| Wed 2 Mar 2016, 17:40 | | ECSPONENT LIMITED - Issue and listing of Class A Class B and Class C Preference Shares |
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ECSP8 ECSP9 ECSP7 ECSP11 201603020073A
Issue and listing of Class A, Class B and Class C Preference Shares
ECSPONENT LIMITED
(Incorporated in the Republic of South Africa with limited liability under registration number 1998/013215/06)
(“the Company”)
Ecsponent Pref Share A3 Ecsponent Pref Share B4
Short Name: ECSP A3 Short Name: ECSP B4
ECSP7 ECSP11
Tranche 2, Series 3 Tranche 1, Series 4
ISIN: ZAE000210480 ISIN: ZAE000214441
Ecsponent Pref Share B3 Ecsponent Pref Share C3
Short Name: ECSP B3 Short Name: ECSP C3
ECSP8 ECSP9
Tranche 3, Series 3 Tranche 2, Series 3
ISIN: ZAE000210498 ISIN: ZAE000210506
Issue and listing of Class A, Class B and Class C Preference shares under its ZAR5,000,000,000
Preference Share Programme
The Company is pleased to announce that the preference shares below will be issued and listed on 3 March 2016, or as
soon as possible thereafter:
Ecsponent Pref Ecsponent Pref Ecsponent Pref Ecsponent Pref
Share A3 Share B3 Share B4 Share C3
Number of 11 658 96 695 100 235 700
Preference Shares
Nominal amount of R1,100,000.00 R9,699,500.00 R10 000.00 R23,570,000.00
this Tranche
Aggregate nominal R2,713,000.00 R22,887,500.00 R10 000.00 R39,137,000.00
amount of this Series
of Preference Shares
in issue after
issuance
Issue Price per R94.36 R100.00 R100.00 R100.00
Preference Share (average)
Dividend 5 February 2016 N/A N/A 5 February 2016
Commencement
Date(s)
Dividend Record and Declaration and N/A N/A Declaration and
Payment Dates finalisation finalisation
announcements to be announcements to be
released on SENS, released on SENS,
in compliance with in compliance with
Schedule 18 of the Schedule 18 of the
JSE Listings JSE Listings
Requirements Requirements
Dividend Rate 10% percent, per N/A N/A Prime Rate plus 4%
annum, payable per cent, per annum,
monthly in arrears payable monthly in
arrears, not
compound
Implied yield N/A 10.66 percent per 10.66 percent per N/A
annum (nacm) annum (nacm)
First Dividend 14 March 2016 N/A N/A 14 March 2016
payment date
Dividend periods Monthly N/A N/A Monthly
Any other items Actual / 365 N/A N/A Actual / 365
relating to the
particular method of
calculating dividends
Redemption Record 4 December 2020 4 December 2020 5 March 2021 4 December 2020
Date
Redemption Amount R100 R170 R170 R100
Redemption Payment 7 December 2020 7 December 2020 8 March 2021 7 December 2020
Date
Following the above issuance, the total preference shares in issue are as follows:
- Class A Preference Shares: An aggregate nominal amount of R31,619,099.12 (comprising
R5 420 099.12 issued in terms of Series 1; R23,486,000.00 issued in terms of Series 2, and
R2,713,000.00 issued in terms of Series 3).
- Class B Preference Shares: An aggregate nominal amount of R75,921,500.00 (comprising
R6,868,000.00 issued in terms of Series 1; R46,156,000.00 issued in terms of Series 2, R22,887,500.00
issued in terms of Series 3) and R10 000 issued in terms of Series 4.
- Class C Preference Shares: An aggregate nominal amount of R181,364,000.00 (comprising
R24,710,000.00 issued in terms of Series 1; R117,517,000.00 issued in terms of Series 2 and
R39,137,000.00 issued in terms of Series 3).
The total authorised amount of R5,000,000,000 under the Programme Memorandum has not been exceeded.
3 March 2016
For and on behalf of ECSPONENT LIMITED
Sponsor and corporate advisor
Questco (Pty) Ltd
Date: 02/03/2016 05:40:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
