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

Release Date: 04/02/2019 09:30
 
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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 Codes: ECSP and ECSD
(“the Company” or “Ecsponent”)

    Class B Preference Shares            Series number       JSE Code              ISIN
    Ecsponent Pref Share B12             12                  ECSB12                ZAE000263257
    Ecsponent Pref Share B13             13                  ECSB13                ZAE000268371
    Class D Preference Shares
    Ecsponent Pref Share D4              4                   ECSD4                 ZAE000263265
    Ecsponent Pref Share D5              5                   ECSD5                 ZAE000268389
    Class E Preference Shares
    Ecsponent Pref Share E4              4                   ECSE4                 ZAE000263281
    Ecsponent Pref Share E5              5                   ECSE5                 ZAE000268363

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 R468 557 100.00 (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, R45 485 100.00 in terms of Series 12 and
       R100 000.00 in terms of Series 13).
•      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 R263 058 600.00 (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, R66 226 100.00 in terms of Series 4 and R3 000 000.00
       in terms of Series 5).
•      Class E Preference Shares: An aggregate nominal amount of R155 783 000.00 (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, R28 878 000.00 in terms of Series 4 and R250 000.00 in
       terms of Series 5).
•      Class G Preference Shares: An aggregate nominal amount of R4 381 000.00 (comprising R2 831 000.00
       issued in terms of Series 1, R1 350 000 issued in terms of Series 2 and R200 000.00 issued in terms of
       Series 3).
                                          Ecsponent Pref.              Ecsponent Pref.               Ecsponent Pref.            Ecsponent Pref.
                                                Share B12                     Share D4                      Share E4                  Share B13
Type of issue                                   Tap issue                    Tap issue                     Tap issue                  New issue

Number of Preference Shares                        24 670                      290 050                        60 340                      1 000

Nominal amount of this                         R2 467 000                  R29 005 000                    R6 034 000                   R100 000
Tranche
Issue Price per Preference                           R100                         R100                          R100                       R100
Share
Issue and Listing date                    5 February 2019              5 February 2019               5 February 2019            5 February 2019

Dividend Commencement                                 N/A               8 January 2019                8 January 2019                        N/A
Date(s)
Dividend Rate                                         N/A     12.5% per annum, payable    11.25%, per annum, payable                        N/A
                                                                    monthly in arrears            monthly in arrears

Implied yield                      10.66 percent per annum                         N/A                           N/A    10.66 percent per annum
                                                     (nacm)                                                                               (nacm)
First dividend payment date                            N/A            11 February 2019              11 February 2019                        N/A

Dividend periods                                       N/A                     Monthly                       Monthly                        N/A

Any other items relating to the                        N/A                Actual / 365                  Actual / 365                        N/A
particular method of calculating
dividends
Redemption Record Date                     13 October 2023             13 October 2023               13 October 2023            2 February 2024

Redemption Amount                                     R170                        R100                          R100                       R170

Redemption Payment Date                    16 October 2023             16 October 2023               16 October 2023            5 February 2024
                                              
                                              Ecsponent Pref.                 Ecsponent Pref.
                                                     Share D5                        Share E5
Type of issue                                       New issue                       New issue

Number of Preference Shares                            30 000                           2 500

Nominal amount of this                             R3 000 000                        R250 000
Tranche
Issue Price per Preference                               R100                            R100
Share
Issue and Listing date                        5 February 2019                 5 February 2019

Dividend Commencement                         5 February 2019                 5 February 2019
Date(s)
Dividend Rate                        12.5% per annum, payable      11.25%, per annum, payable
                                           monthly in arrears              monthly in arrears

Implied yield                                             N/A                             N/A

First dividend payment date                     11 March 2019                   11 March 2019

Dividend periods                                      Monthly                         Monthly

Any other items relating to the                   Actual / 365                   Actual / 365
particular method of calculating
dividends
Redemption Record Date                         2 February 2024                2 February 2024

Redemption Amount                                         R100                           R100

Redemption Payment Date                        5 February 2024                5 February 2024



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, D5, E4 and E5:
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 D4, D5, E4 and E5:
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

4 February 2019
Pretoria

Sponsor to Ecsponent
Questco Corporate Advisory (Pty) Ltd

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