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

Release Date: 10/06/2019 09:00
Code(s): ECS ECSG3 ECSE5 ECSB13 ECSD5 ECSE6 ECSD6 ECSB14     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
    Ecsponent Pref Share B14             14                  ECSB14                ZAE000273157
    Class D Preference Shares
    Ecsponent Pref Share D5              5                   ECSD5                 ZAE000268389
    Ecsponent Pref Share D6              6                   ECSD6                 ZAE000273140
    Class E Preference Shares
    Ecsponent Pref Share E5              5                   ECSE5                 ZAE000268363
    Ecsponent Pref Share E6              6                   ECSE6                 ZAE000273132
    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 R541 561 800.00 (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 issued in terms of Series 9,
       R50 248 800.00 issued in terms of Series 10, R65 096 600.00 issued in terms of Series 11,
       R55 601 600.00 issued in terms of Series 12, R56 788 200.00 issued in terms of Series 13 and R6 200
       000.00 issued in terms of Series 14).
•      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 R319 408 600.00 (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 issued in terms of Series 4,
       R56 150 000.00 issued in terms of Series 5 and R1 000 000.00 issued in terms of Series 6).
•      Class E Preference Shares: An aggregate nominal amount of R190 433 000.00 (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 issued in terms of Series 4,
       R23 450 000.00 issued in terms of Series 5 and R600 000.00 issued in terms of Series 6).
•      Class G Preference Shares: An aggregate nominal amount of R5 076 200.00 (comprising R2 831 000.00
       issued in terms of Series 1, R1 350 000 issued in terms of Series 2 and R895 200.00 issued in terms of
       Series 3).
•
                                  Ecsponent Pref.      Ecsponent Pref.      Ecsponent Pref.      Ecsponent Pref.
                                       Share B13            Share B14             Share D5             Share D6
    Type of issue                            Tap                  New                  Tap                  New
    Number of Preference Shares           80 900               62 000              124 000               10 000
    Nominal amount of this            R8 090 000           R6 200 000          R12 400 000           R1 000 000
    Tranche
    Issue Price per Preference              R100                 R100                 R100                 R100
    Share
    Issue and listing date          11 June 2019         11 June 2019         11 June 2019         11 June 2019
    Dividend Commencement                    N/A                  N/A           7 May 2019         11 June 2019
    Date
    Dividend Rate                            N/A                  N/A            12.5% per            12.5% per
                                                                            annum, payable       annum, payable
                                                                        monthly in arrears   monthly in arrears
    Implied yield                     10.66% per           10.66% per                  N/A                  N/A
                                     annum (nacm)         annum (nacm)
    First Dividend Payment Date              N/A                  N/A         18 June 2019         15 July 2019
    Dividend periods                         N/A                  N/A              Monthly              Monthly
    Any other items relating to              N/A                  N/A         Actual / 365         Actual / 365
    the particular method of
    calculating dividend
    Redemption Record Date        2 February 2024         7 June 2024      2 February 2024          7 June 2024
    Redemption Amount                        R170                R170                 R100                 R100
    Redemption Payment Date       5 February 2024        10 June 2024      5 February 2024         10 June 2024

                                  Ecsponent Pref.      Ecsponent Pref.      Ecsponent Pref.
                                        Share E5             Share E6             Share G3
    Type of issue                            Tap                  New                  Tap
    Number of Preference Shares           17 000                6 000                3 352
    Nominal amount of this            R1 700 000             R600 000             R335 200
    Tranche
    Issue Price per Preference              R100                 R100                 R100
    Share
    Issue and listing date          11 June 2019         11 June 2019         11 June 2019
    Dividend Commencement             7 May 2019         11 June 2019           7 May 2019
    Date
    Dividend Rate                     11.25% per           11.25% per        10% per annum,
                                  annum, payable       annum, payable      payable monthly
                              monthly in arrears   monthly in arrears           in arrears
    Implied yield                            N/A                  N/A                  N/A
    First Dividend Payment Date     18 June 2019         15 July 2019         18 June 2019
    Dividend periods                     Monthly              Monthly              Monthly
    Any other items relating to     Actual / 365         Actual / 365         Actual / 365
    the particular method of
    calculating dividend
    Redemption Record Date       2 February 2024          7 June 2024      13 October 2023
    Redemption Amount                       R100                 R100                 R100
    Redemption Payment Date      5 February 2014         10 June 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, D6, E5, E6, 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, D6, E5, E6, 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

10 June 2019
Pretoria


Sponsor to Ecsponent
Questco Corporate Advisory (Pty) Ltd

Date: 10/06/2019 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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