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Declaration and finalisation announcement relating to the redemption of Series 1, Class A, B and C preference shares
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”)
Preference Shares Series number JSE Code ISIN
Class A 1 ECSP1 ZAE000196317
Class B 1 ECSP2 ZAE000196309
Class C 1 ECSP3 ZAE000196291
Declaration and finalisation announcement in respect of the redemption of Series 1, Class A, B
and C preference shares
In accordance with the Terms and Conditions relating to the Company’s preference shares as set out in the
Programme Memorandum dated 22 September 2017, Ecsponent advises of the automatic redemptions of
the following preference shares under its ZAR5,000,000,000 Preference Share Programme:
Class A, Series 1 Class B, Series 1 Class C, Series 1
Description of preference shares: Fixed-rate, Zero-rate, Variable-rate,
redeemable, redeemable, redeemable,
convertible, convertible, non- convertible,
cumulative non- participating cumulative non-
participating preference shares participating
preference shares of no par value preference shares
of no par value of no par value
Number of preference shares being 61 332 68 680 247 100
redeemed:
Redemption price per preference 100% of Initial 170% of Initial 100% of Initial
share: Issue Price Issue Price Issue Price
R100 R170 R100
Total redemption amount payable: R6 133 200 R11 675 600 R24 710 000
Redemption and accrued 2019 2019 2019
dividend timetable
Last day to trade: Tuesday, 1 October Tuesday, 1 October Tuesday, 1 October
Suspension of listing of preference Wednesday, 2 Wednesday, 2 Wednesday, 2
shares to be redeemed: October October October
Record date (date to be recorded in Friday, 4 October Friday, 4 October Friday, 4 October
the Register in order to receive the
redemption payment and accrued
dividend):
Payment date (via electronic Monday, 7 October Monday, 7 October Monday, 7 October
transfer to CDSP/broker accounts or
via EFT payments):
Preference shares redeemed to be Tuesday, 8 October Tuesday, 8 October Tuesday, 8 October
removed from JSE List:
Following the redemption of these preference shares, the total preference shares in issue will total
R2,007,585,100.
Payment of an accrued dividend:
An accrued dividend for the period 11 September 2019 to the close of business on 4 October 2019 (Day
Count Fraction) will be paid on the Class A and C preference shares being redeemed as follows:
• A dividend at the rate of 10% per annum is payable in respect of the Class A preference shares.
• A dividend at the rate of 14.00% per annum (being the prime rate plus 4%) is payable in respect of
the Class C preference shares.
The gross local accrued dividend amount and the net local accrued dividend amount payable to Class A and
Class C Preference Shareholders are set out below:
Class A preference Class C preference
shares shares
Gross local accrued dividend amount (cents per
65.75342 92.05479
share)
Net local accrued dividend amount (cents per
52.60274 73.64383
share)
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. Ecsponent’s income tax number is 9235/264/84/4.
For more information about this announcement or the Ecsponent group, email
investor.relations@ecsponent.com or visit www.ecsponentlimited.com/investor-relations
13 September 2019
Pretoria
Sponsor to Ecsponent
Questco Corporate Advisory (Pty) Ltd
Date: 13/09/2019 09:20:00
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