To view the PDF file, sign up for a MySharenet subscription.

ECSPONENT LIMITED - Issue and listing of Class B, D, E and G preference shares

Release Date: 09/09/2019 09:15
 
Wrap Text
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 Code: 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 D6              6                   ECSD6                 ZAE000273140
    Ecsponent Pref Share D7              7                   ECSD7                 ZAE000277620
    Class E Preference Shares
    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 R570 917 000.00 (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
       R33 231 500.00 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 R449 721 600.00 (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, R38 700 000.00 issued in terms of Series 6 and
       R90 000 000,00 issued in terms of Series 7).
•      Class E Preference Shares: An aggregate nominal amount of R208 213 000.00 (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 R9 970 000.00 issued in terms of Series 6).
•      Class G Preference Shares: An aggregate nominal amount of R5 476 200.00 (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 R400 000 issued in terms of Series 4).

                                          Ecsponent Pref.          Ecsponent Pref.          Ecsponent Pref.
                                               Share B14                 Share D6                 Share D7
    Type of issue                                    Tap                      Tap                      New
    Number of Preference Shares                   90 840                   85 000                  900 000
    Nominal amount of this                    R9 084 000               R8 500 000              R90 000 000
    Tranche
    Issue Price per Preference                      R100                     R100                     R100
    Share
    Issue and listing date             10 September 2019         10 September 2019       10 September 2019
    Dividend Commencement                            N/A            13 August 2019       10 September 2019
    Date
    Dividend Rate                                    N/A           12.5% per annum,        12.5% per annum,
                                                                payable monthly in      payable monthly in
                                                                           arrears                 arrears
    Implied yield                 10.66% per annum (nacm)                      N/A                     N/A
    First Dividend Payment Date                      N/A         16 September 2019         14 October 2019
    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               7 June 2024        6 September 2024
    Redemption Amount                               R170                      R100                    R100
    Redemption Payment Date                 10 June 2024              10 June 2024        9 September 2014

                                                        Ecsponent Pref.                      Ecsponent Pref.
                                                              Share E6                             Share G4
    Type of issue                                                  Tap                                  Tap
    Number of Preference Shares                                 71 700                                1 500
    Nominal amount of this                                  R7 170 000                             R150 000
    Tranche
    Issue Price per Preference                                    R100                                 R100
    Share
    Issue and listing date                           10 September 2019                    10 September 2019
    Dividend Commencement                               13 August 2019                       13 August 2019
    Date
    Dividend Rate                 11.25% per annum, payable monthly in    10% per annum, payable monthly in
                                                               arrears                              arrears
    Implied yield                                                  N/A                                  N/A
    First Dividend Payment Date                      16 September 2019                    16 September 2019
    Dividend periods                                           Monthly                              Monthly
    Any other items relating to                           Actual / 365                         Actual / 365
    the particular method of
    calculating dividend
    Redemption Record Date                             2 February 2014                        8 August 2024
    Redemption Amount                                             R100                                 R100
    Redemption Payment Date                            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 D6, D7, 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 D6, D7, 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

9 September 2019
Pretoria


Sponsor to Ecsponent
Questco Corporate Advisory (Pty) Ltd

Date: 09/09/2019 09:15:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.

Email this JSE Sens Item to a Friend.

Share This Story