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ECSPONENT LIMITED - Change in Beneficial Interest in Securities and Share Dealing by an Associate of a Director

Release Date: 14/08/2017 17:25
Code(s): ECS     PDF:  
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Change in Beneficial Interest in Securities and Share Dealing by an Associate of a Director

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

CHANGE IN BENEFICIAL INTEREST IN SECURITIES AND SHARE DEALING BY AN ASSOCIATE OF A
DIRECTOR

Shareholders are hereby notified, in accordance with section 122(3)(b) of the Companies Act (No. 71
of 2008), as amended, Regulation 121(2)(b) of the Companies Act Regulations 2011 and paragraph
3.83(b) of the Listings Requirements of the JSE Limited, that the Company has received notification,
in the prescribed form, from Mason Alexander Proprietary Limited (“Mason Alexander”) that it has
increased its beneficial interest in the Company to 56.0%.

As previously advised, Mason Alexander entered into an option agreement with Ecsponent Capital
(Rf) Limited (“Capital”) to acquire the remaining shares held by Capital in the Company (i.e. currently
13.6%) by no later than 31 December 2018. Mason Alexander has today advised that it will be
exercising that option and accordingly, the Company advises the following dealing by an associate of
a director of the Company:

Name of director:                              G Manyere (Non-executive)
Name of associate:                             Mason Alexander
Relationship to director:                      Minor children of G Manyere; whose interest in Mason
                                               Alexander is held in a Trust for their benefit
Nature of transaction:                         Acquisition via the exercise of option
Number of shares:                              146 739 382 ordinary shares
Price per share:                               15 cents
Value of transaction:                          R22 010 907
Date of transaction:                           11 August 2017
Where traded:                                  Off-market

Pretoria
14 August 2017

Sponsor
Questco Proprietary Limited

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