ECSPONENT LIMITED - August 2018 Monthly Preference Share Dividend Declaration and Finalisation Announcement

Release Date: 28/08/2018 11:17
 
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August 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 D2                    Ecsponent Pref Share D3
JSE Code: ECSD1                            JSE Code: ECSD2                            JSE Code: ECSD3
ISIN: ZAE000250148                         ISIN: ZAE000254389                         ISIN: ZAE000258851
(“Series 1 Class D Preference Shares”)     (“Series 2 Class D Preference Shares”)     (“Series 3 Class D Preference Shares”)

                                         (collectively “Class D Preference Shares”)

Ecsponent Pref Share E1                    Ecsponent Pref Share E2                    Ecsponent Pref Share E3
JSE Code: ECSE1                            JSE Code: ECSE2                            JSE Code: ECSE3
ISIN: ZAE000250155                         ISIN: ZAE000254397                         ISIN: ZAE000258869
(“Series 1 Class E Preference Shares”)     (“Series 2 Class E Preference Shares”)     (“Series 3 Class E Preference Shares”)

                                         (collectively “Class E Preference Shares”)

Ecsponent Pref Share G1                    Ecsponent Pref Share G2
JSE Code: ECSG1                            JSE Code: ECSG2
ISIN: ZAE000250163                         ISIN: ZAE000258877
(“Series 1 Class G Preference Shares”)     (“Series 2 Class G Preference Shares”)

                                         (collectively “Class G Preference Shares”)


AUGUST 2018 MONTHLY PREFERENCE SHARE DIVIDEND DECLARATION AND FINALISATION ANNOUNCEMENT



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 17 September 2018, has been finalised.

Notice is hereby given of the declaration of the following preference dividends in respect of the period commencing on 7 August
2018 and ending on the date dividends start trading ex-dividend, being 12 September 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 14.00% 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, 11 September 2018
  Preference shares start trading ex-dividend                                                     Wednesday, 12 September 2018
  Record Date                                                                                        Friday, 14 September 2018
  Payment Date                                                                                       Monday, 17 September 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         Class C Preference
                                                                     Share                      Share
 Gross local dividend amount (cents per share)                           98.63014                  138.08219
 Net local dividend amount (cents per share)                             78.90411                  110.46575


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                       123.28767            110.95890               98.63014
     Less: Administration fee of 0.25% of
     the initial Issue Price (as set out in the
     relevant Applicable Pricing                         (2.46575)            (2.46575)               (2.46575)
     Supplements) per annum inclusive of
     VAT to be withheld by the Company
     Dividend net of administration fee                  120.82192             108.49315               96.16439
     Less: 20% withholding tax on gross
     dividend                                           (24.65753)            (22.19178)             (19.72603)
     
     Net distributable amount to
     shareholders                                         96.16439             86.30137                76.43836
     

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;
       1.3 425 400 Series 1 Class D Preference Shares with a total issued capital of R42 540 000;
       1.4 486 830 Series 1 Class E Preference Shares with a total issued capital of R48 683 000; and
       1.5 28 310 Series 1 Class G Preference Shares with a total issued capital of R2 831 000.

2.     The issued preference share capital in respect of the Series 2 Class A, Series 2 Class C, Series 2 Class D and Series 2
       Class E 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;
       2.3 677 025 Series 2 Class D Preference Shares with a total issued capital of R67 702 500;
       2.4 317 090 Series 2 Class E Preference Shares with a total issued capital of R31 709 000; and
       2.5 3 400 Series 2 Class G Preference Shares with a total issued capital of R340 000.

3.     The issued preference share capital in respect of the Series 3 Class A, Series 3 Class C, Series 3 Class D and Series 3 Class
       E 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;
       3.2 1 180 016 Series 3 Class C Preference Shares with a total issued capital of R118 001 600
       3.3 381 400 Series 3 Class D Preference Shares with a total issued capital of R38 140 000; and
       3.4 143 500 Series 3 Class E Preference Shares with a total issued capital of R14 350 000.

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
28 August 2018

Sponsor
Questco Corporate Advisory (Pty) Ltd

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