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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 D2 Ecsponent Pref Share E1
Short Name: ECSPD2 Short Name: ECSPE
JSE Code: ECSD2 JSE Code: ECSE1
Tranche 2, Series 2 Tranche 6, Series 1
ISIN: ZAE000254389 ISIN: ZAE000250155
Ecsponent Pref Share E2 Ecsponent Pref Share G1
Short Name: ECSPE2 Short Name: ECSPG
JSE Code: ECSE2 JSE Code: ECSG1
Tranche 2, Series 2 Tranche 4, Series 1
ISIN: ZAE000254397 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 R320 090 600.00 (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, R52 118 000.00 in terms of Series 9 and R12 464 000.00 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 R54 340 000.00 (comprising R40 140 000.00
issued in terms of Series 1 and R14 200 000 issued in terms of Series 2).
- Class E Preference Shares: An aggregate nominal amount of R57 058 000.00 (comprising R48 083 000.00
issued in terms of Series 1 and R8 975 000 issued in terms of Series 2).
- Class G Preference Shares: R1 855 000 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 D2 Share E1 Share E2 Share G1
Type of issue Tap issue Tap issue Tap issue Tap issue Tap issue Tap issue
Number of Preference Shares 60 650 120 540 120 000 36 000 85 450 2 300
Nominal amount of this Tranche R6 065 000 R12 054 000 R12 000 000 R3 600 000 R8 545 000 R230 000
Issue Price per Preference Share R100 R100 R100 R100 R100 R100
Listing date 10 April 2018 10 April 2018 10 April 2018 10 April 2018 10 April 2018 10 April 2018
Dividend Commencement Date(s) N/A N/A 6 March 2018 6 March 2017 6 March 2018 6 March 2017
Dividend Rate N/A N/A 12.5% per annum, 11.25% 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 16 April 2018 16 April 2018 16 April 2018 16 April 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 3 February 2023 30 September 2022 3 February 2023 30 September 2022
Redemption Amount R170 R170 R100 R100 R100 R100
Redemption Payment Date 10 October 2022 6 March 2023 6 February 2023 3 October 2022 6 February 2023 3 October 2022
Dividend Record and Payment Dates in respect of Preference Shares 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 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
9 April 2018
Sponsor
Questco Corporate Advisory (Pty) Ltd
Date: 09/04/2018 09:30:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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