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ECSPONENT LIMITED - Distribution of a circular and notices of general meetings

Release Date: 28/04/2020 13:03
 
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Distribution of a circular and notices of general meetings

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 B Preference Shares          Series Number   JSE Code   ISIN
Ecsponent Pref Share B2            2               ECSP5      ZAE000202503
Ecsponent Pref Share B3            3               ECSP8      ZAE000210498
Ecsponent Pref Share B4            4               ECSP11     ZAE000214441
Ecsponent Pref Share B5            5               ECSP14     ZAE000221362
Ecsponent Pref Share B6            6               ECSP17     ZAE000229878
Ecsponent Pref Share B7            7               ECSP20     ZAE000241717
Ecsponent Pref Share B8            8               ECSP23     ZAE000246112
Ecsponent Pref Share B9            9               ECSB9      ZAE000250049
Ecsponent Pref Share B10           10              ECSB10     ZAE000255675
Ecsponent Pref Share B11           11              ECSB11     ZAE000258844
Ecsponent Pref Share B12           12              ECSB12     ZAE000263257
Ecsponent Pref Share B13           13              ECSB13     ZAE000268371
Ecsponent Pref Share B14           14              ECSB14     ZAE000273157
Ecsponent Pref Share B15           15              ECSB15     ZAE000280939
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

DISTRIBUTION OF A CIRCULAR AND NOTICES OF GENERAL MEETINGS

DISTRIBUTION OF A CIRCULAR
Further to the announcement released on SENS on 2 March 2020, the board of directors of the Company
(“Board”) advises ordinary and preference shareholders (collectively “Security Holders”) that a circular
(“Circular”) will be distributed to the Company’s Security Holders, today, which sets out details relating to
the proposed amendments to the Memorandum of Incorporation (“MOI Amendments”).
The MOI Amendments, if approved, will result in an amendment to the terms of the Company’s various
classes of preference shares such that the preference shares will:
    •   become redeemable, partially or in full, solely at the discretion of the Board, having regard to the
        funds available to the Company, which will specifically be assessed by the Board on the occurrence
        of certain events;
    •   attract a zero coupon, with dividends to be paid solely at the discretion of the Board, and which
        dividends (if so declared) will not exceed 20% of any dividends declared by the Board to all Security
        Holders in relation to any particular financial year; and
    •   rank pari passu with all other classes of Preference Shares, but in priority to Ordinary Shares.

The Circular is available on the Company’s website: https://www.ecsponentlimited.com/wp-
content/uploads/2020/04/April-2020-MOI-Amendment.pdf

NOTICES OF GENERAL MEETINGS

Notice is hereby given that:
•     a general meeting of ordinary shareholders will be held at 10:00; and
•     general meetings of the preference shareholders will be held from 10:15 onwards (or commencing
      after the conclusion of the immediately preceding preference shareholders meeting),
at the Company’s registered office, 1st Floor, The Wedge, 43 Garsfontein Road, Waterkloof 0145 Pretoria,
on Wednesday, 27 May 2020 (“General Meetings”). In the event that the Company elects to use electronic
communication for the General Meetings, in accordance clause 21 of the Company’s Memorandum of
Incorporation, the details of such electronic communication will be released on SENS at least 48 hours prior
to the General Meetings.

The salient dates and times relating to the General Meetings are set out below:

                                                                                                    2020

 Last day to trade in order to be eligible to vote in respect of                        Friday, 17 April
 the General Meetings

 General Meetings record date in order to vote                                             Friday 15 May

 General Meeting of Ordinary Shareholders to be held at                                Wednesday, 27 May
 10:00 on

 General Meetings of Preference Shareholders to be held from                           Wednesday, 27 May
 10:15 onwards on

 Results of General Meetings released on SENS on                                       Wednesday, 27 May

For more information about this announcement or the Ecsponent group, email
investor.relations@ecsponent.com or visit www.ecsponentlimited.com/investor-relations

28 April 2020
Pretoria

Sponsor to Ecsponent
Questco Corporate Advisory (Pty) Ltd

Date: 28-04-2020 01:03:00
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