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ECSPONENT LIMITED - March 2018 monthly preference share dividend declaration and finalisation announcement

Release Date: 20/03/2018 09:57
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March 2018 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 Shares”)     (“Series 2 Class A Preference Shares”)   (“Series 3 Class A Preference Shares”)

Ecsponent Pref Share A4                    Ecsponent Pref Share A5
JSE Code: ECSP10                           JSE Code: ECSP13
ISIN: ZAE000217196                         ISIN: ZAE000244844
(“Series 4 Class A Preference Shares”)     (“Series 5 Class A Preference 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 Shares”)     (“Series 2 Class C Preference Shares”)   (“Series 3 Class C Preference 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 Shares”)     (“Series 5 Class C Preference Shares”)   (“Series 6 Class C Preference Shares”)

Ecsponent Pref Share C7                    Ecsponent Pref Share C8
JSE Code: ECSP21                           JSE Code: ECSP24
ISIN: ZAE000241725                         ISIN: ZAE000246757
(“Series 7 Class C Preference Shares”)     (“Series 8 Class C Preference 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
(“Series 1 Class D Preference Shares”)     (“Series 1 Class E Preference Shares”)   (“Series 1 Class G Preference Shares”)

Ecsponent Pref Share D2                    Ecsponent Pref Share E2
JSE Code: ECSD2                            JSE Code: ECSE2
ISIN: ZAE000254389                         ISIN: ZAE000254397
(“Series 2 Class D Preference Shares”)     (“Series 2 Class E Preference Shares”)

MARCH 2018 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 16 April 2018, has been finalised.

Notice is hereby given of the declaration of the following preference dividends in respect of the period commencing on
7 March 2018 and ending on the date dividends start trading ex-dividend, being 11 April 2018:
-        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, 10 April 2018
 Preference shares start trading ex-dividend                                                      Wednesday, 11 April 2018
 Record Date                                                                                         Friday, 13 April 2018
 Payment Date                                                                                        Monday, 16 April 2018

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 Share
Distributable amount to shareholders,
calculated as follows:
     Gross local dividend declared                          119.86301                107.87671                   95.89041
     Less: Administration fee of 0.25% of
     the initial Issue Price (as set out in the
     relevant Applicable Pricing                            (2.39726)                (2.39726)                  (2.39726)
     Supplements) per annum inclusive of
     VAT to be withheld by the Company
     Dividend net of administration fee                     117.46575                105.47945                   93.49315
     Less: 20% withholding tax on gross
                                                           (23.97260)               (21.57534)                 (19.17808)
     dividend
     Net distributable amount to
                                                             93.49315                 83.90411                   74.31507
     shareholders

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;
      1.3 401 400 Series 1 Class D Preference Shares with a total issued capital of R40 140 000;
      1.4 444 830 Series 1 Class E Preference Shares with a total issued capital of R44 483 000; and
      1.5 16 250 Series 1 Class G Preference Shares with a total issued capital of R1 625 000.

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;
      2.2 1 175 170 Series 2 Class C Preference Shares with a total issued capital of R117 517 000;
      2.3 22 000 Series 2 Class D Preference Shares with a total issued capital of R2 200 000; and
      2.4 4 300 Series 2 Class E Preference Shares with a total issued capital of R430 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:
      8.1 456 200 Series 8 Class C Preference Shares with a total issued capital of R45 620 000.

The Company may issue additional Preference Shares prior to the last day to trade date.

Pretoria
20 March 2018

Sponsor
Questco Corporate Advisory (Pty) Ltd

Date: 20/03/2018 09:57:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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