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ECSPONENT LIMITED - Issue and listing of Class B, D and E Preference Shares

Release Date: 11/12/2017 08:15
Code(s): ECS ECSE1 ECSD1 ECSB9     PDF:  
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Issue and listing of Class B, D and E Preference Shares

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

Ecsponent Pref. Share B9                                 Ecsponent Pref Share D1
Short Name: ECSP B9                                      Short Name: ECSPD
ECSB9                                                    ECSD1
Tranche 3, Series 9                                      Tranche 3, Series 1
ISIN: ZAE000250049                                       ISIN: ZAE000250148

Ecsponent Pref Share E1
Short Name: ECSPE
ECSE1
Tranche 3, Series 1
ISIN: ZAE000250155

Issue and listing of Class B, 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 R270 227 600.00 (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
         R14 719 000.00 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: R9 790 000.00 issued in terms of Series 1.
-        Class E Preference Shares: R8 228 000.00 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 B9      Ecsponent Pref. Share D1      Ecsponent Pref. Share E1
Number of Preference Shares                                        95 590                        56 000                        48 280

Nominal amount of this Tranche                                 R9 559 000                    R5 600 000                    R4 828 000

Issue Price per Preference Share                                     R100                          R100                          R100
Listing date                                             12 December 2017              12 December 2017              12 December 2017

Dividend Commencement Date(s)                                         N/A               7 November 2017               7 November 2017

Dividend Rate                                                         N/A              12.5% per annum,             11.25% per annum,
                                                                             payable monthly in arrears    payable monthly in arrears
Implied yield                               10.66 percent per annum (nacm)                          N/A                           N/A

First dividend payment date                                           N/A              18 December 2017              18 December 2017

Dividend periods                                                      N/A                       Monthly                       Monthly

Any other items relating to the particular                            N/A                  Actual / 365                  Actual / 365
method of calculating dividends

Redemption Record Date                                     7 October 2022             30 September 2022             30 September 2022

Redemption Amount                                                    R170                          R100                          R100

Redemption Payment Date                                   10 October 2022                3 October 2022                3 October 2022

Dividend Record and Payment Dates in respect of Preference Shares 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
11 December 2017

Sponsor
Questco Corporate Advisory (Pty) Ltd

Date: 11/12/2017 08:15:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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