To view the PDF file, sign up for a MySharenet subscription.

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

Release Date: 07/01/2019 10:38
Code(s): ECSD3 ECSB12 ECSD4 ECSE4 ECS     PDF:  
Wrap Text
Issue and listing of Class B, D and E Preference Shares

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”)

Class B Preference Shares            Series number       JSE Code              ISIN
Ecsponent Pref Share B12             12                  ECSB12                ZAE000263257
Class D Preference Shares
Ecsponent Pref Share D3              3                   ECSD3                 ZAE000258851
Ecsponent Pref Share D4              4                   ECSD4                 ZAE000263265
Class E Preference Shares
Ecsponent Pref Share E4              4                   ECSE4                 ZAE000263281


Issue and listing of Class B, D and E 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 R465 990 100.00 (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 R43 018 100 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 R231 053 600.00 (comprising
       R42 540 000.00 issued in terms of Series 1, R67 702 500.00 issued in terms of Series 2,
       R83 590 000.00 issued in terms of Series 3 and R37 221 100 in terms of Series 4).
•      Class E Preference Shares: An aggregate nominal amount of R149 499 000.00 (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 R22 844 000 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 B12                       Share D3                        Share D4                       Share E4
Type of issue                                       Tap issue                       Tap issue                       Tap issue                     Tap issue

Number of Preference Shares                            238 911                           8 000                        139 000                         146 540

Nominal amount of this                             R23 891 100                       R800 000                    R13 900 000                      R14 654 000
Tranche
Issue Price per Preference                                R100                            R100                           R100                            R100
Share
Issue and Listing date                          8 January 2019                  8 January 2019                 8 January 2019                  8 January 2019

Dividend Commencement                         11 December 2018                11 December 2018               11 December 2018                11 December 2018
Date(s)
Dividend Rate                                              N/A        12.5% per annum, payable        12.5%, per annum, payable      11.25% per annum, payable
                                                                            monthly in arrears               monthly in arrears            monthly in arrears

Implied yield                         10.66 percent per annum                              N/A                            N/A                              N/A
                                                        (nacm)
First dividend payment date                    14 January 2019                14 January 2019                 14 January 2019                  14 January 2019

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                     9 June 2023                13 October 2023                  13 October 2023

Redemption Amount                                         R100                            R100                           R100                            R100

Redemption Payment Date                        16 October 2023                   12 June 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 D3, D4 and E4:
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 and E4:
The Company shall be entitled to an administration fee in respect of the Class D and Class E 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 more information about this announcement or the Ecsponent group, email:
investor.relations@ecsponent.com or visit www.ecsponentlimited.com/investor-relations

7 January 2019
Pretoria

Sponsor to Ecsponent
Questco Corporate Advisory (Pty) Ltd

Date: 07/01/2019 10:38:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.

Share This Story