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March 2019 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
Debt Issuer Codes: ECSP and ECSD
(“the Company” or “Ecsponent”)
Class A Preference Shares Series Number JSE Code ISIN
Ecsponent Pref Share A 1 ECSP1 ZAE000196317
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 C 1 ECSP3 ZAE000196291
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
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
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
MARCH 2019 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 April 2019, has been finalised.
Notice is hereby given of the declaration of the following preference dividends in respect of the period commencing on
5 March 2019 and ending on the date dividends start trading ex-dividend, being 10 April 2019:
- 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 14.25% 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 April 2019
Preference shares start trading ex-dividend Wednesday, 10 April 2019
Record Date Friday, 12 April 2019
Payment Date Monday, 15 April 2019
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 amounts payable to Class A and Class C Preference
Shareholders are set out below:
Class A Preference Share Class C Preference Share
Gross local dividend amount (cents per share) 95.89041 136.64384
Net local dividend amount (cents per share) 76.71233 109.31507
Class D, Class E and Class G Preference Shares:
The net distributable 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 119.86301 107.87671 95.89041
Less: Administration fee of 0.25% of the initial
Issue Price (as set out in the relevant
Applicable Pricing Supplements) per annum (2.39726) (2.39726) (2.39726)
inclusive of VAT to be withheld by the
Company
Dividend net of administration fee 117.46575 105.47945 93.49315
Less: 20% withholding tax on gross dividend (23.97260) (21.57534) (19.17808)
Net distributable amount to shareholders 93.49315 83.90411 74.31507
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, Series
2 Class E and Series 2 Class G 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 13 500 Series 2 Class G Preference Shares with a total issued capital of R1 350 000.
3. The issued preference share capital in respect of the Series 3 Class A, Series 3 Class C, Series 3 Class D, Series 3
Class E and Series 3 Class G 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;
3.3 835 900 Series 3 Class D Preference Shares with a total issued capital of R83 590 000;
3.4 459 630 Series 3 Class E Preference Shares with a total issued capital of R45 963 000; and
3.5 3 000 Series 3 Class G Preference Shares with a total issued capital of R300 000.
4. The issued preference share capital in respect of the Series 4 Class A, Series 4 Class C, Series 4 Class D and the
Series 4 Class E 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;
4.2 747 063 Series 4 Class C Preference Shares with a total issued capital of R74 706 300;
4.3 684 261 Series 4 Class D Preference Shares with a total issued capital of R68 426 100; and
4.4 397 280 Series 4 Class E Preference Shares with a total issued capital of R39 728 000.
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;
5.2 1 171 989 Series 5 Class C Preference Shares with a total issued capital of R117 198 900;
5.3 45 000 Series 5 Class D Preference Shares with a total issued capital of R4 500 000; and
5.4 2 500 Series 5 Class E Preference Shares with a total issued capital of R250 000.
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.
For more information about this announcement or the Ecsponent group, email
investor.relations@ecsponent.com or visit www.ecsponentlimited.com/investor-relations
26 March 2019
Pretoria
Sponsor to Ecsponent
Questco Corporate Advisory (Pty) Ltd
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