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ECSPONENT LIMITED - Issue and listing of Class B, D, E and G Preference Shares

Release Date: 09/10/2018 14:53
Code(s): ECS ECSB11 ECSE3 ECSD3 ECSG2     PDF:  
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Issue and listing of Class B, D, E and G Preference Shares

ECSPONENT LIMITED
Incorporated in the Republic of South Africa
Registration number: 1998/013215/06
JSE Code: ECS - ISIN: ZAE000179594

Ecsponent Pref. Share B11                                       Ecsponent Pref Share D3
Short Name: ECSP B11                                            Short Name: ECSPD3
JSE Code: ECSB11                                                JSE Code: ECSD3
Tranche 1, Series 11                                            Tranche 1, Series 3
ISIN: ZAE000258844                                              ISIN: ZAE000258851

Ecsponent Pref Share E3                                         Ecsponent Pref Share G2
Short Name: ECSPE3                                              Short Name: ECSPG2
JSE Code: ECSE3                                                 JSE Code: ECSG2
Tranche 1, Series 3                                             Tranche 1, Series 2
ISIN: ZAE000258869                                              ISIN: ZAE000258877

Issue and listing of Class B, D, E and G Preference Shares under ZAR5,000,000,000 Preference Share
Programme

The Company is pleased to announce that the preference shares summarised in the table below will be issued
and listed as detailed in the table.

Following the issuance, the total preference shares in issue are as follows:

•      Class A Preference Shares: An aggregate nominal amount of R75 803 999.12 (comprising R5 420 099.12 issued in
       terms of Series 1; R23 486 000.00 issued in terms of Series 2, R4 766 000.00 issued in terms of Series 3,
       R9 365 900.00 issued in terms of Series 4 and R32 766 000.00 issued in terms of Series 5).
•      Class B Preference Shares: An aggregate nominal amount of R410 558 000.00 (comprising R6 868 000.00 issued in
       terms of Series 1; R46 166 000.00 issued in terms of Series 2, R36 949 200.00 issued in terms of Series 3, R11 455
       700.00 issued in terms of Series 4, R24 341 600.00 issued in terms of Series 5, R37 566 700.00 issued in terms of
       Series 6, R48 153 600.00 issued in terms of Series 7, R44 007 800.00 issued in terms of Series 8, R52 118 000.00 in
       terms of Series 9, R50 248 800.00 in terms of Series 10 and R52 682 600.00 in terms of Series 11).
•      Class C Preference Shares: An aggregate nominal amount of R734 451 400.00 (comprising R24 710 000.00 issued
       in terms of Series 1; R117 517 000.00 issued in terms of Series 2, R118 001 600.00 issued in terms of Series 3,
       R74 706 300.00 issued in terms of Series 4, R117 198 900.00 issued in terms of Series 5, R134 581 900.00 issued in
       terms of Series 6, R102 115 700.00 issued in terms of Series 7 and R45 620 000.00 issued in terms of Series 8).
•      Class D Preference Shares: An aggregate nominal amount of R174 982 500.00 (comprising R42 540 000.00 issued
       in terms of Series 1, R67 702 500.00 issued in terms of Series 2 and R64 740 000.00 issued in terms of Series).
•      Class E Preference Shares: An aggregate nominal amount of R116 851 000.00 (comprising R48 683 000.00 issued
       in terms of Series 1, R32 009 000.00 issued in terms of Series 2 and R36 159 000.00 issued in terms of Series).
•      Class G Preference Shares: An aggregate nominal amount of R3 581 000.00 (comprising R2 831 000.00 issued in
       terms of Series 1 and R750 000 issued in terms of Series 2).

                                                 Ecsponent Pref.                 Ecsponent Pref.                 Ecsponent Pref.                 Ecsponent Pref
                                                     Share B 11                       Share D3                         Share E3                       Share G2
Type of issue                                         Tap issue                       Tap issue                       Tap issue                       Tap issue

Number of Preference Shares                             138 165                         134 000                         129 890                           2 000

Nominal amount of this Tranche                      R13 816 500                     R13 400 000                     R12 989 000                        R200 000

Issue Price per Preference Share                           R100                            R100                            R100                            R100
Issue and Listing date                           9 October 2018                  9 October 2018                  9 October 2018                  9 October 2018

Dividend Commencement Date(s)                               N/A               11 September 2018                11 September 2018               11 September 2018

Dividend Rate                                               N/A         12.5% per annum, payable       11.25% per annum, payable         10% percent, per annum,
                                                                              monthly in arrears              monthly in arrears      payable monthly in arrears


Implied yield                      10.66 percent per annum (nacm)                            N/A                             N/A                             N/A

First dividend payment date                                  N/A                 15 October 2018                 15 October 2018                 15 October 2018

Dividend periods                                             N/A                         Monthly                         Monthly                         Monthly

Any other items relating to the                              N/A                    Actual / 365                    Actual / 365                    Actual / 365
particular method of calculating
dividends
Redemption Record Date                               9 June 2023                     9 June 2023                     9 June 2023                     7 July 2023

Redemption Amount                                           R170                            R100                            R100                            R100

Redemption Payment Date                             12 June 2023                    12 June 2023                    12 June 2023                    10 July 2023


The total authorised amount of R5,000,000,000 under the Programme Memorandum has not been exceeded

Dividend Record and Payment Dates in respect of Preference Shares D4, E4 and G3:
Declaration and finalisation announcements will be released on SENS, in compliance with Schedule 2 Form H1 of the JSE Listings Requirements.

Other relevant information in respect of Preference Shares D4, E4 and G3:
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.
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)

For and on behalf of ECSPONENT LIMITED
9 October 2018

Sponsor
Questco Corporate Advisory (Pty) Ltd

Date: 09/10/2018 02:53:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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