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ECSPONENT LIMITED - Default in respect of the payment of the February 2020 Monthly Preference Share Dividends

Release Date: 21/02/2020 17:44
Wrap Text
Default in respect of the payment of the February 2020 Monthly Preference Share Dividends

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 A Preference Shares    Series Number     JSE Code            ISIN
  Ecsponent Pref Share A2      2                 ECSP4               ZAE000202495
  Ecsponent Pref Share A3      3                 ECSP7               ZAE000210480
  Ecsponent Pref Share A4      4                 ECSP10              ZAE000217196
  Ecsponent Pref Share A5      5                 ECSP13              ZAE000244844

  Class C Preference Shares                      JSE Code            ISIN
  Ecsponent Pref Share C2      2                 ECSP6               ZAE000202511
  Ecsponent Pref Share C3      3                 ECSP9               ZAE000210506
  Ecsponent Pref Share C4      4                 ECSP12              ZAE000218525
  Ecsponent Pref Share C5      5                 ECSP15              ZAE000222501
  Ecsponent Pref Share C6      6                 ECSP18              ZAE000231205
  Ecsponent Pref Share C7      7                 ECSP21              ZAE000241725
  Ecsponent Pref Share C8      8                 ECSP24              ZAE000246757

  Class D Preference Shares                      JSE Code            ISIN
  Ecsponent Pref Share D1      1                 ECSD1               ZAE000250148
  Ecsponent Pref Share D2      2                 ECSD2               ZAE000254389
  Ecsponent Pref Share D3      3                 ECSD3               ZAE000258851
  Ecsponent Pref Share D4      4                 ECSD4               ZAE000263265
  Ecsponent Pref Share D5      5                 ECSD5               ZAE000268389
  Ecsponent Pref Share D6      6                 ECSD6               ZAE000273140
  Ecsponent Pref Share D7      7                 ECSD7               ZAE000277620
  Ecsponent Pref Share D8      8                 ECSD8               ZAE000280291

  Class E Preference Shares                      JSE Code            ISIN
  Ecsponent Pref Share E1      1                 ECSE1               ZAE000250155
  Ecsponent Pref Share E2      2                 ECSE2               ZAE000254397
  Ecsponent Pref Share E3      3                 ECSE3               ZAE000258869
  Ecsponent Pref Share E4      4                 ECSE4               ZAE000263281
  Ecsponent Pref Share E5      5                 ECSE5               ZAE000268363
  Ecsponent Pref Share E6      6                 ECSE6               ZAE000273132
  Ecsponent Pref Share E7      7                 ECSE7               ZAE000280947

  Class G Preference Shares                      JSE Code            ISIN
  Ecsponent Pref Share G1      1                 ECSG1               ZAE000250163
  Ecsponent Pref Share G2      2                 ECSG2               ZAE000258877
  Ecsponent Pref Share G3      3                 ECSG3               ZAE000263307
  Ecsponent Pref Share G4      4                 ECSG4               ZAE000273124


Holders of Class A, Class C, Class D, Class E and Class G Preference Shares are referred to the following
announcements issued by the Company on the Stock Exchange News Service (“SENS”):

•     dated 10 February 2010, which contained, inter alia, a cautionary announcement advising
      shareholders to exercise caution when dealing in the Company’s securities; and

•     dated 11 February 2020 in which the Company provided an update on its capital restructure,

and are advised that the Company is unfortunately not in a position to pay the dividend obligations due to
them on 9 March 2020.

The Company continues to explore various options relating to the capital restructure of the preference
shares and/or alternative forms of funding and will release a further announcement in this regard as soon
as possible.

For more information about this announcement or the Ecsponent group, email or visit

21 February 2020

Sponsor to Ecsponent
Questco Corporate Advisory (Pty) Ltd

Date: 21-02-2020 05:44:00
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.

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