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

Release Date: 03/08/2017 08:40
Code(s): ECS 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 A5                                        Ecsponent Pref Share B7
Short Name: ECSP A5                                             Short Name; ECSP B7
ECSP13                                                          ECSP20
Tranche 3, Series 5                                             Tranche 6, Series 7
ISIN: ZAE000244844                                              ISIN: ZAE000241717

Ecsponent Pref. Share B8                                        Ecsponent Pref. Share C7
Short Name: ECSP B8                                             Short Name: ECSP C7
ECSP23                                                          ECSP21
Tranche 3, Series 8                                             Tranche 5, Series 7
ISIN: ZAE000246112                                              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 R53 663 999.12 (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 R10 626 000.00 issued in terms of Series 5).

•        Class B Preference Shares: An aggregate nominal amount of R218 865 800.00 (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, R48 143 600.00 issued in terms of Series 7 and
         R7 375 000.00 issued in terms of Series 8.)

•        Class C Preference Shares: An aggregate nominal amount of R682 806 400.00 (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,
         R94 190 700.00 issued in terms of Series 7 and R1 900 000.00 issued in terms of Series 8).


The total authorised amount of R5,000,000,000 under the Programme Memorandum has not been exceeded.
                                                  Ecsponent Pref Share A5        Ecsponent Pref Share B7     Ecsponent Pref Share B8          Ecsponent Pref Share C7
Number of Preference Shares                                        57 050                         54 325                      53 650                          157 250

Nominal amount of this Tranche                                 R5 705 000                     R5 432 500                  R5 365 000                      R15 725 000

Issue Price per Preference Share                                     R100                           R100                        R100                             R100
Listing date                                                4 August 2017                  4 August 2017               4 August 2017                    4 August 2017

Dividend Commencement Date(s)                                11 July 2017                            N/A                         N/A                     11 July 2017

Dividend Record and Payment Dates             Declaration and finalisation                           N/A                         N/A     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                                       10% percent, per annum,                           N/A                        N/A       Prime Rate plus 4% percent,
                                                 payable monthly in arrears                                                             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                                  14 August 2017                          N/A                         N/A                    14 August 2017

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                                         10 June 2022                 4 March 2022                 8 July 2022                      4 March 2022

Redemption Amount                                                      R100                         R170                        R170                              R100

Redemption Payment Date                                        13 June 2022                 7 March 2022                11 July 2022                      7 March 2022


3 August 2017
For and on behalf of ECSPONENT LIMITED

Sponsor
Questco (Pty) Ltd

Date: 03/08/2017 08:40:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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