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

Release Date: 09/04/2018 09:30
Code(s): ECS ECSG1 ECSE1 ECSB9 ECSD2 ECSE2 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 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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