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ECSPONENT LIMITED - Monthly interest declaration and finalisation announcement

Release Date: 27/12/2019 17:00
Code(s): ECS ECSFX1 ECSFL1 ECSFX2 ECSFX3 ECSFX4 ECSFX5 ECSFX6 ECSFL2     PDF:  
Wrap Text
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

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, 20 January 2020,
has been finalised.

Notice is given of the declaration of the following interest in respect of the period commencing on Tuesday,
17 December 2019 and ending on the date that the Notes start trading ex-interest, being Wednesday,
15 January 2020 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,    14   January   2020
     Notes start trading ex-interest                                                Wednesday,    15   January   2020
     Record Date                                                                        Friday,   17   January   2020
     Payment Date                                                                     Monday,     20   January   2020

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 R83 049 400 (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, R180 000.00 issued in terms of Series 4; R7 156 300.00 issued in terms
            of Series 5 and R18 243 800.00 issued in terms of Series 6);
      -     Floating Rate Notes: An aggregate nominal amount of R30 680 600.00 (comprising
            R15 667 000.00 in terms of Series 1 and R15 013 600.00 in terms of Series 2); and
      -     Zero Coupon Notes: An aggregate nominal amount of R25 320 500.00 (comprising
            R10 148 000.00 in terms of Series 1 and R15 172 500.00 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    92.05479    69.04110    76.71233    92.05479
 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    90.13698    67.12329    74.79452    90.13698
 Noteholders


Floating Rate Notes:

                                                                                     Series 1    Series 2
 Interest per Note (cents per Note)
 Gross distributable amount to Noteholders                                           88.21918    88.21918
 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

27 December 2019
Pretoria


Sponsor to Ecsponent
Questco Corporate Advisory (Pty) Ltd

Date: 27-12-2019 05:00:00
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