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

Release Date: 12/04/2019 09:00
Code(s): ECS ECSFX1 ECSFL1 ECSZR1 ECSFX2 ECSFX3     PDF:  
 
Wrap Text
Issue of Notes under the ZAR10,000,000,000 Domestic Medium Term Note Programme

 ECSPONENT LIMITED
IIncorporated 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                   1                      ECSFX1                    ZAE000265393
  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              Fixed Rate Notes
                                                            Series 1                           Series 2                      Series 3
  Type of issue                                            Tap Issue                          Tap issue                     Tap issue

  Number of Notes                                               1 000                           27 500                          30 000

  Nominal amount of this Tranche                            R100 000                        R2 750 000                     R3 000 000

  Issue Price per Preference Share                               R100                             R100                            R100
  Issue date                                            15 April 2019                     15 April 2019                  15 April 2019

  Interest Commencement Date                          12 March 2019                     12 March 2019                  12 March 2019

  Interest Rate                            9% per annum, payable              10% per annum, payable       12% per annum, payable
                                          monthly in arrears on the           monthly in arrears on the    monthly in arrears on the
                                            third Monday of each          third Monday of each month         third Monday of each
                                                             month                                                            month

  Implied yield                                                   N/A                              N/A                             N/A

  First interest payment date                           23 April 2019                     23 April 2019                  23 April 2019

  Interest periods                         Each period commencing          Each period commencing on        Each period commencing
                                                 on (and including) an       (and including) an Interest         on (and including) an
                                         Interest Payment Date and        Payment Date and ending on           Interest Payment Date
                                           ending on (but excluding)      (but excluding) the following             and ending on (but
                                                the following Interest          Interest Payment Date;       excluding) the following
                                            Payment Date; provided               provided that the first      Interest Payment Date;
                                                              that the              Interest Period will        provided that the first
                                             first Interest Period will    commence on (and include)                Interest Period will
                                        commence on (and include)         the interest commencement                commence on (and
                                                          the interest            date and end on (but            include) the interest
                                          commencement date and                exclude) 18 March 2019      commencement date and
                                                 end on (but exclude)     (each Interest Payment Date            end on (but exclude)
                                         18 March 2019 (each          as adjusted in accordance        18 March 2019 (each
                                     Interest Payment Date as       with the applicable Business   Interest Payment Date as
                                       adjusted in accordance                  Day Convention).      adjusted in accordance
                                           with the applicable                                           with the applicable
                                    Business Day Convention).                                                  Business Day
                                                                                                               Convention).
Any other items relating to the                    Actual / 365                    Actual / 365                 Actual / 365
particular method of calculating
dividends
Redemption Record Date                      10 December 2021                   14 January 2022             14 January 2022

Redemption Payment Date                     14 December 2021                   17 January 2022             17 January 2022

Redemption Amount                                          R100                           R100                        R100



                                           Floating Rate Notes              Zero Coupon Notes
                                                       Series 1                       Series 1
Type of issue                                         Tap issue                      Tap issue

Number of Notes                                            5 000                         12 500

Nominal amount of this Tranche                        R500 000                      R1 250 000

Issue Price per Preference Share                           R100                           R100
Issue date                                        15 April 2019                   15 April 2019

Interest Commencement Date                      12 March 2019                               N/A

Interest Rate                          Prime (which is as at the                            N/A
                                     Issue Date is 10.25%) plus
                                       1.5% per annum [nacm]
                                    payable monthly in arrears
                                        on the third Monday of
                                                    each month
Implied yield                                               N/A     10.66% per annum (NACM)

First interest payment date                       23 April 2019                             N/A

Interest periods                       Each period commencing                               N/A
                                           on (and including) an
                                    Interest Payment Date and
                                      ending on (but excluding)
                                          the following Interest
                                        Payment Date; provided
                                   that the first Interest Period
                                         will commence on (and
                                            include) the interest
                                      commencement date and
                                           end on (but exclude)
                                           18 March 2019 (each
                                      Interest Payment Date as
                                         adjusted in accordance
                                              with the applicable
                                     Business Day Convention).
 Any other items relating to the              Actual / 365               Actual / 365
 particular method of calculating
 dividends
 Redemption Record Date                  10 December 2021          10 December 2021

 Redemption Payment Date                 13 December 2021          13 December 2021

 Redemption Amount                                  R100                    R137.49




The total amount issued under the Note Programme at date hereof is R28 173 000.

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

12 April 2019
Pretoria

Sponsor to Ecsponent
Questco Corporate Advisory (Pty) Ltd

Date: 12/04/2019 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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