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

Release Date: 11/03/2019 09:00
Code(s): ECS ECSFL1 ECSZR1 ECSFX2 ECSFX3     PDF:  
Wrap Text
Issue 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 Codes: ECSP and ECSD
 (“the Company” or “Ecsponent”)

  Notes                          Series number          JSE Code                ISIN
  Fixed Rate Notes               2                      ECSFX2                  ZAE000266813
  Fixed Rate Notes               3                      ECSFX3                  ZAE000266821
  Floating Rate Notes            1                      ECSFL1                  ZAE000265401
  Zero Coupon Notes              1                      ECSZR1                  ZAE000265419

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

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

                                 Fixed Rate Notes        Fixed Rate Notes            Floating Rate     Zero Coupon Notes
                                          Series 2                Series 3          Notes Series 1               Series 1
  Type of issue                          Tap issue               Tap issue               Tap issue              Tap issue

  Number of Notes                           40 500                 102 500                    8 000               24 130

  Nominal amount of this                R4 050 000            R10 250 000                R800 000             R2 413 000
  Tranche
  Issue Price per Preference                  R100                    R100                    R100                  R100
  Share
  Issue date                       12 March 2019           12 March 2019           12 March 2019           12 March 2019

  Interest Commencement          13 February 2019        13 February 2019        13 February 2019                    N/A
  Date
  Interest Rate                   10% per annum,          12% per annum,         Prime (which is as                  N/A
                               payable monthly in      payable monthly in       at the Issue Date is
                               arrears on the third    arrears on the third      10.25%) plus 1.5%
                                  Monday of each          Monday of each        per annum [nacm]
                                            month                   month      payable monthly in
                                                                               arrears on the third
                                                                                   Monday of each
                                                                                             month
  Implied yield                                N/A                     N/A                     N/A     10.66% per annum
                                                                                                                 (NACM)
  First interest payment           18 March 2019           18 March 2019           18 March 2019                    N/A
  date
  Interest periods                      Each period             Each period             Each period                  N/A
                                    commencing on           commencing on           commencing on
                                 (and including) an      (and including) an      (and including) an
                                  Interest Payment        Interest Payment        Interest Payment
                               Date and ending on      Date and ending on      Date and ending on
                                (but excluding) the     (but excluding) the     (but excluding) the
                                  following Interest      following Interest      following Interest
                                     Payment Date;           Payment Date;           Payment Date;
                                  provided that the       provided that the       provided that the
                               first Interest Period   first Interest Period   first Interest Period
                               will commence on       will commence on       will commence on
                                (and include) the      (and include) the      (and include) the
                                           interest               interest               interest
                                 commencement           commencement           commencement
                                 date and end on        date and end on        date and end on
                                     (but exclude)          (but exclude)          (but exclude)
                                   18 March 2019          18 March 2019          18 March 2019
                                    (each Interest         (each Interest         (each Interest
                                Payment Date as        Payment Date as        Payment Date as
                                       adjusted in            adjusted in            adjusted in
                                 accordance with        accordance with        accordance with
                                    the applicable         the applicable         the applicable
                                     Business Day           Business Day           Business Day
                                     Convention).           Convention).           Convention).
 Any other items relating to          Actual / 365           Actual / 365           Actual / 365         Actual / 365
 the particular method of
 calculating dividends
 Redemption Record Date          14 January 2022        14 January 2022      10 December 2021       10 December 2021

 Redemption Payment              17 January 2022        17 January 2022      13 December 2021       13 December 2021
 Date
 Redemption Amount                           R100                   R100                   R100              R137.49


The total amount issued under the Note Programme at date hereof is R20 573 000.

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

11 March 2019
Pretoria

Sponsor to Ecsponent
Questco Corporate Advisory (Pty) Ltd

Date: 11/03/2019 09:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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