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Issue and listing of Preference Shares
ECSPONENT LIMITED
Incorporated in the Republic of South Africa
Registration number: 1998/013215/06
JSE Code: ECS - ISIN: ZAE000179594
Ecsponent Pref. Share B11 Ecsponent Pref Share D3
Short Name: ECSP B11 Short Name: ECSPD3
JSE Code: ECSB11 JSE Code: ECSD3
Tranche 1, Series 11 Tranche 1, Series 3
ISIN: ZAE000258844 ISIN: ZAE000258851
Ecsponent Pref Share E2 Ecsponent Pref Share E3
Short Name: ECSPE2 Short Name: ECSPE3
JSE Code: ECSE2 JSE Code: ECSE3
Tranche 2, Series 2 Tranche 1, Series 3
ISIN: ZAE000254397 ISIN: ZAE000258869
Ecsponent Pref Share G1 Ecsponent Pref Share G2
Short Name: ECSPG1 Short Name: ECSPG2
JSE Code: ECSG1 JSE Code: ECSG2
Tranche 7, Series 1 Tranche 1, Series 2
ISIN: ZAE000250163 ISIN: ZAE000258877
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 R382 148 300.00 (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, R50 248 800.00 in terms of Series 10 and R24 272 900.00 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 R148 382 500.00 (comprising R42 540 000.00 issued
in terms of Series 1, R67 702 500.00 issued in terms of Series 2 and R38 140 000.00 issued in terms of Series 3).
- Class E Preference Shares: An aggregate nominal amount of R94 742 000.00 (comprising R48 683 000.00 issued in
terms of Series 1, R31 709 000.00 issued in terms of Series 2 and R14 350 000.00 issued in terms of Series 3).
- Class G Preference Shares: An aggregate nominal amount of R3 171 000.00 (comprising R2 831 000.00 issued in
terms of Series 1and R340 000 issued in terms of Series 2).
Ecsponent Pref. Ecsponent Pref. Ecsponent Pref. Ecsponent Pref.
Share B 11 Share D3 Share E2 Share E3
Type of issue Tap issue Tap issue Tap issue Tap issue
Number of Preference Shares 135 989 351 400 11 300 132 000
Nominal amount of this Tranche R13 598 900 R35 140 000 R1 130 000 R13 200 000
Issue Price per Preference Share R100 R100 R100 R100
Issue and Listing date 6 August 2018 6 August 2018 6 August 2018 6 August 2018
Dividend Commencement Date(s) N/A 11 July 2018 11 July 2018 11 July 2018
Dividend Rate N/A 12.5% per annum, payable 11.25% per annum, payable 11.25% per annum, payable
monthly in arrears monthly in arrears monthly in arrears
Implied yield 10.66 percent per annum (nacm) N/A N/A N/A
First dividend payment date N/A 13 August 2018 13 August 2018 13 August 2018
Dividend periods N/A Monthly Monthly Monthly
Any other items relating to the N/A Actual / 365 Actual / 365 Actual / 365
particular method of calculating
dividends
Redemption Record Date 9 June 2023 9 June 2023 3 February 2023 9 June 2023
Redemption Amount R170 R100 R100 R100
Redemption Payment Date 12 June 2023 12 June 2023 6 February 2023 12 June 2023
Ecsponent Pref. Ecsponent Pref.
Share G1 Share G2
Type of issue Tap issue Tap issue
Number of Preference Shares 500 2 600
Nominal amount of this Tranche R50 000 R260 000
Issue Price per Preference Share R100 R100
Issue and Listing date 6 August 2018 6 August 2018
Dividend Commencement Date(s) 11 July 2018 11 July 2018
Dividend Rate 10% per annum, payable monthly 10% per annum, payable monthly
in arrears in arrears
Implied yield N/A N/A
First dividend payment date 13 August 2018 13 August 2018
Dividend periods Monthly Monthly
Any other items relating to the Actual / 365 Actual / 365
particular method of calculating
dividends
Redemption Record Date 30 September 2022 7 July 2023
Redemption Amount R100 R100
Redemption Payment Date 3 October 2022 10 July 2023
The total authorised amounts of R5,000,000,000 under the Programme Memorandum has not been exceeded.
Dividend Record and Payment Dates in respect of Preference Shares D3, E2, E3, G1 and G2:
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 D3, E2, E3, G1 and G2:
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
3 August 2018
Sponsor
Questco Corporate Advisory (Pty) Ltd
Date: 03/08/2018 10:05:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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