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

Release Date: 25/06/2019 10:04
 
Wrap Text
June 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
  Ecsponent Pref Share D6      6                  ECSD6             ZAE000273140
  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
  Ecsponent Pref Share E6      6                  ECSE6             ZAE000273132
  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

JUNE 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 18 June 2019, has been finalised.

Notice is hereby given of the declaration of the following preference dividends in respect of the period
commencing on 6 May 2019 and ending on the date dividends start trading ex-dividend, being 12 June
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                             Tuesday,  9 July 2019
  Preference shares start trading ex-dividend                                          Wednesday, 10 July 2019
  Record Date                                                                             Friday, 12 July 2019
  Payment Date                                                                            Monday, 15 July 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 amount and the net local dividend amount payable to Class A and Class C
Preference Shareholders are set out below:

                                                            Class A Preference            Class C Preference
                                                                         Share                         Share
 Gross local dividend amount (cents per
                                                                      76.71233                     109.31507
 share)
 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)             (1.91781)              (1.91781)             (1.91781)
 per annum 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
                                                     (19.17808)              (17.26027)           (15.34247)
 dividend
 Net distributable amount to
                                                      74.79452               67.12329              59.45205
 shareholders
Preference Shares in issue:

1.    The issued preference share capital in respect of the Series 1 Preference Shares at the date of this
      announcement is as follows:
      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 Preference Shares at the date of this
      announcement is as follows:
      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 Preference Shares at the date of this
      announcement is as follows:
      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 8 952 Series 3 Class G Preference Shares with a total issued capital of R895 200.

4.    The issued preference share capital in respect of the Series 4 Preference Shares at the date of this
      announcement is as follows:
      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 Preference Shares at the date of this
      announcement is as follows:
      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;
      5.3 561 500 Series 5 Class D Preference Shares with a total issued capital of R56 150 000; and
      5.4 234 500 Series 5 Class E Preference Shares with a total issued capital of R23 450 000.

6.    The issued preference share capital in respect of the Series 6 Preference Shares at the date of this
      announcement is as follows:
      6.1 1 345 819 Series 6 Class C Preference Shares with a total issued capital of R134 581 900;
      6.2 10 000 Series 6 Class D Preference Shares with a total issued capital of R1 000 000; and
      6.3 6 000 Series 6 Class E Preference Shares with a total issued capital of R600 000.

7.    The issued preference share capital in respect of the Series 7 Preference Shares at the date of this
      announcement is as follows:
      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 Preference Shares at the date of this
      announcement is as follows:
      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

25 June 2019
Pretoria


Sponsor to Ecsponent
Questco Corporate Advisory (Pty) Ltd

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