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ECSPONENT LIMITED - Finalisation announcement in respect of the rights offer

Release Date: 02/02/2017 10:45
Code(s): ECS     PDF:  
Wrap Text
Finalisation announcement in respect of the rights offer

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

FINALISATION ANNOUNCEMENT IN RESPECT OF THE RIGHTS OFFER

Shareholders are referred to the announcement published on SENS on 31 January 2017 wherein they were
advised that Ecsponent intends to raise up to R50 million by way of a partially underwritten renounceable rights
offer (“the Rights Offer”) of 333 333 292 new ordinary Ecsponent shares (“Rights Offer Shares”) to qualifying
shareholders at a subscription price of 15 cents per Rights Offer Share, in the ratio of 35.77420 Rights Offer
Shares for every 100 Ecsponent ordinary shares held on Friday, 10 February 2017 (“the Record Date”).

Shareholders are further advised that the Company has received formal approval for the Rights Offer circular from
the Issuer Regulation Division of the JSE Limited.

As the terms of the Rights Offer have been finalised and all conditions thereto have been fulfilled, the Rights Offer
will be implemented in accordance with the salient dates and times set out below:

                                                                                                              2017
Last day to trade in ordinary shares in order to participate in the Rights Offer              Tuesday, 7 February
(cum entitlement) and publishing of the circular on Ecsponent’s website
Listing of, and trading in, the Letters of Allocation under the JSE code ECSN               Wednesday, 8 February
and ISIN ZAE000230603 on the JSE commences at 09:00 on
Ordinary shares commence trading ex-Rights on the JSE at 09:00 on                           Wednesday, 8 February
Circular and Form of Instruction posted to certificated shareholders                         Thursday, 9 February
Rights Offer Record Date at 17:00 on                                                          Friday, 10 February
Rights Offer opens at 09:00 on                                                                Monday, 13 February
Certificated shareholders will have their Letters of Allocation credited to an                Monday, 13 February
electronic account held at the Transfer Secretaries at 09:00 on
Dematerialised Shareholders will have their accounts at their CSDP or Broker                  Monday, 13 February
credited with their entitlement on 09:00 on
Circular posted to Dematerialised Shareholders on                                            Tuesday, 14 February
Last day for trading Letters of Allocation on the JSE                                        Tuesday, 21 February
Form of Instruction lodged by Certificated Shareholders wishing to sell all or               Tuesday, 21 February
part of their entitlement at the Transfer Secretaries by 12:00
Listing of Rights Offer Shares and trading therein on the JSE commences at                 Wednesday, 22 February
09:00 on
Letters of Allocation Record Date                                                             Friday, 24 February
Rights Offer closes at 12:00 on                                                               Friday, 24 February
Payment to be made and Form of Instruction lodged by Certificated                             Friday, 24 February
Shareholders wishing to renounce or subscribe for all or part of the entitlement
at the Transfer Secretaries by 12:00 on
Letters of Allocation Record Date                                                             Friday, 24 February
Results of Rights Offer announced on SENS                                                     Monday, 27 February
CSDP or Broker accounts in respect of Dematerialised Shareholders will be                     Monday, 27 February
updated with Rights Offer Shares and debited with any payments due on
Rights Offer Shares issued and posted to shareholders in certificated form                    Monday, 27 February
(where applicable) on or about

Notes:
1.   Unless otherwise indicated, all times are South African times.
2.   Shareholders may not dematerialise or rematerialise their ordinary shares between Wednesday,
     8 February 2017 and Friday, 10 February 2017, both dates inclusive.
3.   CSDPs effect payment in respect of Dematerialised Shareholders on a delivery versus payment method.

RIGHTS OFFER CIRCULAR
A circular, containing full details of the Rights Offer (“Rights Offer Circular”) and a Form of Instruction in respect of
a Letter of Allocation, will be posted to Certificated Shareholders on Thursday, 9 February 2017.

The Rights Offer Circular will be distributed to Dematerialised Shareholders on Tuesday, 14 February 2017.

The Circular will be available in electronic form from the Company’s website (www.ecsponentlimited.com) on
Tuesday, 7 February 2017.

Pretoria
2 February 2017

Sponsor and Corporate Adviser
Questco (Pty) Ltd

Date: 02/02/2017 10:45:00 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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