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ECSPONENT LIMITED - Issue and listing of Class A, Class B and Class C preference shares

Release Date: 07/07/2017 11:16
Code(s): ECS ECSP10 ECSP17 ECSP18 ECSP21 ECSP20 ECSP13 ECSP23     PDF:  
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Issue and listing of Class A, Class B and Class C preference shares

ECSPONENT LIMITED
Incorporated in the Republic of South Africa
Registration number: 1998/013215/06
JSE Code: ECS - ISIN: ZAE000179594


    Ecsponent Pref. Share A4                                   Ecsponent Pref Share A5
    Short Name: ECSP A4                                        Short Name: ECSP A5
    ECSP10                                                     ECSP13
    Tranche 14, Series 4                                       Tranche 2, Series 5
    ISIN: ZAE000217196                                         ISIN: ZAE000244844
    Ecsponent Pref. Share B6                                   Ecsponent Pref Share B7
    Short Name: ECSP B6                                        Short Name; ECSP B7
    ECSP17                                                     ECSP20
    Tranche 9, Series 6                                        Tranche 5, Series 7
    ISIN: ZAE000229878                                         ISIN: ZAE000241717

    Ecsponent Pref Share B8                                    Ecsponent Pref Share B8
    Short Name; ECSP B8                                        Short Name; ECSP B8
    ECSP23                                                     ECSP23
    Tranche 1, Series 8                                        Tranche 2, Series 8
    ISIN: ZAE000246112                                         ISIN: ZAE000246112
    Ecsponent Pref. Share C6                                   Ecsponent Pref. Share C7
    Short Name: ECSP C6                                        Short Name: ECSP C7
    ECSP18                                                     ECSP21
    Tranche 8, Series 6                                        Tranche 4, Series 7
    ISIN: ZAE000231205                                         ISIN: ZAE000241725


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 R47 958 999.12 (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, R9 365 900.00 issued in terms of Series 4 and R4 921 000.00 issued in
           terms of Series 5).

-          Class B Preference Shares: An aggregate nominal amount of R208 068 300.00 (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, R37 566 700.00 issued in terms of Series 6, R42 711 100.00 issued in terms of
           Series 7 and R2 010 000.00 issued in terms of Series 8.)

-          Class C Preference Shares: An aggregate nominal amount of R665 181 400.00 (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,
           R117 198 900.00 issued in terms of Series 5, R134 581 900.00 issued in terms of Series 6 and
           R78 465 700.00 issued in terms of Series 7).

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

Class A preference shares:

                                                    Ecsponent Pref Share A4          Ecsponent Pref Share A5
    Number of Preference Shares                                      31 500                           48 210
    Nominal amount of this Tranche                               R3 150 000                       R4 821 000
    Issue Price per Preference Share                                   R100                             R100
 Listing date                                                  10 July 2017                        July 2017

 Dividend Commencement Date(s)                                 12 June 2017                     12 June 2017

 Dividend Record and Payment Dates             Declaration and finalisation      Declaration and finalisation
                                               announcements to be released      announcements to be released
                                                on SENS, in compliance with       on SENS, in compliance with
                                                     Schedule 18 of the JSE            Schedule 18 of the JSE
                                                      Listings Requirements             Listings Requirements
 Dividend Rate                                      10% percent, per annum,            10% percent, per annum,
                                                 payable monthly in arrears        payable monthly in arrears

 Implied yield                                                          N/A                               N/A
 First dividend payment date                                   17 July 2017                      17 July 2017
 Dividend periods                                                   Monthly                           Monthly
 Any other items relating to the particular                    Actual / 365                      Actual / 365
 method of calculating dividends
 Redemption Record Date                                        9 April 2021                      10 June 2022
 Redemption Amount                                                     R100                              R100
 Redemption Payment Date                                      12 April 2021                      13 June 2022

Class B preference shares:

                                               Ecsponent Pref         Ecsponent Pref.                Ecsponent Pref.
                                                    Share B6               Share B7                         Share B8
 Number of Preference Shares                             512                 133 030                 Tranche 1 – 100
                                                                                                  Tranche 2 – 20 000
 Nominal amount of this Tranche                      R51 200             R13 303 000             Tranche 1 – R10 000
                                                                                              Tranche 2 – R2 000 000
 Issue Price per Preference Share                       R100                    R100                            R100
 Listing date                                   10 July 2017            10 July 2017                    10 July 2017
 Implied yield                             10.66 percent per       10.66 percent per         10.66 percent per annum
                                                annum (nacm)            annum (nacm)                          (nacm)
 Redemption Record Date                       8 October 2021            4 March 2022                     8 July 2022
 Redemption Amount                                      R170                    R170                            R170
 Redemption Payment Date                     11 October 2021            7 March 2022                    11 July 2022


Class C preference shares:

                                                       Ecsponent Pref Share C6             Ecsponent Pref Share C7
 Number of Preference Shares                                            10 320                             170 240
 Nominal amount of this Tranche                                     R1 032 000                          R17 024 000
 Issue Price per Preference Share                                         R100                                 R100
 Listing date                                                     10 July 2017                         10 July 2017
 Dividend Commencement Date(s)                                    12 June 2017                         12 June 2017
 Dividend Record and Payment Dates                Declaration and finalisation         Declaration and finalisation
                                                  announcements to be released         announcements to be released
                                                   on SENS, in compliance with          on SENS, in compliance with
                                               Schedule 18 of the JSE Listings      Schedule 18 of the JSE Listings
                                                                  Requirements                         Requirements
 Dividend Rate                                 Prime Rate plus 4% percent, per      Prime Rate plus 4% percent, per
                                                     annum, payable monthly in            annum, payable monthly in
                                                         arrears, not compound                arrears, not compound

 Implied yield                                                             N/A                                  N/A
 First dividend payment date                                      17 July 2017                         17 July 2017
 Dividend periods                                                      Monthly                              Monthly
 Any other items relating to the particular                       Actual / 365                         Actual / 365
 method of calculating dividends
 Redemption Record Date                                        5 November 2021                         4 March 2022
 Redemption Amount                                                        R100                                 R100
 Redemption Payment Date                                       8 November 2021                         7 March 2022

7 July 2017
For and on behalf of ECSPONENT LIMITED

Sponsor
Questco (Pty) Ltd

Date: 07/07/2017 11:16:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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