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Issue and listing of Class 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: ZAE000179594
Ecsponent Pref. Share B9 Ecsponent Pref. Share C8
Short Name: ECSP B9 Short Name: ECSP C8
ECSB9 ECSP24
Tranche 4, Series 9 Tranche 5, Series 8
ISIN: ZAE000250049 ISIN: ZAE000246757
Ecsponent Pref Share D1 Ecsponent Pref Share E1
Short Name: ECSPD Short Name: ECSPE
ECSD1 ECSE1
Tranche 4, Series 1 Tranche 4, Series 1
ISIN: ZAE000250148 ISIN: ZAE000250155
Ecsponent Pref Share G1
Short Name: ECSPG
ECSG1
Tranche 2, Series 1
ISIN: ZAE000250163
Issue and listing of Class B, C D, E and G 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 R279 728 600.00 (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
R24 220 000.00 in terms of Series 9.)
- Class C Preference Shares: An aggregate nominal amount of R734 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 R45 620 000.00 issued in terms of Series 8).
- Class D Preference Shares: R28 390 000.00 issued in terms of Series 1.
- Class E Preference Shares: R31 328 000.00 issued in terms of Series 1.
- Class G Preference Shares: R905 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 Ecsponent Pref Ecsponent Pref Ecsponent Pref Ecsponent Pref
Share B9 Share C8 Share D1 Share E1 Share G1
Number of Preference Shares 95 010 30 000 186 000 231 000 6 550
Nominal amount of this Tranche R9 501 000 R3 000 000 R18 600 000 R23 100 000 R655 000
Issue Price per Preference Share R100 R100 R100 R100 R100
Listing date 9 January 2018 9 January 2018 9 January 2018 9 January 2018 9 January 2018
Dividend Commencement Date(s) N/A 12 December 2017 12 December 2017 12 December 2017 12 December 2017
Dividend Rate N/A Prime Rate plus 4% 12.5% per annum, 11.25% per annum, 10% per annum,
percent, per annum, payable monthly in payable monthly in payable monthly in
payable monthly in arrears, arrears arrears arrears
not compound
Implied yield 10.66 percent per annum N/A N/A N/A N/A
(nacm)
First dividend payment date N/A 15 January 2018 15 January 2018 15 January 2018 15 January 2018
Dividend periods N/A Monthly Monthly Monthly Monthly
Any other items relating to the N/A Actual / 365 Actual / 365 Actual / 365 Actual / 365
particular method of calculating
dividends
Redemption Record Date 7 October 2022 15 July 2022 30 September 2022 30 September 2022 30 September 2022
Redemption Amount R170 R100 R100 R100 R100
Redemption Payment Date 10 October 2022 18 July 2022 3 October 2022 3 October 2022 3 October 2022
Dividend Record and Payment Dates in respect of Preference Shares C8, D1, E1 and G1:
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, E1 and G1:
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.
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
8 January 2018
Sponsor
Questco Corporate Advisory (Pty) Ltd
Date: 08/01/2018 10:15:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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