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Ecsponent Appoints Shareholder Representative to the Board

PRESS RELEASE 05 June 2020 ECSPONENT APPOINTMENTS SHAREHOLDER REPRESENTATIVE TO THE BOARD; KEY BOARD DIRECTORS TO ASSUME MANAGEMENT ROLES AND DEVELOP UNDERLYING PORTFOLIO 5 June 2020, Pretoria. Over the past number of weeks, Ecsponent Limited’s new management team has engaged extensively with all classes of shareholders. During these interactions, the need for shareholder representation on…

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Ecsponent Limited Successfully Restructures Balance Sheet

Press release 27 May 2020 ECSPONENT LIMITED SUCCESSFULLY RESTRUCTURES BALANCE SHEET – R1.8bn debt converted to ordinary equity, greatly improving solvency and liquidity – R0.5bn debt converted to hybrid preference shares which will also qualify as equity under IFRS – Following extensive engagement and consultation with preference shareholders: – Company to be renamed and rebranded…

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Update on preference shares position and R200 million debt to equity conversion

PRESS RELEASE ECSPONENT ANNOUNCES INDICATIVE AMENDMENTS TO PREFERENCE SHARE TERMS TO AVOID COMPULSORY CONVERSION TO ORDINARY SHARES R200 MILLION RECAPITALISATION NEGOTIATIONS UNDERWAY TO REDUCE BALANCE SHEET DEBT BY 30% 03 March 2020. Pretoria. JSE-listed Africa financial services group Ecsponent Limited (“Ecsponent” or “the Company” or “the Group”) announced further details on its undertaking to explore…

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Hoeveel is jy werklik werd?

Sukses word gewoonlik gemeet aan jou netto batewaarde en of jy die afgelope jare geldelik ryker of armer geword het. Is jy meer werd as verlede jaar? Het jou netto batewaarde, oftewel die verskil tussen jou bates en laste, meer as inflasie gestyg en jou op dié manier meer welvarend gemaak? Om jou netto batewaarde…

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What are you really worth?

Your success is usually measured by your net asset value and whether you have become richer or poorer in recent years. Are you worth more than last year? Has your net asset value, or the difference between your assets and liabilities, increased by a rate more than inflation through the year and have you, therefore,…

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Hindsight is 2020

Can we agree that 2019 was not an easy year for anyone? As we head into the new year, with the possibility of continued load-shedding looming over our work and home lives, it is wise to remember that effective planning for electricity outages is like planning for retirement: we have to accept that difficult times…

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