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

Release Date: 12/08/2019 08:30
Code(s): ECS ECSE5 ECSD5 ECSE6 ECSD6 ECSB14 ECSG4     PDF:  
 
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Issue and listing of Class B, D, E and G Preference Shares under the ZAR5,000,000,000 Preference Share 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”)

    Class B Preference Shares            Series number       JSE Code              ISIN
    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 G4              4                   ECSG4                 ZAE000273124

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 R561 833 000.00 (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, R59 111 900.00 issued in terms of Series 13 and
       R24 147 500.00 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 R351 221 600.00 (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,
       R58 763 000.00 issued in terms of Series 5 and R30 200 000.00 issued in terms of Series 6).
•      Class E Preference Shares: An aggregate nominal amount of R201 043 000.00 (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,
       R31 860 000.00 issued in terms of Series 5 and R2 800 000.00 issued in terms of Series 6).
•      Class G Preference Shares: An aggregate nominal amount of R5 326 200.00 (comprising R2 831 000.00
       issued in terms of Series 1, R1 350 000 issued in terms of Series 2, R895 200.00 issued in terms of
       Series 3 and R250 000 issued in terms of Series 4).

                                           Ecsponent Pref.               Ecsponent Pref.             Ecsponent Pref.
                                                Share B14                      Share D5                    Share D6
    Type of issue                                     Tap                           Tap                         Tap
    Number of Preference                          103 815                        10 000                     172 000
    Shares
    Nominal amount of this                     R10 381 500                    R1 000 000                 R17 200 000
    Tranche
    Issue Price per Preference                         R100                         R100                        R100
    Share
    Issue and listing date                  13 August 2019                13 August 2019              13 August 2019
    Dividend Commencement                              N/A                   10 July 2019                10 July 2019
    Date
    Dividend Rate                                       N/A     12.5% per annum, payable    12.5% per annum, payable
                                                                       monthly in arrears          monthly in arrears
    Implied yield                        10.66% per annum                            N/A                         N/A
                                                    (nacm)
    First Dividend Payment                             N/A                19 August 2019              19 August 2019
    Date
    Dividend periods                                    N/A                      Monthly                     Monthly
    Any other items relating to                         N/A                  Actual / 365                Actual / 365
    the particular method of
    calculating dividend
    Redemption Record Date                     7 June 2024               2 February 2024                 7 June 2024
    Redemption Amount                                 R170                          R100                        R100
    Redemption Payment Date                   10 June 2024               5 February 2024                10 June 2024

                                           Ecsponent Pref.               Ecsponent Pref.            Ecsponent Pref.
                                                 Share E5                      Share E6                   Share G4
    Type of issue                                     Tap                           Tap                        New
    Number of Preference                            7 000                        22 000                      2 500
    Shares
    Nominal amount of this                        R700 000                    R2 200 000                    R250 000
    Tranche
    Issue Price per Preference                        R100                          R100                        R100
    Share
    Issue and listing date                  13 August 2019                13 August 2019              13 August 2019
    Dividend Commencement                      10 July 2019                  10 July 2019             13 August 2019
    Date
    Dividend Rate                       11.25% per annum,      11.25% per annum, payable     10% per annum, payable
                                  payable monthly in arrears           monthly in arrears         monthly in arrears
    Implied yield                                       N/A                          N/A                        N/A
    First Dividend Payment                  19 August 2019                19 August 2019         16 September 2019
    Date
    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               2 February 2014               8 August 2024
    Redemption Amount                                 R100                          R100                        R100
    Redemption Payment Date                5 February 2014               5 February 2014              12 August 2024

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 G4:
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 G4:
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

12 August 2019
Pretoria


Sponsor to Ecsponent
Questco Corporate Advisory (Pty) Ltd

Date: 12/08/2019 08:30:00
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