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

Release Date: 10/09/2018 09:20
 
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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 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 G2
Short Name: ECSPG2
JSE Code: ECSG2
Tranche 1, Series 2
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 R396 741 500.00 (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 R38 866 100.00 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 R161 582 500.00 (comprising R42 540 000.00 issued
     in terms of Series 1, R67 702 500.00 issued in terms of Series 2 and R51 340 000.00 issued in terms of Series 3).
•    Class E Preference Shares: An aggregate nominal amount of R103 862 000.00 (comprising R48 683 000.00 issued
     in terms of Series 1, R32 009 000.00 issued in terms of Series 2 and R23 170 000.00 issued in terms of Series 3).
•    Class G Preference Shares: An aggregate nominal amount of R3 381 000.00 (comprising R2 831 000.00 issued in
     terms of Series 1and R550 000 issued in terms of Series 2).

                                         Ecsponent Pref.              Ecsponent Pref.               Ecsponent Pref.               Ecsponent Pref.            Ecsponent Pref.
                                              Share B11                    Share D3                       Share E2                      Share E3                  Share G2
Type of issue                                  Tap issue                   Tap issue                     Tap issue                     Tap issue                  Tap issue

Number of Preference Shares                      145 932                      132 000                         3 000                        88 200                      2 100

Nominal amount of this                       R14 593 200                  R13 200 000                      R300 000                    R8 820 000                   R210 000
Tranche
Issue Price per Preference                          R100                         R100                          R100                          R100                       R100
Share
Issue and Listing date                 11 September 2018            11 September 2018             11 September 2018             11 September 2018          11 September 2018

Dividend Commencement                                N/A                7 August 2018                 7 August 2018                 7 August 2018              7 August 2018
Date(s)
Dividend Rate                                        N/A      12.5% per annum, payable    11.25% per annum, payable     11.25% per annum, payable     10% per annum, payable
                                                                    monthly in arrears           monthly in arrears            monthly in arrears         monthly in arrears


Implied yield                     10.66 percent per annum                         N/A                           N/A                           N/A                        N/A
                                                    (nacm)
First dividend payment date                           N/A           17 September 2018             17 September 2018             17 September 2018          17 September 2018

Dividend periods                                      N/A                      Monthly                      Monthly                       Monthly                    Monthly

Any other items relating to the                       N/A                 Actual / 365                 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                7 July 2023

Redemption Amount                                    R170                         R100                         R100                          R100                       R100

Redemption Payment Date                      12 June 2023                 12 June 2023              6 February 2023                  12 June 2023               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 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 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
10 September 2018

Sponsor
Questco Corporate Advisory (Pty) Ltd

Date: 10/09/2018 09:20:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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