shares: An aggregate nominal amount of R143 1256 600.00 (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, R24 341 600.00 issued in
          terms of Series 5 and R17 346 100.00 issued in terms of Series 6)

-         Class C Preference Shares: An aggregate nominal amount of R422 500 800.00 (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,
          R87 440 900.00 issued in terms of Series 5 and R125 000 issued in terms of Series 6).


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

                                             Ecsponent Pref Share A4        Ecsponent Pref Share B5      Ecsponent Pref          Ecsponent Pref Share
                                                                                                           Share B6                      C5
Number of Preference Shares                            11 125                        2 350                   93 411                    352 520

Nominal amount of this Tranche                      R1 050 000                     R235 000                 R9 341 100                 R35 252 000

Issue Price per Preference Share                       R94.38                        R100                      R100                        R100


Listing date                                     12 December 2016              12 December 2016         12 December 2016            12 December 2016

Dividend Commencement Date(s)                    12 December 2016                    N/A                       N/A                  12 December 2016

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

Dividend Rate                                10% percent, per annum,                 N/A                       N/A                 Prime Rate plus 4%
                                             payable monthly in arrears                                                            percent, per annum,
                                                                                                                                payable monthly in arrears,
                                                                                                                                      not compound
Implied yield                                            N/A                10.66 percent per annum   10.66 percent per annum              N/A
                                                                                    (nacm)                    (nacm)
First dividend payment date                      19 December 2016                    N/A                       N/A                  19 December 2016

Dividend periods                                      Monthly                        N/A                       N/A                       Monthly

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


Redemption Record Date                              9 April 2021                  2 July 2021             8 October 2021              6 August 2021

Redemption Amount                                       R100                         R170                      R170                        R100

Redemption Payment Date                             12 April 2021                 5 July 2021            11 October 2021             10 August 2021



12 December 2016
For and on behalf of ECSPONENT LIMITED

Sponsor
Questco (Pty) Ltd

Date: 12/12/2016 11:55:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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