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ECSPONENT LIMITED - Issue and listing of Class B, D, E and G preference shares

Release Date: 10/12/2018 10:06
Code(s): ECS ECSB11 ECSE3 ECSD3 ECSG2 ECSB12 ECSD4 ECSE4     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

    Class B Preference Shares      Series number        JSE Code               ISIN
    Ecsponent Pref Share B11       11                   ECSB11                 ZAE000258844
    Ecsponent Pref Share B12       12                   ECSB12                 ZAE000263257
    Class D Preference Shares                           JSE Code               ISIN
    Ecsponent Pref Share D3        3                    ECSD3                  ZAE000258851
    Ecsponent Pref Share D4        4                    ECSD4                  ZAE000263265
    Class E Preference Shares                           JSE Code               ISIN
    Ecsponent Pref Share E3        3                    ECSE3                  ZAE000258869
    Ecsponent Pref Share E4        4                    ECSE4                  ZAE000263281
    Class G Preference Shares                           JSE Code               ISIN
    Ecsponent Pref Share G2        2                    ECSG2                  ZAE000258877

Issue and listing of Class B, D, E and G Preference Shares under the 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 R442 099 000.00 (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, R65 096 600.00 in terms of Series 11 and R19 127 000 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 R216 353 600.00 (comprising R42 540 000.00 issued
       in terms of Series 1, R67 702 500.00 issued in terms of Series 2, R82 790 000.00 issued in terms of Series 3 and
       R23 321 100 in terms of Series 4).
•      Class E Preference Shares: An aggregate nominal amount of R134 845 000.00 (comprising R48 683 000.00 issued
       in terms of Series 1, R32 009 000.00 issued in terms of Series 2, R45 963 000.00 issued in terms of Series 3 and
       R8 190 000 in terms of Series 4).
•      Class G Preference Shares: An aggregate nominal amount of R4 231 000.00 (comprising R2 831 000.00 issued in
       terms of Series 1, R1 350 000 issued in terms of Series 2 and R50 000.00 issued in terms of Series 3).

                                                 Ecsponent Pref.                  Ecsponent Pref.             Ecsponent Pref.               Ecsponent Pref
                                                     Share B 11                        Share B12                   Share D3                      Share D4
Type of issue                                         Tap issue                         Tap issue                  Tap issue                     Tap issue

Number of Preference Shares                               9 340                            65 400                     10 000                       153 211

Nominal amount of this Tranche                         R934 000                        R6 540 000                 R1 000 000                   R15 321 100

Issue Price per Preference Share                           R100                              R100                       R100                          R100
Issue and Listing date                         11 December 2018                  11 December 2018           11 December 2018              11 December 2018

Dividend Commencement Date(s)                               N/A                               N/A            6 November 2018               6 November 2018

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

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

First dividend payment date                                  N/A                              N/A            18 December 2018              18 December 2018

Dividend periods                                             N/A                              N/A                      Monthly                      Monthly

Any other items relating to the                              N/A                              N/A                 Actual / 365                 Actual / 365
particular method of calculating
dividends
Redemption Record Date                               9 June 2023                  13 October 2023                  9 June 2023              13 October 2023

Redemption Amount                                           R170                             R100                         R100                         R100

Redemption Payment Date                             12 June 2023                  16 October 2023                -12 June 2023              16 October 2023


                                                Ecsponent Pref.                   Ecsponent Pref.                   Ecsponent Pref
                                                      Share E3                          Share E4                          Share G2
Type of issue                                        Tap issue                         Tap issue                         Tap issue

Number of Preference Shares                              10 000                           58 900                             3 500

Nominal amount of this Tranche                       R1 000 000                       R5 890 000                          R350 000

Issue Price per Preference Share                           R100                             R100                              R100
Issue and Listing date                         11 December 2018                 11 December 2018                  11 December 2018

Dividend Commencement Date(s)                   6 November 2018                  6 November 2018                   6 November 2018

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

First dividend payment date                     18 December 2018                18 December 2018                   18 December 2018

Dividend periods                                          Monthly                        Monthly                             Monthly

Any other items relating to the                      Actual / 365                   Actual / 365                        Actual / 365
particular method of calculating
dividends
Redemption Record Date                                9 June 2023                13 October 2023                         7 July 2023

Redemption Amount                                            R100                           R100                                R100

Redemption Payment Date                              12 June 2023                 16 October 2023                        10 July 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 D3, D4, E3, E4 and G2:
Declaration and finalisation announcements will be released on SENS, in compliance with Schedule 4 Form A5 of the JSE Listings Requirements.

Other relevant information in respect of Preference Shares D3, D4, E3, E4 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 December 2018

Sponsor
Questco Corporate Advisory (Pty) Ltd

Date: 10/12/2018 10:06:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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