JSE Sens

ECSPONENT LIMITED - Issue and listing of Notes under the ZAR10,000,000,000 Domestic Medium Term Note Programme

07 December 2018 - 10:24 AM
ECSFX1 ECSFL1 ECSZR1 ECS
Issue and listing of Notes under the ZAR10,000,000,000 Domestic Medium Term Note Programme

ECSPONENT LIMITED
Incorporated in the Republic of South Africa
Registration number: 1998/013215/06
JSE Code: ECS - ISIN: ZAE000179594
(?the Company?)

Notes                          Series number           JSE Code                 ISIN
Fixed Rate Notes               1                       ECSFX1                   ZAE000265393
Floating Rate Notes            1                       ECSFL1                   ZAE000265401
Zero Coupon Notes              1                       ECSZR1                   ZAE000265419

Issue and listing of Notes under the ZAR10,000,000,000 Domestic Medium Term Note Programme

The Company is pleased to announcement that the Notes summarised in the table below will be issued and
listed as detailed in the table.

                                        Fixed Rate Notes              Floating Rate Notes        Zero Coupon Notes
 Type of issue                                 New issue                        New issue                New issue

 Number of Notes                                     100                            1 000                    1 000

 Nominal amount of this                          R10 000                         R100 000                 R100 000
 Tranche
 Issue Price per Preference                         R100                             R100                     R100
 Share
 Issue and Listing date                 10 December 2018                 10 December 2018         10 December 2018

 Interest Commencement                  10 December 2018                 10 December 2018         10 December 2018
 Date
 Interest Rate                     9% per annum, payable         Prime (10.25%) plus 1.5%                      N/A
                               monthly in arrears on the               per annum, payable
                                    third Monday of each        monthly in arrears on the
                                                   month             third Monday of each
                                                                                    month
 Implied yield                                       N/A                              N/A         10.66% per annum
                                                                                                            (NACM)
 
 First interest payment date             21 January 2019                  21 January 2019                      N/A

 Interest periods                 Each period commencing           Each period commencing                      N/A
                                   on (and including) an            on (and including) an
                               Interest Payment Date and        Interest Payment Date and
                               ending on (but excluding)        ending on (but excluding)
                                  the following Interest           the following Interest
                                  Payment Date; provided           Payment Date; provided
                          that the first Interest Period   that the first Interest Period
                                   will commence on (and            will commence on (and
                                   include) the interest            include) the interest
                                   commencement date and            commencement date and
                                 end on (but exclude) 21          end on (but exclude) 21
                                      January 2019 (each               January 2019 (each
                                Interest Payment Date as         Interest Payment Date as
                                  adjusted in accordance           adjusted in accordance
                                     with the applicable              with the applicable
                               Business Day Convention).        Business Day Convention).
 
 Any other items relating to                Actual / 365                     Actual / 365             Actual / 365
 the particular method of
 calculating dividends
 Redemption Record Date                 10 December 2021                 10 December 2021         10 December 2021

 Redemption Payment Date                14 December 2021                 14 December 2021         14 December 2021

 Redemption Amount                                  R100                             R100                  R137.49


The total amount issued under the Note Programme at date hereof is R210 000.

Interest Record and Payment Dates in respect of the Notes
Declaration and finalisation announcements will be released on SENS, in compliance with Schedule 4 Form
A5 of the JSE Listings Requirements.

Other relevant information in respect of the Notes:
The Company shall be entitled to an administration fee in respect of the Notes of 0.25% per annum on the
Initial Issue Price, inclusive of VAT, payable monthly in arrears on the Monthly Interest Payment Dates, in
respect of the Fixed and Floating Rate Notes, and on redemption in respect of the Zero-Coupon Notes.
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 interest on the Notes (plus the applicable VAT thereon)


For and on behalf of ECSPONENT LIMITED
7 December 2018

Sponsor
Questco Corporate Advisory (Pty) Ltd

Date: 07/12/2018 11:24:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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