Nedbank

900 | +0.2

Royal Swazi Sugar (RSSC)

1355 | -0.07

Swd Empowerment (SEL)

2500 | +12

Swaprop

545 | -0.12

Swazispa Holdings

600 | -0.12

LISTING FEES

SECTION 17 (Listings Requirements)

Listing and other Fees

Scope of section

This section sets out the listing and other fees that are to be charged to listed companies or applicants.

The main headings are:

17-1. Original listing fees................................................................................................................................................17-2

17-7 Annual sustaining listing and revision fees.................................................................................................17-3

17-9 Documentation fees...............................................................................................................................................17-3

17  Unless otherwise determined by the Committee, the following scale of fees are payable in respect of each security included in the official lists:

ORIGINAL LISTING FEES

17.1 Where the Committee has granted an application made by an issuer for securities to be included in the Main Board (MB) or Alternate Board (AB), the issuer shall pay:

(a) In the case of an issuer other than an issuer referred to in paragraphs (b) and (c) below, for each class of security concerned, in respect of number of securities listed multiplied by the issue price per security, an amount of 0.05% under the Main Board and 0.01% under the Alternate Board: Provided that the total amount payable shall not be less than E10,000 for the Main Board; E500 for the Alternate Board and shall not exceed E100,000 for the Main Board; E10,000 for the Alternate Board.

(b) In the case of an issuer whose securities are quoted on a recognised external stock exchange (dual listing), an original listing fee of E7,500.

(c) In the case of loan stocks and corporate bonds, including government and government guaranteed debt, a listing fee of 0.03% under the Main Board and 0.01% under the Alternate Board.

Provided that the total amount payable shall not be less than E5,000 for the Main Board; E500 for the Alternate Board and shall not exceed E15,000 for the Main Board; E 5,000 for the Alternate Board.

(d) Fees payable under (a), or (c) are to be calculated to the nearest Lilangeni.

17.2 The monetary value of securities shall be determined as follows:

(a) number of securities listed multiplied by the issue price per security;

(b) in respect of vendor considerations, the number of securities listed multiplied by the higher of the issue price or the middle market price on the date of signature of the agreement; and

(c) in respect of introductions where no price is attributable to the securities, they shall be deemed to have a value calculated by multiplying the number of securities listed by the closing price on the first day of trading.

17.3 The aforementioned fees are payable at the time of application except in the case of an introduction when they are due on the day following the listing.

17.4 In respect of share incentive and share option schemes employed by companies, the Committee shall grant a block listing for securities issued in terms of those schemes. The appropriate fee shall be calculated in accordance with the guidelines detailed in paragraph 17.1 above and shall be payable at the time of the application for the block listing.

Subsequent issues of securities in terms of the scheme shall be subtracted from the initial block until such time as that block is exhausted, at which time an application, together with the appropriate fee, shall become necessary.

17.5

17.6 Notwithstanding the above, no fee shall be payable in respect of the listing of a new security by a listed company that is a direct replacement for a security of that company already listed in respect of which a fee has been paid in terms of paragraph 17.1.

ANNUAL SUSTAINING FEES

17.7 In the case of each class of security listed, an annual listing fee shall be payable on or before 15 March of each year except during the calendar year in which the listings is granted and shall be calculated as follows:

(a) In the case of each class of securities, other than securities referred to in paragraph (b) below, an amount equal to 0.025% of the market value of the securities under the Main Board and 0.01% under the Alternate Board:

Provided that the total amount payable shall not be less than E10,000 for the Main Board; E500 for the Alternate Board and shall not exceed E100,000 for the Main Board; E10,000 for the Alternate Board.

(b) In the case of loan stocks and corporate bonds, including government and government guaranteed debt, an annual listing fees shall be calculated as specified under 17.1(c)and(d).

17.8 Securities may be removed from the Lists unless fees due and unpaid are paid within one month after written notice of demand has been given under authority of the Committee.

DOCUMENTATION FEES

17.9 The following prescribed minimum fee structure (excluding applicable taxes) shall be charged for application documentation under both the Main and Alternate Boards with the provision that should the time spent or the complexity of a document be such that it requires greater than normal attention, an additional charge maybe imposed by the Committee.

PRESCRIBED INSPECTION FEES:ARTICLES OF ASSOCIATION
Per new company listed 750
Per subsidiary of a listed company 500
Re-examination fee per company 500
Minor amendments 100
DEBENTURE TRUST DEED
Per trust deed 1000
Re-examination fee per deed 500
Minor amendments 100
SHARE INCENTIVE/OPTION SCHEME
Salient features circular 1,000
Re-examination fee per deed 500
Minor amendments 100
MAIN BOARD LISTING  
Includes pre-listing statement and Part II documentation. Excludes articles of association, debenture trust deeds and share incentive/option schemes. 12,500
ALTERNATE BOARD LISTING
Includes pre-listing statements and Part II documentation; excludes articles of association, debenture trust deeds and share incentive/option schemes 5,000
DUAL LISTING 7,500
Loan stock listing application (includes government and government guaranteed bonds) 1,000
Corporate bond listing application 1,000
OFFERING CIRCULAR
Includes bonds, debentures and loan stock s government and government guaranteed bonds. 1,000
PRICING SUPPLEMENT
Includes bonds, debentures and loan stocks government and government guaranteed bonds. 1,000
RIGHTS OFFERS & CLAW BACK OFFERS
Includes circular and pre- listing statement; excludes re-examination of articles of association, debenture trust deeds, share incentive/option schemes 5,000
COMPANY RECONSTRUCTION
Includes circular and pre - listing statement; excludes re- examination of articles of association, debenture trust deeds, share incentive/option schemes 10,000
RIGHTS OFFERS & CLAW-BACK OFFERS
Circular 2,500
CAPITAL RESTRUCTURE
Circular 1,500
ISSUE FOR CASH
Circular 1,000
ODD LOT OFFER
Circular 1,500
TRANSFER OF SECTOR 1,000
CONSOLIDATION/SUB-DIVISION
Circular 1,500
CHANGE OF NAME
Circular 1,000
CAPITALISATION ISSUES (INCLUDING SCRIP DIVIDENDS)
Circular (ordinary) 1,000

17.10

17.11 No fees are payable in respect of circulars dealing with:

(a) conversion in terms of original conditions of issue of one listed class of security into another listed class of security of the same company; and

(b) redemption of listed securities.

17.12 No fees are payable in respect of inspection of share/debenture certificates.

17.13 Documentation inspection fees are payable in addition to the listing fees payable in respect of the listing of securities as per paragraph 17.1.

17.14 All the above fees exclude applicable taxes. Applicable taxes shall be payable on all listings and documentation fees.