Wrap Text
September 2018 monthly preference share dividend declaration and finalisation announcement
ECSPONENT LIMITED
Incorporated in the Republic of South Africa
Registration number: 1998/013215/06
JSE Code: ECS - ISIN: ZAE000179594
Ecsponent Pref Share A Ecsponent Pref Share A2 Ecsponent Pref Share A3
JSE Code: ECSP1 JSE Code: ECSP4 JSE Code: ECSP7
ISIN: ZAE000196317 ISIN: ZAE000202495 ISIN: ZAE000210480
(“Series 1 Class A Preference Shares”) (“Series 2 Class A Preference Shares”) (“Series 3 Class A Preference Shares”)
Ecsponent Pref Share A4 Ecsponent Pref Share A5
JSE Code: ECSP10 JSE Code: ECSP13
ISIN: ZAE000217196 ISIN: ZAE000244844
(“Series 4 Class A Preference Shares”) (“Series 5 Class A Preference Shares”)
(collectively “Class A Preference Shares”)
Ecsponent Pref Share C Ecsponent Pref Share C2 Ecsponent Pref Share C3
JSE Code: ECSP3 JSE Code: ECSP6 JSE Code: ECSP9
ISIN: ZAE000196291 ISIN: ZAE000202511 ISIN: ZAE000210506
(“Series 1 Class C Preference Shares”) (“Series 2 Class C Preference Shares”) (“Series 3 Class C Preference Shares”)
Ecsponent Pref Share C4 Ecsponent Pref Share C5 Ecsponent Pref Share C6
JSE Code: ECSP12 JSE Code: ECSP15 JSE Code: ECSP18
ISIN; ZAE000218525 ISIN; ZAE000222501 ISIN; ZAE000231205
(“Series 4 Class C Preference Shares”) (“Series 5 Class C Preference Shares”) (“Series 6 Class C Preference Shares”)
Ecsponent Pref Share C7 Ecsponent Pref Share C8
JSE Code: ECSP21 JSE Code: ECSP24
ISIN: ZAE000241725 ISIN: ZAE000246757
(“Series 7 Class C Preference Shares”) (“Series 8 Class C Preference Shares”)
(collectively “Class C Preference Shares”)
Ecsponent Pref Share D1 Ecsponent Pref Share D2 Ecsponent Pref Share D3
JSE Code: ECSD1 JSE Code: ECSD2 JSE Code: ECSD3
ISIN: ZAE000250148 ISIN: ZAE000254389 ISIN: ZAE000258851
(“Series 1 Class D Preference Shares”) (“Series 2 Class D Preference Shares”) (“Series 3 Class D Preference Shares”)
(collectively “Class D Preference Shares”)
Ecsponent Pref Share E1 Ecsponent Pref Share E2 Ecsponent Pref Share E3
JSE Code: ECSE1 JSE Code: ECSE2 JSE Code: ECSE3
ISIN: ZAE000250155 ISIN: ZAE000254397 ISIN: ZAE000258869
(“Series 1 Class E Preference Shares”) (“Series 2 Class E Preference Shares”) (“Series 3 Class E Preference Shares”)
(collectively “Class E Preference Shares”)
Ecsponent Pref Share G1 Ecsponent Pref Share G2
JSE Code: ECSG1 JSE Code: ECSG2
ISIN: ZAE000250163 ISIN: ZAE000258877
(“Series 1 Class G Preference Shares”) (“Series 2 Class G Preference Shares”)
(collectively “Class G Preference Shares”)
SEPTEMBER 2018 MONTHLY PREFERENCE SHARE DIVIDEND DECLARATION AND FINALISATION ANNOUNCEMENT
Holders of Class A, Class C, Class D, Class E and Class G Preference Shares are hereby advised that the dividend per share
amount, to be paid on 15 October 2018, has been finalised.
Notice is hereby given of the declaration of the following preference dividends in respect of the period commencing on 11 September
2018 and ending on the date dividends start trading ex-dividend, being 10 October 2018:
- in respect of the Class A Preference Shares, a dividend at the rate of 10% per annum;
- in respect of the Class C Preference Shares, a dividend at the rate of 14.00% per annum (being the prime rate plus 4%);
- in respect of the Class D Preference Shares, a dividend at the rate of 12.5% per annum;
- in respect of the Class E Preference Shares, a dividend at the rate of 11.25% per annum; and
- in respect of the Class G Preference Shares, a dividend at the rate of 10% per annum.
the per share amounts of which have been disclosed below.
Relevant dates in relation to this dividend payment are set out below:
Last day to trade to appear in the register on Record Date Tuesday, 9 October 2018
Preference shares start trading ex-dividend Wednesday, 10 October 2018
Record Date Friday, 12 October 2018
Payment Date Monday, 15 October 2018
In accordance with the requirements of Strate, no share certificates may be dematerialised or rematerialised, between the date that
the Preference Shares start trading ex-dividend, and the Record Date.
In terms of the Listings Requirements of the JSE, the following additional information is provided:
1. The dividends have been declared from income reserves;
2. The dividend withholding tax rate is 20%;
3. The Company shall be entitled to an administration fee in respect of the Class D, Class E and Class G Preference Shares,
of 0.25% per annum on the Initial Issue Price, inclusive of VAT, payable monthly in arrears on the Monthly Dividend Payment
Dates.
4. 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 Preference Share dividend (plus the applicable VAT thereon).
5. Ecsponent’s income tax number is 9235/264/84/4.
Class A and Class C Preference Shares:
The gross local dividend amounts and the net local dividend amount payable to Class A and Class C Preference Shareholders are
set out below:
Class A Preference Class C Preference
Share Share
Gross local dividend amount (cents per share) 76.71233 107.39726
Net local dividend amount (cents per share) 61.36986 85.91781
Class D, Class E and Class G Preference Shares:
The net distribution amounts are set out below:
Cents per share Class D Class E Class G
Preference Share Preference Share Preference Share
Distributable amount to shareholders,
calculated as follows:
Gross local dividend declared 95.89041 86.30137 76.71233
Less: Administration fee of 0.25% of
the initial Issue Price (as set out in the
relevant Applicable Pricing (1.91781) (1.91781) (1.91781)
Supplements) per annum inclusive of
VAT to be withheld by the Company
Dividend net of administration fee 93.97260 84.38356 74.79452
Less: 20% withholding tax on gross
(19.17808) (17.26027) (15.34247)
dividend
Net distributable amount to
74.79452 67.12329 59.45205
shareholders
Preference Shares in issue:
1. The issued preference share capital in respect of the Series 1 Class A, Series 1 Class C, Series 1 Class D, Series 1 Class E
and Series 1 Class G Preference Shares is as follows as at the date of this announcement:
1.1 61 332 Series 1 Class A Preference Shares with a total issued capital of R5 420 099.12;
1.2 247 100 Series 1 Class C Preference Shares with a total issued capital of R24 710 000;
1.3 425 400 Series 1 Class D Preference Shares with a total issued capital of R42 540 000;
1.4 486 830 Series 1 Class E Preference Shares with a total issued capital of R48 683 000; and
1.5 28 310 Series 1 Class G Preference Shares with a total issued capital of R2 831 000.
2. The issued preference share capital in respect of the Series 2 Class A, Series 2 Class C, Series 2 Class D and Series 2
Class E Preference Shares is as follows as at the date of this announcement:
2.1 246 946 Series 2 Class A Preference Shares with a total issued capital of R23 486 000;
2.2 1 175 170 Series 2 Class C Preference Shares with a total issued capital of R117 517 000;
2.3 677 025 Series 2 Class D Preference Shares with a total issued capital of R67 702 500;
2.4 320 090 Series 2 Class E Preference Shares with a total issued capital of R32 009 000; and
2.5 5 500 Series 2 Class G Preference Shares with a total issued capital of R550 000.
3. The issued preference share capital in respect of the Series 3 Class A, Series 3 Class C, Series 3 Class D and Series 3 Class
E Preference Shares is as follows as at the date of this announcement:
3.1 50 347 Series 3 Class A Preference Shares with a total issued capital of R4 766 000;
3.2 1 180 016 Series 3 Class C Preference Shares with a total issued capital of R118 001 600
3.3 513 400 Series 3 Class D Preference Shares with a total issued capital of R51 340 000; and
3.4 231 700 Series 3 Class E Preference Shares with a total issued capital of R23 170 000.
4. The issued preference share capital in respect of the Series 4 Class A and the Series 4 Class C Preference Shares is as
follows as at the date of this announcement:
4.1 96 784 Series 4 Class A Preference Shares with a total issued capital of R9 365 900; and
4.2 747 063 Series 4 Class C Preference Shares with a total issued capital of R74 706 300.
5. The issued preference share capital in respect of the Series 5 Class A and the Series 5 Class C Preference Shares is as
follows as at the date of this announcement:
5.1 327 660 Series 5 Class A Preference Shares with a total issued capital of R32 766 000; and
5.2 1 171 989 Series 5 Class C Preference Shares with a total issued capital of R117 198 900.
6. The issued preference share capital in respect of the Series 6 Class C Preference Shares is as follows as at the date of this
announcement:
6.1 1 345 819 Series 6 Class C Preference Shares with a total issued capital of R134 581 900.
7. The issued preference share capital in respect of the Series 7 Class C Preference Shares is as follows as at the date of this
announcement:
7.1 1 021 157 Series 7 Class C Preference Shares with a total issued capital of R102 115 700.
8. The issued preference share capital in respect of the Series 8 Class C Preference Shares is as follows as at the date of this
announcement:
8.1 456 200 Series 8 Class C Preference Shares with a total issued capital of R45 620 000.
The Company may issue additional Preference Shares prior to the last day to trade date.
Pretoria
25 September 2018
Sponsor
Questco Corporate Advisory (Pty) Ltd
Date: 25/09/2018 09:10:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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