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ECSPONENT LIMITED - Monthly interest declaration and finalisation announcement

Release Date: 30/06/2020 08:00
Code(s): ECS ECSFX1 ECSFL1 ECSFX2 ECSFX3 ECSFX4 ECSFX5 ECSFX6 ECSFL2     PDF:  
 
Wrap Text
Monthly interest 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 Code: ECSD
(“the Company” or “Ecsponent”)

    Notes                           Series number          JSE Code          ISIN
    Fixed Rate Notes                1                      ECSFX1            ZAE000265393
                                    2                      ECSFX2            ZAE000266813
                                    3                      ECSFX3            ZAE000266821
                                    4                      ECSFX4            ZAE000275566
                                    5                      ECSFX5            ZAE000275574
                                    6                      ECSFX6            ZAE000275582
    Floating Rate Notes             1                      ECSFL1            ZAE000265401
                                    2                      ECSFL2            ZAE000275616

Monthly interest declaration and finalisation announcement

Holders of Notes issued by Ecsponent in terms of its ZAR10,000,000,000 Domestic Medium Term Note
Programme are hereby advised that the interest per Note amount, to be paid on Monday, 20 July 2020, has
been finalised.

Notice is given of the declaration of the following interest in respect of the period commencing on Monday,
15 June 2020 and ending on the date that the Notes start trading ex-interest, being Wednesday, 15 July
2020 in respect of:

•     Series   1   Fixed Rate Notes, an interest rate of   9%;
•     Series   2   Fixed Rate Notes, an interest rate of   10%;
•     Series   3   Fixed Rate Notes, an interest rate of   12%;
•     Series   4   Fixed Rate Notes, an interest rate of   9%;
•     Series   5   Fixed Rate Notes, an interest rate of   10%;
•     Series   6   Fixed Rate Notes, an interest rate of   12%;
•     Series   1   Floating Rate Notes, an interest rate   of 8.75% (being the prime rate plus 1.5%); and
•     Series   2   Floating Rate Notes, an interest rate   of 8.75% (being the prime rate plus 1.5%).

Relevant dates in relation to this interest payment are set out below:

     Last day to trade to appear in the register on Record Date                           Tuesday,    14   July   2020
     Notes start trading ex-interest                                                    Wednesday,    15   July   2020
     Record Date                                                                            Friday,   17   July   2020
     Payment Date                                                                         Monday,     20   July   2020


In terms of the Debt Listings Requirements of the JSE, the following additional information is provided:
1.    The interest is paid from income reserves.
2.    The Company shall be entitled to an administration fee of 0.25% per annum on the Initial Issue Price,
      inclusive of VAT, payable monthly in arrears on the Monthly Interest Payment Dates.
3.    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 Note interest (plus the applicable VAT
      thereon).
4.    Ecsponent’s income tax number is 9235/264/84/4.
5.    At the date hereof, Ecsponent has issued the following Notes:
      •   Fixed Rate Notes: An aggregate nominal amount of R93 370 100 (comprising R1 250 000 issued
          in terms of Series 1; R16 913 000 issued in terms of Series 2; R32 150 000 issued in terms of
          Series 3; R330 000 issued in terms of Series 4; R13 013 300 issued in terms of Series 5 and
          R29 713 800 issued in terms of Series 6);
      •   Floating Rate Notes: An aggregate nominal amount of R38 838 600 (comprising R15 667 000 in
          terms of Series 1 and R23 171 600 in terms of Series 2); and
      •   Zero Coupon Notes: An aggregate nominal amount of R30 581 500 (comprising R10 148 000 in
          terms of Series 1 and R20 433 500 in terms of Series 2).

Fixed Rate Notes:

                                    Series 1    Series 2    Series 3     Series 4     Series 5     Series 6
 Interest per Note (cents per       71.50685    79.45205    95.34247     71.50685     79.45205     95.34247
 Note)
 Gross distributable amount to
 Noteholders
 Less: Administration fee of        (1.98630)   (1.98630)   (1.98630)   (1.98630)    (1.98630)    (1.98630)
 0.25% of the initial Issue Price
 (as set out in the relevant
 Applicable               Pricing
 Supplements)      per    annum
 inclusive of VAT to be withheld
 by the Company
 Net distribution amount to         69.52055    77.46575    93.35617     69.52055     77.46575     93.35617
 Noteholders


Floating Rate Notes:

                                                                                    Series 1     Series 2
 Interest per Note (cents per Note)                                                 69.52055     69.52055
 Gross distributable amount to Noteholders
 Less: Administration fee of 0.25% of the initial Issue Price (as set out in the    (1.98630)    (1.98630)
 relevant Applicable Pricing Supplements) per annum inclusive of VAT to be
 withheld by the Company
 Net distribution amount to Noteholders                                             67.53425     67.53425


The Company may issue additional Series 1, 2, 3, 4, 5 and/or 6 Fixed Rate and/or Series 1 and/or 2 Floating
Rate Notes 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

30 June 2020
Pretoria


Sponsor to Ecsponent
Questco Corporate Advisory (Pty) Ltd

Date: 30-06-2020 08:00:00
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