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

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 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

DEFAULT IN RESPECT OF THE PAYMENT OF THE FEBRUARY 2020 MONTHLY PREFERENCE SHARE DIVIDENDS

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
investor.relations@ecsponent.com or visit www.ecsponentlimited.com/investor-relations

21 February 2020
Pretoria

Sponsor to Ecsponent
Questco Corporate Advisory (Pty) Ltd

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