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

Release Date: 07/10/2019 08:30
 
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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 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
    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 R70 383 900.00 (comprising
       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 267 000.00 (comprising
       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
       R39 449 500.00 issued in terms of Series 14).
•      Class C Preference Shares: An aggregate nominal amount of R709 741 400.00 (comprising
       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 R459 621 600.00 (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, R48 600 000.00 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 R211 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 R12 970 000.00 issued in terms of Series 6).
•      Class G Preference Shares: An aggregate nominal amount of R5 636 200.00 (comprising R2 831 000.00
       issued in terms of Series 1, R1 350 000.00 issued in terms of Series 2, R895 200.00 issued in terms of
       Series 3 and R560 000.00 issued in terms of Series 4).

                                                       Ecsponent Pref.                       Ecsponent Pref.
                                                            Share B14                              Share D6
    Type of issue                                                 Tap                                   Tap
    Number of Preference Shares                                62 180                                99 000
    Nominal amount of this                                 R6 218 000                            R9 900 000
    Tranche
    Issue Price per Preference                                   R100                                  R100
    Share
    Issue and listing date                             8 October 2019                        8 October 2019
    Dividend Commencement                                         N/A                     10 September 2019
    Date
    Dividend Rate                                                 N/A   12.5% per annum, payable monthly in
                                                                                                    arrears
    Implied yield                             10.66% per annum (nacm)                                   N/A
    First Dividend Payment Date                                   N/A                        14 October 2019
    Dividend periods                                              N/A                                Monthly
    Any other items relating to                                   N/A                           Actual / 365
    the particular method of
    calculating dividend
    Redemption Record Date                                 7 June 2024                           7 June 2024
    Redemption Amount                                             R170                                  R100
    Redemption Payment Date                               10 June 2024                          10 June 2024

                                                       Ecsponent Pref.                       Ecsponent Pref.
                                                             Share E6                              Share G4
    Type of issue                                                  Tap                                  Tap
    Number of Preference Shares                                 30 000                                1 600
    Nominal amount of this                                  R3 000 000                             R160 000
    Tranche
    Issue Price per Preference                                    R100                                 R100
    Share
    Issue and listing date                              8 October 2019                       8 October 2019
    Dividend Commencement                            10 September 2019                    10 September 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                        14 October 2019                      14 October 2019
    Dividend periods                                           Monthly                              Monthly
    Any other items relating to                           Actual / 365                         Actual / 365
    the particular method of
    calculating dividend
    Redemption Record Date                                 7 June 2024                        8 August 2024
    Redemption Amount                                             R100                                 R100
    Redemption Payment Date                               10 June 2024                       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, 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, 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

7 October 2019
Pretoria

Sponsor to Ecsponent
Questco Corporate Advisory (Pty) Ltd

Date: 07/10/2019 08:30:00
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