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ECSPONENT LIMITED - October 2017 monthly preference share dividend declaration and finalisation announcement

Release Date: 24/10/2017 12:00
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October 2017 monthly preference share dividend declaration and finalisation announcement

ECSPONENT LIMITED
Incorporated in the Republic of South Africa
Registration number: 1998/013215/06
JSE Code: ECS - ISIN: ZAE000179

 Ecsponent Pref Share A                   Ecsponent Pref Share A2                  Ecsponent Pref Share A3
 JSE Code: ECSP1                          JSE Code: ECSP4                          JSE Code: ECSP7
 ISIN: ZAE000196317                       ISIN: ZAE000202495                       ISIN: ZAE000210480
 (“Series 1 Class A Preference            (“Series 2 Class A Preference            (“Series 3 Class A Preference
 Shares”)                                 Shares”)                                 Shares”)

 Ecsponent Pref Share A4                  Ecsponent Pref Share A5
 JSE Code: ECSP10                         JSE Code: ECSP13
 ISIN: ZAE000217196                       ISIN: ZAE000244844
 (“Series 4 Class A Preference            (“Series 5 Class A Preference
 Shares”)                                 Shares”)

                                       (collectively “Class A Preference Shares”)

 Ecsponent Pref Share C                   Ecsponent Pref Share C2                  Ecsponent Pref Share C3
 JSE Code: ECSP3                          JSE Code: ECSP6                          JSE Code: ECSP9
 ISIN: ZAE000196291                       ISIN: ZAE000202511                       ISIN: ZAE000210506
 (“Series 1 Class C Preference            (“Series 2 Class C Preference            (“Series 3 Class C Preference
 Shares”)                                 Shares”)                                 Shares”)

 Ecsponent Pref Share C4                  Ecsponent Pref Share C5                  Ecsponent Pref Share C6
 JSE Code: ECSP12                         JSE Code: ECSP15                         JSE Code: ECSP18
 ISIN; ZAE000218525                       ISIN; ZAE000222501                       ISIN; ZAE000231205
 (“Series 4 Class C Preference            (“Series 5 Class C Preference            (“Series 6 Class C Preference
 Shares”)                                 Shares”)                                 Shares”)

 Ecsponent Pref Share C7                  Ecsponent Pref Share C8
 JSE Code: ECSP21                         JSE Code: ECSP24
 ISIN: ZAE000241725                       ISIN: ZAE000246757
 (“Series 7 Class C Preference            (“Series 8 Class C Preference
 Shares”)                                 Shares”)

                                       (collectively “Class C Preference Shares”)

 Ecsponent Pref Share D1                  Ecsponent Pref Share E1                  Ecsponent Pref Share G1
 JSE Code: ECSPD1                         JSE Code: ECSPE1                         JSE Code: ECSG1
 ISIN: ZAE000250148                       ISIN: ZAE000250155                       ISIN: ZAE000250163
 (“Class D Preference Shares”)            (“Class E Preference Shares”)            (“Class G Preference Shares”)



OCTOBER 2017MONTHLY PREFERENCE SHARE DIVIDEND DECLARATION AND FINALISATION ANNOUNCEMENT


Further to the announcements released by the Company on 14 November 2016 and 26 September 2017 (containing
dividend dates), holders of Class A, Class C, Class D, Class E and Class G Preference Shares are hereby advised that the
dividend per share amount, to be paid on 13 November 2017, has been finalised.

Notice is hereby given of the declaration of the following preference dividends in respect of the period commencing on
11 October 2017 and ending on the date dividends start trading ex-dividend, being 8 November 2017:
-        in respect of the Class A Preference Shares, a dividend at the rate of 10% per annum;
-        in respect of the Class C Preference Shares, a dividend at the rate of 14.25% per annum (being the prime rate
         plus 4%);
-        in respect of the Class D Preference Shares, a dividend at the rate of 12.5% per annum;
-        in respect of the Class E Preference Shares, a dividend at the rate of 11.25% per annum; and
-        in respect of the Class G Preference Shares, a dividend at the rate of 10% per annum.
the per share amounts of which have been disclosed below.

Relevant dates in relation to this dividend payment are set out below:
  Last day to trade to appear in the register on Record Date                                    Tuesday, 7 November 2017
  Preference shares start trading ex-dividend                                                 Wednesday, 8 November 2017
  Record Date                                                                                   Friday, 10 November 2017
  Payment Date                                                                                  Monday, 13 November 2017

In accordance with the requirements of Strate, no share certificates may be dematerialised or rematerialised, between the
date that the Preference Shares start trading ex-dividend, and the Record Date.

In terms of the Listings Requirements of the JSE, the following additional information is provided:
1.     The dividends have been declared from income reserves;
2.     The dividend withholding tax rate is 20%;
3.     The Company shall be entitled to an administration fee in respect of the Class D, Class E and Class G Preference
       Shares, of 0.25% per annum on the Initial Issue Price, inclusive of VAT, payable monthly in arrears on the Monthly
       Dividend Payment Dates.
4.     The administration fee is subject to the Value-Added Tax Act of 1991. The Company has the right to recover the
       monthly administration fee, from the monthly Preference Share dividend (plus the applicable VAT thereon).
5.     Ecsponent’s income tax number is 9235/264/84/4.

Class A and Class C Preference Shares:
The gross local dividend amounts and the net local dividend amount payable to Class A and Class C Preference
Shareholders are set out below:

                                                                 Class A Preference Share         Class C Preference Share
    Gross local dividend amount (cents per share)                                76.71233                        109.31507
    Net local dividend amount (cents per share)                                  61.36986                         87.45206

Class D, Class E and Class G Preference Shares:
The net distribution amounts are set out below:

    Cents per share                                       Class D                     Class E                    Class G
                                                 Preference Share            Preference Share            Preference Shae
    Distributable amount to
    shareholders, calculated as                          74.79452                    67.12329                    59.45205
    follows:
        Gross local dividend amount                      95.89041                    86.30137                    76.71233
        Less: 20% withholding tax                      (19.17808)                  (17.26027)                  (15.34247)
        Less: Administration fee of
        0.25% per annum inclusive of                                                (1.91781)                   (1.91781)
                                                        (1.91781)
        VAT to be withheld by the
        Company

Preference Shares in issue:

1.    The issued preference share capital in respect of the Series 1 Class A, Series 1 Class C, Series 1 Class D, Series 1
      Class E and Series 1 Class G Preference Shares is as follows as at the date of this announcement:
      1.1 61 332 Series 1 Class A Preference Shares with a total issued capital of R5 420 099.12;
      1.2 247 100 Series 1 Class C Preference Shares with a total issued capital of R24 710 000;
      1.3 10 000 Series 1 Class D Preference Shares with a total issued capital of R1 000 000;
      1.4 10 000 Series 1 Class E Preference Shares with a total issued capital of R1 000 000; and
      1.5 2 500 Series 1 Class G Preference Shares with a total issued capital of R250 000.

2.    The issued preference share capital in respect of the Series 2 Class A and the Series 2 Class C Preference Shares
      is as follows as at the date of this announcement:
      2.1 246 946 Series 2 Class A Preference Shares with a total issued capital of R23 486 000; and
      2.2 1 175 170 Series 2 Class C Preference Shares with a total issued capital of R117 517 000.

3.    The issued preference share capital in respect of the Series 3 Class A and the Series 3 Class C Preference Shares
      is as follows as at the date of this announcement:
      3.1 50 347 Series 3 Class A Preference Shares with a total issued capital of R4 766 000; and
      3.2 1 180 016 Series 3 Class C Preference Shares with a total issued capital of R118 001 600.

4.    The issued preference share capital in respect of the Series 4 Class A and the Series 4 Class C Preference Shares
      is as follows as at the date of this announcement:
      4.1 96 784 Series 4 Class A Preference Shares with a total issued capital of R9 365 900; and
      4.2 747 063 Series 4 Class C Preference Shares with a total issued capital of R74 706 300.

5.    The issued preference share capital in respect of the Series 5 Class A and the Series 5 Class C Preference Shares
      is as follows as at the date of this announcement:
      5.1 267 560 Series 5 Class A Preference Shares with a total issued capital of R26 756 000; and
      5.2 1 171 989 Series 5 Class C Preference Shares with a total issued capital of R117 198 900.

6.    The issued preference share capital in respect of the Series 6 Class C Preference Shares is as follows as at the date
      of this announcement:
      6.1 1 345 819 Series 6 Class C Preference Shares with a total issued capital of R134 581 900.

7.    The issued preference share capital in respect of the Series 7 Class C Preference Shares is as follows as at the date
      of this announcement:
      7.1 1 021 157 Series 7 Class C Preference Shares with a total issued capital of R102 115 700.

8.    The issued preference share capital in respect of the Series 8 Class C Preference Shares is as follows as at the date
      of this announcement:
      8.1 406 200 Series 8 Class C Preference Shares with a total issued capital of R40 620 000.

The Company may issue additional Preference Shares prior to the last day to trade date.

Pretoria
24 October 2017

Sponsor
Questco Corporate Advisory Proprietary Limited

Date: 24/10/2017 12:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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