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

Release Date: 14/06/2019 09:00
Code(s): ECS ECSFL1 ECSZR1 ECSFX2 ECSFX3     PDF:  
 
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Issue of Notes under the ZAR10,000,000,000 Domestic Medium Term Note Programme

 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”)

  Notes                              Series number         JSE Code                      ISIN
  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
                                                                            Series 2                                          Series 3
  Type of issue                                                            Tap issue                                         Tap issue

  Number of Notes                                                               9 500                                           30 000

  Nominal amount of this Tranche                                            R950 000                                        R3 000 000

  Issue Price per Preference Share                                              R100                                              R100
  Issue date                                                           18 June 2019                                      18 June 2019

  Interest Commencement Date                                            14 May 2019                                       14 May 2019

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

  Implied yield                                                                  N/A                                               N/A

  First interest payment date                                          24 June 2019                                      24 June 2019

  Interest periods                                 Each period commencing on (and                    Each period commencing on (and
                                            including) an Interest Payment Date and           including) an Interest Payment Date and
                                             ending on (but excluding) the following           ending on (but excluding) the following
                                           Interest Payment Date; provided that the          Interest Payment Date; provided that the
                                        first Interest Period will commence on (and       first Interest Period will commence on (and
                                         include) the interest commencement date           include) the interest commencement date
                                              and end on (but exclude) 24 June 2019             and end on (but exclude) 24 June 2019
                                        (each Interest Payment Date as adjusted in        (each Interest Payment Date as adjusted in
                                            accordance with the applicable Business           accordance with the applicable Business
                                                                     Day Convention).                                  Day Convention).
  Any other items relating to the                                         Actual / 365                                      Actual / 365
  particular method of calculating
  dividends
  Redemption Record Date                                            14 January 2022                                   14 January 2022
 Redemption Payment Date                                        17 January 2022               17 January 2022

 Redemption Amount                                                          R100                        R100



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

 Number of Notes                                                          31 500                      30 050

 Nominal amount of this Tranche                                       R3 150 000                  R3 005 000

 Issue Price per Preference Share                                           R100                        R100
 Issue date                                                        18 June 2019                 18 June 2019

 Interest Commencement Date                                         14 May 2019                          N/A

 Interest Rate                              Prime (which as at the Issue Date is                         N/A
                                          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                                       24 June 2019                          N/A

 Interest periods                              Each period commencing on (and                            N/A
                                        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) 24 June 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



Following the listing of the additional Notes detailed in this announcement, the total amount issued under
the Domestic Medium Term Note Programme is R45 743 000.00.

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

14 June 2019
Pretoria

Sponsor to Ecsponent
Questco Corporate Advisory (Pty) Ltd

Date: 14/06/2019 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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