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ECSPONENT LIMITED - December 2018 monthly interest declaration and finalisation announcement

Release Date: 21/12/2018 11:59
Code(s): ECS ECSFX1 ECSFL1     PDF:  
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December 2018 monthly interest declaration and finalisation announcement

ECSPONENT LIMITED
Incorporated in the Republic of South Africa
Registration number: 1998/013215/06
JSE Code: ECS - ISIN: ZAE000179594
Debt Issuer Code: ECSP
(“the Company” or “Ecsponent”)
 
Notes                        Series number      JSE Code                ISIN
Fixed Rate Notes             1                  ECSFX1                  ZAE000265393
Floating Rate Notes          1                  ECSFL1                  ZAE000265401

DECEMBER 2018 MONTHLY INTEREST DECLARATION AND FINALISATION ANNOUNCEMENT

Holders of Notes issued by Ecsponent in terms of its ZAR10,000,000,000 Domestic Medium Term Note
Programme are hereby advised that the interest per Note amount, to be paid on Monday, 21 January 2019,
has been finalised.

Notice is given of the declaration of the following interest in respect of the period commencing on
10 December 2018 and ending on the date that the Notes start trading ex-interest, being Wednesday,
16 January 2019:
-    in respect of the Series 1 Fixed Rate Notes, an interest rate of 9%; and
-    in respect of the Series 1 Floating Rate Notes, an interest rate of 11.75% (being the prime rate plus
     1.5%)

Relevant dates in relation to this interest payment are set out below:

  Last day to trade to appear in the register on Record Date                    Tuesday,    15   January   2019
  Notes start trading ex-interest                                             Wednesday,    16   January   2019
  Record Date                                                                     Friday,   18   January   2019
  Payment Date                                                                  Monday,     21   January   2019

In terms of the Debt Listings Requirements of the JSE, the following additional information is provided:
1.    The interest is paid from income reserves;
2.    The Company shall be entitled to an administration fee of 0.25% per annum on the Initial Issue Price,
      inclusive of VAT, payable monthly in arrears on the Monthly Interest Payment Dates.
3.    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 Note interest (plus the applicable VAT
      thereon).
4.    Ecsponent’s income tax number is 9235/264/84/4.
5.    At the date hereof, Ecsponent has issued the following Notes:
      -     100 Series 1 Fixed Rate Notes; and
      -     1 000 Series 1 Floating Rate Notes.

Series 1 Fixed Rate Notes:

 Interest per Note (cents per Note)

 Gross distributable amount to Noteholders                                                       69.04110

 Less: Administration fee of 0.25% of the initial Issue Price (as set out in the relevant       (1.91781)
 Applicable Pricing Supplements) per annum inclusive of VAT to be withheld by the Company

 Net distribution amount to Noteholders                                                          67.12329

Series 1 Floating Rate Notes:

 Interest per Note (cents per Note)

 Gross distributable amount to Noteholders                                                       90.13699

 Less: Administration fee of 0.25% of the initial Issue Price (as set out in the relevant       (1.91781)
 Applicable Pricing Supplements) per annum inclusive of VAT to be withheld by the Company

 Net distribution amount to Noteholders                                                          88.21918


The Company may issue additional Series 1 Fixed Rate and/or Floating Rate Notes prior to the last day to
trade date.


For more information about this announcement or the Ecsponent group, email
investor.relations@ecsponent.com or visit www.ecsponentlimited.com/investor-relations


21 December 2018
Pretoria


Sponsor to Ecsponent
Questco Corporate Advisory (Pty) Ltd

Date: 21/12/2018 11:59:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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