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ECSPONENT LIMITED - Issue and listing of Class B, D, E and G Preference Shares

Release Date: 03/05/2019 08:45
Code(s): ECS ECSG3 ECSE5 ECSB13 ECSD5     PDF:  
 
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Issue and listing of Class B, D, E and G Preference Shares

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 B Preference Shares            Series number       JSE Code              ISIN
    Ecsponent Pref Share B13             13                  ECSB13                ZAE000268371
    Class D Preference Shares
    Ecsponent Pref Share D5              5                   ECSD5                 ZAE000268389
    Class E Preference Shares
    Ecsponent Pref Share E5              5                   ECSE5                 ZAE000268363
    Class G Preference Shares
    Ecsponent Pref Share G3              3                   ECSG3                 ZAE000263307

Issue and listing of Class B, D, E and G Preference Shares under the ZAR5,000,000,000 Preference
Share Programme

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

Following the issuance, the total preference shares in issue are as follows:

•      Class A Preference Shares: An aggregate nominal amount of R75 803 999.12 (comprising
       R5 420 099.12 issued in terms of Series 1; R23 486 000.00 issued in terms of Series 2, R4 766 000.00
       issued in terms of Series 3, R9 365 900.00 issued in terms of Series 4 and R32 766 000.00 issued in
       terms of Series 5).
•      Class B Preference Shares: An aggregate nominal amount of R527 272 100.00 (comprising
       R6 868 000.00 issued in terms of Series 1; R46 166 000.00 issued in terms of Series 2, R36 949 200.00
       issued in terms of Series 3, R11 455 700.00 issued in terms of Series 4, R24 341 600.00 issued in
       terms of Series 5, R37 566 700.00 issued in terms of Series 6, R48 153 600.00 issued in terms of Series
       7, R44 007 800.00 issued in terms of Series 8, R52 118 000.00 in terms of Series 9, R50 248 800.00
       in terms of Series 10, R65 096 600.00 in terms of Series 11, R55 601 600.00 in terms of Series 12 and
       R48 698 200.00 in terms of Series 13).
•      Class C Preference Shares: An aggregate nominal amount of R734 451 400.00 (comprising
       R24 710 000.00 issued in terms of Series 1; R117 517 000.00 issued in terms of Series 2,
       R118 001 600.00 issued in terms of Series 3, R74 706 300.00 issued in terms of Series 4,
       R117 198 900.00 issued in terms of Series 5, R134 581 900.00 issued in terms of Series 6,
       R102 115 700.00 issued in terms of Series 7 and R45 620 000.00 issued in terms of Series 8).
•      Class D Preference Shares: An aggregate nominal amount of R306 008 600.00 (comprising
       R42 540 000.00 issued in terms of Series 1, R67 702 500.00 issued in terms of Series 2,
       R83 590 000.00 issued in terms of Series 3, R68 426 100.00 in terms of Series 4 and R43 750 000.00
       in terms of Series 5).
•      Class E Preference Shares: An aggregate nominal amount of R188 133 000.00 (comprising
       R48 683 000.00 issued in terms of Series 1, R32 009 000.00 issued in terms of Series 2,
       R45 963 000.00 issued in terms of Series 3, R39 728 000.00 in terms of Series 4 and R21 750 000.00
       in terms of Series 5).
•      Class G Preference Shares: An aggregate nominal amount of R4 741 000.00 (comprising R2 831 000.00
       issued in terms of Series 1, R1 350 000 issued in terms of Series 2 and R560 000.00 issued in terms of
       Series 3).
                                          Ecsponent Pref.              Ecsponent Pref.              Ecsponent Pref.            Ecsponent Pref.
                                               Share B13                     Share D5                     Share E5                   Share G3

Type of issue                                  Tap issue                     Tap issue                   Tap issue                   Tap issue

Number of Preference Shares                      111 287                       195 000                     106 400                       1 200

Nominal amount of this                       R11 128 700                   R19 500 000                 R10 640 000                    R120 000
Tranche
Issue Price per Preference                          R100                          R100                        R100                        R100
Share
Issue and Listing date                        6 May 2019                    6 May 2019                  6 May 2019                  6 May 2019

Dividend Commencement                                N/A                 10 April 2019               10 April 2019               10 April 2019
Date(s)
Dividend Rate                                        N/A      12.5% per annum, payable  11.25%, per annum, payable     10%, per annum, payable
                                                                    monthly in arrears          monthly in arrears          monthly in arrears

Implied yield                    10.66 percent per annum                           N/A                         N/A                        N/A
                                                  (nacm)
First dividend payment date                          N/A                   13 May 2019                 13 May 2019                13 May 2019

Dividend periods                                     N/A                       Monthly                     Monthly                    Monthly

Any other items relating to the                      N/A                  Actual / 365                Actual / 365               Actual / 365
particular method of calculating
dividends
Redemption Record Date                   2 February 2024               2 February 2024             2 February 2024            13 October 2023

Redemption Amount                                   R170                          R100                        R100                       R100

Redemption Payment Date                  5 February 2024               5 February 2024             5 February 2024            16 October 2023

The total authorised amount of R5,000,000,000 under the Programme Memorandum has not been exceeded

Dividend Record and Payment Dates in respect of Preference Shares D5, E5 and G3:
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 Preference Shares D5, E5 and G3:
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.

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)

For more information about this announcement or the Ecsponent group, email:
investor.relations@ecsponent.com or visit www.ecsponentlimited.com/investor-relations

3 May 2019
Pretoria

Sponsor to Ecsponent
Questco Corporate Advisory (Pty) Ltd

Date: 03/05/2019 08:45:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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