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

Release Date: 06/11/2017 11:50
Code(s): ECS ECSP13 ECSP23 ECSP24 ECSE1 ECSD1 ECSB9     PDF:  
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Issue and listing of Class A, B, C, D and E preference shares

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

Ecsponent Pref. Share A5                                 Ecsponent Pref. Share B8
Short Name: ECSP A5                                      Short Name: ECSP B8
ECSP13                                                   ECSP23
Tranche 4, Series 5                                      Tranche 4, Series 8
ISIN: ZAE000244844                                       ISIN: ZAE000246112

Ecsponent Pref. Share B9                                 Ecsponent Pref. Share C8
Short Name: ECSP B9                                      Short Name: ECSP C8
ECSB9                                                    ECSP24
Tranche 1, Series 9                                      Tranche 2, Series 8
ISIN: ZAE000250049                                       ISIN: ZAE000246757

Ecsponent Pref Share D1                                  Ecsponent Pref Share E1
Short Name: ECSPD                                        Short Name: ECSPE
ECSD1                                                    ECSE1
Tranche 2, Series 1                                      Tranche 2, Series 1
ISIN: ZAE000250148                                       ISIN: ZAE000250155

Issue and listing of Class A, B, C D and E 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 R75 803 999.12 (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
         R32 766 000.00 issued in terms of Series 5).

•        Class B Preference Shares: An aggregate nominal amount of R260 668 600.00 (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 153 600.00 issued in terms of Series 7, R44 007 800.00 issued in terms of Series 8 and
         R5 160 000.00 in terms of Series 9.)

•        Class C Preference Shares: An aggregate nominal amount of R731 451 400.00 (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,
         R102 115 700.00 issued in terms of Series 7 and R42 620 000.00 issued in terms of Series 8).

•        Class D Preference Shares: R4 190 000.00 issued in terms of Series 1.
•        Class E Preference Shares: R3 400 000.00 issued in terms of Series 1.
•        Class G Preference Shares: R250 000 issued in terms of Series 1.

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

                              Ecsponent Pref Share     Ecsponent Pref Share    Ecsponent Pref. Share    Ecsponent Pref Share        Ecsponent Pref         Ecsponent Pref
                                                A5                       B8                       B9                      C8             Share D1               Share E1
Number of Preference                        60 100                   45 318                   48 000                  20 000               31 900                 24 000
Shares
Nominal amount of this                 R 6 010 000               R4 531 800              R4 800 000               R2 000 000           R3 190 000             R2 400 000
Tranche
Issue Price per Preference                    R100                     R100                    R100                     R100                 R100                   R100
Share
Listing date                       7 November 2017          7 November 2017         7 November 2017          7 November 2017      7 November 2017        7 November 2017

Dividend Commencement              10 October 2017                      N/A                     N/A          10 October 2017      10 October 2017        10 October 2017
Date(s)
Dividend Rate                     10% percent, per                      N/A                     N/A       Prime Rate plus 4%     12.5% per annum,      11.25% per annum,
                                    annum, payable                                                       percent, per annum,  payable monthly in     payable monthly in
                                monthly in arrears                                                        payable monthly in             arrears                arrears
                                                                                                       arrears, not compound
Implied yield                                  N/A        10.66 percent per       10.66 percent per                      N/A                 N/A                    N/A
                                                               annum (nacm)            annum (nacm)
First dividend payment            13 November 2017                      N/A                     N/A         13 November 2017     13 November 2017       13 November 2017
date
Dividend periods                           Monthly                      N/A                     N/A                  Monthly              Monthly                Monthly

Any other items relating to           Actual / 365                      N/A                     N/A             Actual / 365         Actual / 365           Actual / 365
the particular method of
calculating dividends
Redemption Record Date                10 June 2022              8 July 2022          7 October 2022             15 July 2022    30 September 2022      30 September 2022

Redemption Amount                             R100                     R170                    R170                     R100                 R100                   R100

Redemption Payment Date               13 June 2022             11 July 2022         10 October 2022             18 July 2022       3 October 2022         3 October 2022

Dividend Record and Payment Dates in respect of Preference Shares A5, C8, D1 and E1:
Declaration and finalisation announcements will be released on SENS, in compliance with Schedule 18 of the JSE Listings Requirements.

Other relevant information in respect of Preference Shares D1 and E1:
The Company shall be entitled to an administration fee in respect of the Class D and Class E 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.

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)

For and on behalf of ECSPONENT LIMITED
6 November 2017

Sponsor
Questco Corporate Advisory (Pty) Ltd

Date: 06/11/2017 11:50:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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