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

Release Date: 05/03/2018 08:45
Code(s): ECS ECSG1 ECSE1 ECSD1 ECSB9 ECSD2 ECSB10     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 B10
Short Name: ECSP B9                                         Short Name: ECSP B10
JSE Code: ECSB9                                             JSE Code: ECSB10
Tranche 6, Series 9                                         Tranche 1, Series 10
ISIN: ZAE000250049                                          ISIN: ZAE000255675

Ecsponent Pref Share D1                                     Ecsponent Pref Share D2
Short Name: ECSPD                                           Short Name: ECSPD2
JSE Code: ECSD1                                             JSE Code: ECSD2
Tranche 6, Series 1                                         Tranche 2, Series 2
ISIN: ZAE000250148                                          ISIN: ZAE000254389

Ecsponent Pref Share E1                                     Ecsponent Pref Share G1
Short Name: ECSPE                                           Short Name: ECSPG
JSE Code: ECSE1                                             JSE Code: ECSG1
Tranche 6, Series 1                                         Tranche 4, Series 1
ISIN: ZAE000250155                                          ISIN: ZAE000250163

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 R301 971 600.00 .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, R46 053 000.00 in terms of Series 9 and R410 000 in terms of Series 10.)
-        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: An aggregate nominal amount of R42 340 000.00 (comprising R40 140 000.00
         issued in terms of Series 1 and R2 200 000 issued in terms of Series 2).
-        Class E Preference Shares: An aggregate nominal amount of R44 913 000.00 (comprising R44 483 000.00
         issued in terms of Series 1 and R430 000 issued in terms of Series 2).
-        Class G Preference Shares: R1 625 000 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 B 10               Share D1               Share D2                Share E1               Share G1
Type of issue                           Tap issue                 New              Tap issue              Tap issue               Tap issue              Tap issue

Number of Preference Shares               115 400               4 100                 97 500                 12 000                  90 750                  6 400

Nominal amount of this Tranche        R11 540 000            R410 000             R9 750 000             R1 200 000              R9 075 000               R640 000

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

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

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

Dividend periods                               N/A                N/A                Monthly                Monthly                 Monthly                Monthly

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

Redemption Amount                             R170               R170                   R100                   R100                    R100                   R100

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

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 March 2018

Sponsor
Questco Corporate Advisory (Pty) Ltd

Date: 05/03/2018 08:45:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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