JSE Sens
ECSPONENT LIMITED - Monthly interest declaration and finalisation announcement
2020/06/30 08:00:00Download PDF Stock report
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 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.