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

Release Date: 18/04/2019 09:00
 
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April 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

APRIL 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 13 May 2019, has been finalised.

Notice is hereby given of the declaration of the following preference dividends in respect of the period commencing on
9 April 2019 and ending on the date dividends start trading ex-dividend, being 7 May 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                                            Monday, 6 May 2019
     Preference shares start trading ex-dividend                                                          Tuesday, 7 May 2019
     Record Date                                                                                           Friday, 10 May 2019
     Payment Date                                                                                         Monday, 13 May 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)                                      76.71233                        109.31507
 Net local dividend amount (cents per share)                                        61.36986                         87.45206


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                                     95.89041                 86.30137                 76.71233
 Less: Administration fee of 0.25% of the initial
 Issue Price (as set out in the relevant
 Applicable Pricing Supplements) per annum                         (1.91781)               (1.91781)                 (1.91781)
 inclusive of VAT to be withheld by the
 Company
 Dividend net of administration fee                                93.97260                 84.38356                 74.79452
 Less: 20% withholding tax on gross dividend                      (19.17808)              (17.26027)                (15.34247)
 Net distributable amount to shareholders                           74.79452                67.12329                  59.45205

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 4 400 Series 3 Class G Preference Shares with a total issued capital of R440 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;
      5.3 242 500 Series 5 Class D Preference Shares with a total issued capital of R24 250 000; and
      5.4 111 100 Series 5 Class E Preference Shares with a total issued capital of R11 100 000.

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


18 April 2019
Pretoria

Sponsor to Ecsponent
Questco Corporate Advisory (Pty) Ltd

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