JSE Sens

ECSPONENT LIMITED - Notification of holdings by a director

2020/04/08 08:50:46

Stock report 

                    
Notification of holdings by a director: 
Notification of holdings by a director

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”)

NOTIFICATION OF HOLDINGS BY A DIRECTOR

Shareholders are advised that the Board had agreed to the payment of a take-on incentive to Mr. TJ de Kock
amounting to R536,580 as a part of the Company’s offer to him to accept the role of Executive Financial
Director (“Employment Offer”), to be settled through the issue of 6,000,0000 shares at a price of
R0.08943 per share (“Shares”), subject to his employment becoming effective on 31 March 2020.

The issue price of the Shares represents the 30-day volume weighted average share price of Ecsponent
shares on the JSE on 21 January 2020, being the date on which the Employment Offer was accepted by Mr.
TJ de Kock.

Shareholders are accordingly advised that the Shares will be issued to Mr. de Kock under the Company’s
general authority to issue shares for cash granted at the annual general meeting held on 18 December 2019.

For more information about this announcement or the Ecsponent group, email
investor.relations@ecsponent.com or visit www.ecsponentlimited.com/investor-relations

8 April 2020
Pretoria

Sponsor to Ecsponent
Questco Corporate Advisory (Pty) Ltd

Date: 08-04-2020 08:50:00
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.