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ECSPONENT LIMITED - May 2019 monthly interest declaration and finalisation announcement

Release Date: 26/04/2019 11:30
Code(s): ECS ECSFX1 ECSFL1 ECSFX2 ECSFX3     PDF:  
 
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May 2019 monthly interest declaration and finalisation announcement

 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
                               2                 ECSFX2                  ZAE000266813
                               3                 ECSFX3                  ZAE000266821
  Floating Rate Notes          1                 ECSFL1                  ZAE000265401

May 2019 monthly interest declaration and finalisation announcement

Holders of Notes issued by Ecsponent in terms of its ZAR10,000,000,000 Domestic Medium Term Note
Programme are hereby advised that the interest per Note amount, to be paid on Monday, 20 May 2019, has
been finalised.

Notice is given of the declaration of the following interest in respect of the period commencing on Monday,
15 April 2019 and ending on the date that the Notes start trading ex-interest, being Wednesday, 15 May
2019 in respect of:
-     Series 1 Fixed Rate Notes, an interest rate of 9%;
-     Series 2 Fixed Rate Notes, an interest rate of 10%;
-     Series 3 Fixed Rate Notes, an interest rate of 12%; and
-     Series 1 Floating Rate Notes, an interest rate of 11.75% (being the prime rate plus 1.5%)

Relevant dates in relation to this interest payment are set out below:

   Last day to trade to appear in the register on Record Date                      Tuesday,    14   May   2019
   Notes start trading ex-interest                                               Wednesday,    15   May   2019
   Record Date                                                                       Friday,   17   May   2019
   Payment Date                                                                    Monday,     20   May   2019

In terms of the Debt Listings Requirements of the JSE, the following additional information is provided:
1.    The interest is paid from income reserves;
2.    The Company shall be entitled to an administration fee of 0.25% per annum on the Initial Issue Price,
      inclusive of VAT, payable monthly in arrears on the Monthly Interest Payment Dates.
3.    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 Note interest (plus the applicable VAT
      thereon).
4.    Ecsponent’s income tax number is 9235/264/84/4.
5.    At the date hereof, Ecsponent has issued the following Notes:
      -      Fixed Rate Notes: An aggregate nominal amount of R28 173 000.00 (comprising R110 000.00
             issued in terms of Series 1; R7 200 000.00 issued in terms of Series 2 and R14 750 000.00
             issued in terms of Series 3);
      -      Floating Rate Notes: An aggregate nominal amount of R1 400 000.00 in terms of Series 1; and
      -      Zero Coupon Notes: An aggregate nominal amount of R4 713 000.00 in terms of Series 1.

Fixed Rate Notes:

                                                        Series 1            Series 2           Series 3
 Interest per Note (cents per Note)                     86.30137            95.89041          115.06849
 Gross distributable amount to Noteholders
 Less: Administration fee of 0.25% of the initial         2.39726            2.39726             2.39726
 Issue Price (as set out in the relevant
 Applicable Pricing Supplements) per annum
 inclusive of VAT to be withheld by the
 Company
 Net distribution amount to Noteholders                 83.90411            93.49315          112.67123


Series 1 Floating Rate Notes:

 Interest per Note (cents per Note)
 Gross distributable amount to Noteholders                                                   112.671233
 Less: Administration fee of 0.25% of the initial Issue Price (as set out in the relevant       2.39726
 Applicable Pricing Supplements) per annum inclusive of VAT to be withheld by the Company
 Net distribution amount to Noteholders                                                      110.273973

The Company may issue additional Series 1, 2 and 3 Fixed Rate and/or Floating Rate Notes 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 April 2019
Pretoria

Sponsor to Ecsponent
Questco Corporate Advisory (Pty) Ltd

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