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

Release Date: 15/10/2018 08:45
Code(s): ECS ECSB12 ECSD4 ECSE4 ECSG3     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 B12                                       Ecsponent Pref Share D4
Short Name: ECSP B12                                            Short Name: ECSPD4
JSE Code: ECSB12                                                JSE Code: ECSD4
Tranche 1, Series 12                                            Tranche 1, Series 4
ISIN: ZAE000263257                                              ISIN: ZAE000263265

Ecsponent Pref Share E4                                         Ecsponent Pref Share G3
Short Name: ECSPE4                                              Short Name: ECSPG3
JSE Code: ECSE4                                                 JSE Code: ECSG3
Tranche 1, Series 4                                             Tranche 1, Series 3
ISIN: ZAE000263281                                              ISIN: ZAE000263307

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 R410 858 000.00 (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 R52 682 600 in terms of Series 11, R300 000.00 in terms
       of Series 12.)
•      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 R181 982 500.00 (comprising R42 540 000.00 issued
       in terms of Series 1, R67 702 500.00 issued in terms of Series 2, R64 740 000.00 issued in terms of Series 3 and R7
       000 000.00 issued in terms of Series 4).
•      Class E Preference Shares: An aggregate nominal amount of R116 951 000.00 (comprising R48 683 000.00 issued
       in terms of Series 1, R32 009 000.00 issued in terms of Series 2, R36 159 000.00 issued in terms of Series 3 and
       R100 000.00 issued in terms of Series 4).
•      Class G Preference Shares: An aggregate nominal amount of R3 631 000.00 (comprising R2 831 000.00 issued in
       terms of Series 1, R750 000 issued in terms of Series 2 and R50 000.00 in terms of Series 3).

                                                 Ecsponent Pref.                 Ecsponent Pref.                 Ecsponent Pref.                 Ecsponent Pref
                                                     Share B 12                       Share D4                         Share E4                       Share G3
Type of issue                                         New issue                       New issue                       New issue                       New issue

Number of Preference Shares                               3 000                          70 000                           1 000                             500

Nominal amount of this Tranche                         R300 000                      R7 000 000                        R100 000                         R50 000

Issue Price per Preference Share                           R100                            R100                            R100                            R100
Issue and Listing date                          16 October 2018                 16 October 2018                 16 October 2018                 16 October 2018

Dividend Commencement Date(s)                               N/A                 16 October 2018                 16 October 2018                 16 October 2018

Dividend Rate                                               N/A        12.5% per annum, payable       11.25% per annum, payable         10% percent, per annum,
                                                                             monthly in arrears              monthly in arrears      payable monthly in arrears


Implied yield                     10.66 percent per annum (nacm)                            N/A                             N/A                             N/A

First dividend payment date                                  N/A               12 November 2018                12 November 2018                12 November 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                           13 October 2023                 13 October 2023                 13 October 2023                13 October 2023

Redemption Amount                                           R170                            R100                            R100                           R100

Redemption Payment Date                          16 October 2023                 16 October 2023                 16 October 2023                16 October 2023


The total authorised amount of R5,000,000,000 under the Programme Memorandum has not been exceeded

Dividend Record and Payment Dates in respect of Preference Shares D4, E4 and G3:
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 D4, E4 and G3:
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
15 October 2018

Sponsor
Questco Corporate Advisory (Pty) Ltd

Date: 15/10/2018 08:45:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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