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ECSPONENT LIMITED - Issue and listing of Notes under the ZAR10,000,000,000 Domestic Medium Term Note Programme

Release Date: 14/01/2019 08:45
Code(s): ECS ECSZR1 ECSFX2 ECSFX3     PDF:  
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Issue and listing of Notes under the ZAR10,000,000,000 Domestic Medium Term Note Programme

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             2                 ECSFX2               ZAE000266813
  Fixed Rate Notes             3                 ECSFX3               ZAE000266821
  Zero Coupon Notes            1                 ECSZR1               ZAE000265419

Issue and listing of Notes under the ZAR10,000,000,000 Domestic Medium Term Note Programme

The Company is pleased to announcement that the Notes summarised in the table below will be issued and
listed as detailed in the table.

                                 Zero Coupon Notes           Fixed Rate Notes             Fixed Rate Notes
                                          Series 1                   Series 2                     Series 3

  Type of issue                          Tap issue                  New issue                    New issue

  Number of Notes                            9 500                      4 000                       15 000

  Nominal amount of this                  R950 000                   R400 000                   R1 500 000
  Tranche
  Issue Price per                             R100                       R100                         R100
  Preference Share
  Issue and Listing date           15 January 2019            15 January 2019              15 January 2019

  Interest Commencement           10 December 2018            15 January 2019              15 January 2019
  Date
  Interest Rate                                N/A             10% per annum,               12% per annum,
                                                           payable monthly in           payable monthly in
                                                         arrears on the third         arrears on the third
                                                         Monday of each month         Monday of each month

  Implied yield                   10.66% per annum                        N/A                          N/A
                                            (NACM)
  First interest payment                       N/A           18 February 2019             18 February 2019
  date
  Interest periods                             N/A                Each period                  Each period
                                                           commencing on (and           commencing on (and
                                                       including) an Interest       including) an Interest
                                                             Payment Date and             Payment Date and
                                                               ending on (but               ending on (but
                                                     excluding) the following     excluding) the following
                                                       Interest Payment Date;       Interest Payment Date;
                                                      provided that the first      provided that the first
                                                         Interest Period will         Interest Period will
                                                             commence on (and             commence on (and
                                                        include) the interest        include) the interest
                                                            commencement date            commencement date
                                                              and end on (but              and end on (but
                                                          exclude) 21 January          exclude) 21 January
                                                          2019 (each Interest          2019 (each Interest
                                                              Payment Date as              Payment Date as
                                                       adjusted in accordance       adjusted in accordance
                                                          with the applicable          with the applicable
                                                                 Business Day              Business Day
                                                                 Convention).              Convention).

 Any other items relating             Actual / 365               Actual / 365                 Actual / 365
 to the particular method
 of calculating dividends
 Redemption Record Date           10 December 2021            14 January 2022              14 January 2022

 Redemption Payment               14 December 2021            17 January 2022              17 January 2022
 Date
 Redemption Amount                         R137.49                       R100                         R100


The total amount issued under the Note Programme at date hereof is R3 060 000.00

Interest Record and Payment Dates in respect of the Notes
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 the Notes:
The Company shall be entitled to an administration fee in respect of the Notes of 0.25% per annum on the Initial
Issue Price, inclusive of VAT, payable monthly in arrears on the Monthly Interest Payment Dates, in respect of
the Fixed and Floating Rate Notes, and on redemption in respect of the Zero-Coupon Notes.
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 interest on the Notes (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

14 January 2019
Pretoria

Sponsor to Ecsponent
Questco Corporate Advisory (Pty) Ltd

Date: 14/01/2019 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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