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Issue and listing of Class B, D and E Preference Shares
ECSPONENT LIMITED
Incorporated in the Republic of South Africa
Registration number: 1998/013215/06
JSE Code: ECS - ISIN: ZAE000179594
Ecsponent Pref. Share B10 Ecsponent Pref. Share B11
Short Name: ECSP B10 Short Name: ECSP B11
JSE Code: ECSB10 JSE Code: ECSB11
Tranche 1, Series 10 Tranche 1, Series 11
ISIN: ZAE000255675 ISIN: ZAE000258844
Ecsponent Pref Share D2 Ecsponent Pref Share D3
Short Name: ECSPD2 Short Name: ECSPD
JSE Code: ECSD2 JSE Code: ECSD3
Tranche 2, Series 2 Tranche 1, Series 3
ISIN: ZAE000254389 ISIN: ZAE000258851
Ecsponent Pref Share E2 Ecsponent Pref Share E3
Short Name: ECSPE2 Short Name: ECSPE
JSE Code: ECSE2 JSE Code: ECSE3
Tranche 2, Series 2 Tranche 1, Series 3
ISIN: ZAE000254397 ISIN: ZAE000258869
Issue and listing of Class B, D and E 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 R351 710 400.00 (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, R44 053 800.00 in terms of Series 10 and R30 000.00 in terms of Series 11).
- 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 R79 892 500(comprising R40 140 000.00 issued in
terms of Series 1, R38 752 500.00 issued in terms of Series 2 and R1 000 000.00 issued in terms of Series 3).
- Class E Preference Shares: An aggregate nominal amount of R74 197 000.00 (comprising R48 683 000.00 issued in
terms of Series 1, R25 014 000.00 issued in terms of Series 2 and R500 000.00 issued in terms of Series 3).
- Class G Preference Shares: R2 021 000.00 issued in terms of Series 1.
Ecsponent Pref. Ecsponent Pref. Ecsponent Pref. Ecsponent Pref. Ecsponent Pref. Ecsponent Pref.
Share B10 Share B 11 Share D2 Share D3 Share E2 Share E3
Type of issue Tap issue New issue Tap issue New issue Tap issue New issue
Number of 166 890 300 114 200 10 000 34 200 5 000
Preference Shares
Nominal amount of R16 689 000 R30 000 R11 420 000 R1 000 000 R3 420 000 R500 000
this Tranche
Issue Price per R100 R100 R100 R100 R100 R100
Preference Share
Issue and Listing 12 June 2018 12 June 2018 12 June 2018 12 June 2018 12 June 2018 12 June 2018
date
Dividend N/A N/A 8 May 2018 12 June 2018 8 May 2018 12 June 2018
Commencement
Date(s)
Dividend Rate N/A N/A 12.5% per annum, 12.5% per annum, 11.25% per annum, 11.25% 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 N/A N/A 16 June 2018 16 July 2018 16 June 2018 16 July 2018
payment date
Dividend periods N/A N/A Monthly Monthly Monthly Monthly
Any other items N/A N/A Actual / 365 Actual / 365 Actual / 365 Actual / 365
relating to the
particular method of
calculating dividends
Redemption Record 3 March 2023 9 June 2023 3 February 2023 9 June 2023 3 February 2023 9 June 2023
Date
Redemption Amount R170 R170 R100 R100 R100 R100
Redemption 6 March 2023 12 June 2023 6 February 2023 12 June 2023 6 February 2023 12 June 2023
Payment Date
The total authorised amount of R5,000,000,000 under the Programme Memorandum has not been exceeded
Shareholders are referred to the SENS announcement, dated 5 June 2018, and are advised that no Class G, Series 2 preference shares will be issued and listed at
this stage.
Dividend Record and Payment Dates in respect of Preference Shares D2, D3, E2 and E3:
Declaration and finalisation announcements will be released on SENS, in compliance with Schedule 2 Form H1 of the JSE Listings Requirements.
Other relevant information in respect of Preference Shares D2, D3, E2 and E3:
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
11 June 2018
Sponsor
Questco Corporate Advisory (Pty) Ltd
Date: 11/06/2018 11:07:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
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