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

Release Date: 05/02/2018 16:55
Code(s): ECS ECSG1 ECSE1 ECSD1 ECSB9 ECSD2 ECSE2     PDF:  
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Issue and listing of Class B, D, E and G 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 4, Series 9                                         Tranche 4, Series 1
ISIN: ZAE000250049                                          ISIN: ZAE000250148

Ecsponent Pref Share E1                                     Ecsponent Pref Share G1
Short Name: ECSPE                                           Short Name: ECSPG
ECSE1                                                       ECSG1
Tranche 4, Series 1                                         Tranche 2, Series 1
ISIN: ZAE000250155                                          ISIN: ZAE000250163

Ecsponent Pref Share D2                                     Ecsponent Pref Share E2
Short Name: ECSPD                                           Short Name: ECSPE
ECSD2                                                       ECSE2
Tranche 1, Series 2                                         Tranche 1, Series 2
ISIN: ZAE000254389                                          ISIN: ZAE000254397


Issue and listing of Class B, 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 R290 021 600.00 (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 R34 513 000.00 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: R30 390 000.00 issued in terms of Series 1 and R1 000 000 issued in terms of
         Series 2.

•        Class E Preference Shares: R35 408 000.00 issued in terms of Series 1 and R430 000 issued in terms of Series
         2.

•        Class G Preference Shares: R985 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         Ecsponent Pref
                                        Share B9               Share D1               Share E1              Share G1              Share D2               Share E2
Number of Preference Shares                102 930                20 000                 40 800                   800                10 000                  4 300

Nominal amount of this Tranche         R10 293 000            R2 000 000             R4 080 000               R80 000            R1 000 000               R430 000

Issue Price per Preference Share              R100                  R100                   R100                  R100                  R100                   R100
Listing date                       6 February 2018       6 February 2018        6 February 2018       6 February 2018       6 February 2018        6 February 2018

Dividend Commencement Date(s)                  N/A        9 January 2018         9 January 2017        9 January 2017       6 February 2018        6 February 2018

Dividend Rate                                  N/A       12.5% per annum,      11.25% per annum,        10% per annum,      12.5% per annum,      11.25% per annum,
                                                       payable monthly in     payable monthly in    payable monthly in    payable monthly in     payable monthly in
                                                                  arrears                arrears               arrears               arrears                arrears
Implied yield                     10.66 percent per                  N/A                    N/A                   N/A                   N/A                    N/A
                                       annum (nacm)
First dividend payment date                    N/A      12 February 2018       12 February 2018      12 February 2018         12 March 2018         12 March 2018

Dividend periods                               N/A               Monthly                Monthly               Monthly               Monthly                Monthly

Any other items relating to the                N/A          Actual / 365           Actual / 365          Actual / 365          Actual / 365           Actual / 365
particular method of calculating
dividends
Redemption Record Date               7 October 2022    30 September 2022      30 September 2022     30 September 2022        3 February 2023        3 February 2023

Redemption Amount                             R170                  R100                   R100                  R100                  R100                   R100

Redemption Payment Date            10 October 2022        3 October 2022         3 October 2022        3 October 2022       6 February 2023        6 February 2023

Dividend Record and Payment Dates in respect of Preference Shares D1, E1, G1, D2 and E2:
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, G1, D2 and E2:
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

5 February 2018
Sponsor
Questco Corporate Advisory (Pty) Ltd

Date: 05/02/2018 04:55:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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