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ECSPONENT LIMITED - November 2019 monthly interest declaration and finalisation announcement

Release Date: 29/10/2019 10:00
Code(s): ECS ECSFX1 ECSFL1 ECSFX2 ECSFX3 ECSFX4 ECSFX5 ECSFX6 ECSFL2     PDF:  
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November 2019 monthly interest 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 Code: ECSD
(“the Company” or “Ecsponent”)

 Notes                        Series number      JSE Code                ISIN
 Fixed Rate Notes             1                  ECSFX1                  ZAE000265393
                              2                  ECSFX2                  ZAE000266813
                              3                  ECSFX3                  ZAE000266821
                              4                  ECSFX4                  ZAE000275566
                              5                  ECSFX5                  ZAE000275574
                              6                  ECSFX6                  ZAE000275582
 Floating Rate Notes          1                  ECSFL1                  ZAE000265401
                              2                  ECSFL2                  ZAE000275616

November 2019 monthly interest declaration and finalisation announcement

Holders of Notes issued by Ecsponent in terms of its ZAR10,000,000,000 Domestic Medium Term Note
Programme are hereby advised that the interest per Note amount, to be paid on Monday, 18 November
2019, has been finalised.

Notice is given of the declaration of the following interest in respect of the period commencing on Tuesday,
15 October 2019 and ending on the date that the Notes start trading ex-interest, being Wednesday,
13 November 2019 in respect of:
-    Series 1 Fixed Rate Notes, an interest rate of 9%;
-    Series 2 Fixed Rate Notes, an interest rate of 10%;
-    Series 3 Fixed Rate Notes, an interest rate of 12%;
-    Series 4 Fixed Rate Notes, an interest rate of 9%;
-    Series 5 Fixed Rate Notes, an interest rate of 10%;
-    Series 6 Fixed Rate Notes, an interest rate of 12%;
-    Series 1 Floating Rate Notes, an interest rate of 11.50% (being the prime rate plus 1.5%); and
-    Series 2 Floating Rate Notes, an interest rate of 11.50% (being the prime rate plus 1.5%).



Relevant dates in relation to this interest payment are set out below:

  Last day to trade to appear in the register on Record Date                  Tuesday, 12 November 2019
  Notes start trading ex-interest                                           Wednesday, 13 November 2019
  Record Date                                                                  Friday, 15 November 2019
  Payment Date                                                                 Monday, 18 November 2019

In terms of the Debt Listings Requirements of the JSE, the following additional information is provided:
1.    The interest is paid from income reserves;
2.    The Company shall be entitled to an administration fee of 0.25% per annum on the Initial Issue Price,
      inclusive of VAT, payable monthly in arrears on the Monthly Interest Payment Dates.
3.    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 Note interest (plus the applicable VAT
      thereon).
4.    Ecsponent’s income tax number is 9235/264/84/4.
5.    At the date hereof, Ecsponent has issued the following Notes:
      -     Fixed Rate Notes: An aggregate nominal amount of R59 135 400.00 (comprising R1 250 000.00
            issued in terms of Series 1; R16 913 000.00 issued in terms of Series 2; R32 150 000.00 issued
            in terms of Series 3, R20 000.00 issued in terms of Series 4; R2 163 600.00 issued in terms of
            Series 5 and R6 638 800.00 issued in terms of Series 6);
      -     Floating Rate Notes: An aggregate nominal amount of R17 890 000.00 (comprising
            R15 667 000.00 in terms of Series 1 and R2 223 000.00 in terms of Series 2); and
      -     Zero Coupon Notes: An aggregate nominal amount of R12 868 000.00 (comprising
            R10 148 000.00 in terms of Series 1 and R2 720 000.00 in terms of Series 2).


Fixed Rate Notes:

                                     Series 1    Series 2    Series 3    Series 4    Series 5    Series 6
 Interest per Note (cents per
 Note)
 Gross distributable amount to       69.04110    76.71233    92.05480    69.04110    76.71233    92.05480
 Noteholders
 Less: Administration fee of        (1.91781)   (1.91781)   (1.91781)   (1.91781)   (1.91781)   (1.91781)
 0.25% of the initial Issue Price
 (as set out in the relevant
 Applicable               Pricing
 Supplements)      per    annum
 inclusive of VAT to be withheld
 by the Company
 Net distribution amount to          67.12329    74.79452    90.13699    67.12329    74.79452    90.13699
 Noteholders


Floating Rate Notes:

                                                                                    Series 1    Series 2
 Interest per Note (cents per Note)                                                 88.21918    88.21918
 Gross distributable amount to Noteholders
 Less: Administration fee of 0.25% of the initial Issue Price (as set out in the    (1.91781)   (1.91781)
 relevant Applicable Pricing Supplements) per annum inclusive of VAT to be
 withheld by the Company
 Net distribution amount to Noteholders                                             86.30137    86.30137

The Company may issue additional Series 1, 2, 3, 4, 5 and/or 6 Fixed Rate and/or Series 1 and/or 2 Floating
Rate Notes 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

29 October 2019
Pretoria


Sponsor to Ecsponent
Questco Corporate Advisory (Pty) Ltd

Date: 29/10/2019 10:00:00
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