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ECSPONENT LIMITED - March 2019 monthly preference share dividend declaration and finalisation announcement

Release Date: 26/03/2019 09:31
 
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March 2019 monthly preference share dividend 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 Codes: ECSP and ECSD
(“the Company” or “Ecsponent”)


 Class A Preference Shares       Series Number        JSE Code               ISIN
 Ecsponent Pref Share A          1                    ECSP1                  ZAE000196317
 Ecsponent Pref Share A2         2                    ECSP4                  ZAE000202495
 Ecsponent Pref Share A3         3                    ECSP7                  ZAE000210480
 Ecsponent Pref Share A4         4                    ECSP10                 ZAE000217196
 Ecsponent Pref Share A5         5                    ECSP13                 ZAE000244844

 Class C Preference Shares                            JSE Code               ISIN
 Ecsponent Pref Share C          1                    ECSP3                  ZAE000196291
 Ecsponent Pref Share C2         2                    ECSP6                  ZAE000202511
 Ecsponent Pref Share C3         3                    ECSP9                  ZAE000210506
 Ecsponent Pref Share C4         4                    ECSP12                 ZAE000218525
 Ecsponent Pref Share C5         5                    ECSP15                 ZAE000222501
 Ecsponent Pref Share C6         6                    ECSP18                 ZAE000231205
 Ecsponent Pref Share C7         7                    ECSP21                 ZAE000241725
 Ecsponent Pref Share C8         8                    ECSP24                 ZAE000246757

 Class D Preference Shares                            JSE Code               ISIN
 Ecsponent Pref Share D1         1                    ECSD1                  ZAE000250148
 Ecsponent Pref Share D2         2                    ECSD2                  ZAE000254389
 Ecsponent Pref Share D3         3                    ECSD3                  ZAE000258851
 Ecsponent Pref Share D4         4                    ECSD4                  ZAE000263265
 Ecsponent Pref Share D5         5                    ECSD5                  ZAE000268389

 Class E Preference Shares                            JSE Code               ISIN
 Ecsponent Pref Share E1         1                    ECSE1                  ZAE000250155
 Ecsponent Pref Share E2         2                    ECSE2                  ZAE000254397
 Ecsponent Pref Share E3         3                    ECSE3                  ZAE000258869
 Ecsponent Pref Share E4         4                    ECSE4                  ZAE000263281
 Ecsponent Pref Share E5         5                    ECSE5                  ZAE000268363

 Class G Preference Shares                            JSE Code               ISIN
 Ecsponent Pref Share G1         1                    ECSG1                  ZAE000250163
 Ecsponent Pref Share G2         2                    ECSG2                  ZAE000258877
 Ecsponent Pref Share G3         3                    ECSG3                  ZAE000263307

MARCH 2019 MONTHLY PREFERENCE SHARE DIVIDEND DECLARATION AND FINALISATION ANNOUNCEMENT

Holders of Class A, Class C, Class D, Class E and Class G Preference Shares are hereby advised that the dividend per
share amount, to be paid on 15 April 2019, has been finalised.

Notice is hereby given of the declaration of the following preference dividends in respect of the period commencing on
5 March 2019 and ending on the date dividends start trading ex-dividend, being 10 April 2019:
-        in respect of the Class A Preference Shares, a dividend at the rate of 10% per annum;
-        in respect of the Class C Preference Shares, a dividend at the rate of 14.25% per annum (being the prime rate
         plus 4%);
-        in respect of the Class D Preference Shares, a dividend at the rate of 12.5% per annum;
-        in respect of the Class E Preference Shares, a dividend at the rate of 11.25% per annum; and
-        in respect of the Class G Preference Shares, a dividend at the rate of 10% per annum.
the per share amounts of which have been disclosed below.
Relevant dates in relation to this dividend payment are set out below:

     Last day to trade to appear in the register on Record Date                                           Tuesday, 9 April 2019
     Preference shares start trading ex-dividend                                                       Wednesday, 10 April 2019
     Record Date                                                                                          Friday, 12 April 2019
     Payment Date                                                                                         Monday, 15 April 2019

In accordance with the requirements of Strate, no share certificates may be dematerialised or rematerialised, between the
date that the Preference Shares start trading ex-dividend, and the Record Date.

In terms of the Listings Requirements of the JSE, the following additional information is provided:
1.     The dividends have been declared from income reserves;
2.     The dividend withholding tax rate is 20%;
3.     The Company shall be entitled to an administration fee in respect of the Class D, Class E and Class G 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.
4.     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).
5.     Ecsponent’s income tax number is 9235/264/84/4.

Class A and Class C Preference Shares:
The gross local dividend amounts and the net local dividend amounts payable to Class A and Class C Preference
Shareholders are set out below:

                                                                  Class A Preference Share        Class C Preference Share
 Gross local dividend amount (cents per share)                                    95.89041                       136.64384
 Net local dividend amount (cents per share)                                      76.71233                       109.31507


Class D, Class E and Class G Preference Shares:
The net distributable amounts are set out below:

 Cents per share                                                  Class D                  Class E                 Class G
                                                         Preference Share         Preference Share        Preference Share
 Distributable amount to shareholders,
 calculated as follows:
 Gross local dividend declared                                  119.86301               107.87671                  95.89041
 Less: Administration fee of 0.25% of the initial
 Issue Price (as set out in the relevant
 Applicable Pricing Supplements) per annum                       (2.39726)               (2.39726)                 (2.39726)
 inclusive of VAT to be withheld by the
 Company
 Dividend net of administration fee                             117.46575               105.47945                  93.49315
 Less: 20% withholding tax on gross dividend                    (23.97260)              (21.57534)                (19.17808)
 Net distributable amount to shareholders                        93.49315                83.90411                  74.31507

Preference Shares in issue:

1.    The issued preference share capital in respect of the Series 1 Class A, Series 1 Class C, Series 1 Class D, Series 1
      Class E and Series 1 Class G Preference Shares is as follows as at the date of this announcement:
      1.1 61 332 Series 1 Class A Preference Shares with a total issued capital of R5 420 099.12;
      1.2 247 100 Series 1 Class C Preference Shares with a total issued capital of R24 710 000;
      1.3 425 400 Series 1 Class D Preference Shares with a total issued capital of R42 540 000;
      1.4 486 830 Series 1 Class E Preference Shares with a total issued capital of R48 683 000; and
      1.5 28 310 Series 1 Class G Preference Shares with a total issued capital of R2 831 000.

2.    The issued preference share capital in respect of the Series 2 Class A, Series 2 Class C, Series 2 Class D, Series
      2 Class E and Series 2 Class G Preference Shares is as follows as at the date of this announcement:
      2.1 246 946 Series 2 Class A Preference Shares with a total issued capital of R23 486 000;
      2.2 1 175 170 Series 2 Class C Preference Shares with a total issued capital of R117 517 000;
      2.3 677 025 Series 2 Class D Preference Shares with a total issued capital of R67 702 500;
      2.4 320 090 Series 2 Class E Preference Shares with a total issued capital of R32 009 000; and
      2.5 13 500 Series 2 Class G Preference Shares with a total issued capital of R1 350 000.

3.    The issued preference share capital in respect of the Series 3 Class A, Series 3 Class C, Series 3 Class D, Series 3
      Class E and Series 3 Class G Preference Shares is as follows as at the date of this announcement:
      3.1 50 347 Series 3 Class A Preference Shares with a total issued capital of R4 766 000;
      3.2 1 180 016 Series 3 Class C Preference Shares with a total issued capital of R118 001 600;
      3.3 835 900 Series 3 Class D Preference Shares with a total issued capital of R83 590 000;
      3.4 459 630 Series 3 Class E Preference Shares with a total issued capital of R45 963 000; and
      3.5 3 000 Series 3 Class G Preference Shares with a total issued capital of R300 000.

4.    The issued preference share capital in respect of the Series 4 Class A, Series 4 Class C, Series 4 Class D and the
      Series 4 Class E Preference Shares is as follows as at the date of this announcement:
      4.1 96 784 Series 4 Class A Preference Shares with a total issued capital of R9 365 900;
      4.2 747 063 Series 4 Class C Preference Shares with a total issued capital of R74 706 300;
      4.3 684 261 Series 4 Class D Preference Shares with a total issued capital of R68 426 100; and
      4.4 397 280 Series 4 Class E Preference Shares with a total issued capital of R39 728 000.

5.    The issued preference share capital in respect of the Series 5 Class A and the Series 5 Class C Preference Shares
      is as follows as at the date of this announcement:
      5.1 327 660 Series 5 Class A Preference Shares with a total issued capital of R32 766 000;
      5.2 1 171 989 Series 5 Class C Preference Shares with a total issued capital of R117 198 900;
      5.3 45 000 Series 5 Class D Preference Shares with a total issued capital of R4 500 000; and
      5.4 2 500 Series 5 Class E Preference Shares with a total issued capital of R250 000.

6.    The issued preference share capital in respect of the Series 6 Class C Preference Shares is as follows as at the date
      of this announcement:
      6.1 1 345 819 Series 6 Class C Preference Shares with a total issued capital of R134 581 900.

7.    The issued preference share capital in respect of the Series 7 Class C Preference Shares is as follows as at the date
      of this announcement:
      7.1 1 021 157 Series 7 Class C Preference Shares with a total issued capital of R102 115 700.

8.    The issued preference share capital in respect of the Series 8 Class C Preference Shares is as follows as at the
      date of this announcement:
      8.1 456 200 Series 8 Class C Preference Shares with a total issued capital of R45 620 000.

The Company may issue additional Preference Shares 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


26 March 2019
Pretoria

Sponsor to Ecsponent
Questco Corporate Advisory (Pty) Ltd

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