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November 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: ZAE000179594
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: ECSD1 JSE Code: ECSE1 JSE Code: ECSG1
ISIN: ZAE000250148 ISIN: ZAE000250155 ISIN: ZAE000250163
(“Class D Preference Shares”) (“Class E Preference Shares”) (“Class G Preference Shares”)
NOVEMBER 2017 MONTHLY 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 18 December 2017, has been finalised.
Notice is hereby given of the declaration of the following preference dividends in respect of the period commencing on
7 November 2017 and ending on the date dividends start trading ex-dividend, being 13 December 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, 12 December 2017
Preference shares start trading ex-dividend Wednesday, 13 December 2017
Record Date Friday, 15 December 2017
Payment Date Monday, 18 December 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) 95.89041 136.64384
Net local dividend amount (cents per share) 76.71233 109.31507
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
follows:
Gross local dividend amount 119.86301 107.87671 95.89041
Less: Administration fee of 0.25%
per annum inclusive of VAT to be (2.39726) (2.39726) (2.39726)
withheld by the Company
117.46575 105.47945 93.49315
Less: 20% withholding tax (23.97260) (21.57534) (19.17808)
Net local dividend 93.49315 83.90411 74.31507
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 41 900 Series 1 Class D Preference Shares with a total issued capital of R4 190 000;
1.4 34 000 Series 1 Class E Preference Shares with a total issued capital of R3 400 000; 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:
5.1 327 660 Series 5 Class A Preference Shares with a total issued capital of R32 766 000; 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:
8.1 426 200 Series 8 Class C Preference Shares with a total issued capital of R42 620 000.
The Company may issue additional Preference Shares prior to the last day to trade date.
Pretoria
28 November 2017
Sponsor
Questco Corporate Advisory (Pty) Ltd
Date: 28/11/2017 11:22:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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