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JSE
PTXSPY
PTXSPY - Proptrax Sapy - Extension Of Initial Offer For Proptrax Sapy
Participatory Interests
PROPTRAX SAPY
Share code: PTXSPY & ISIN: ZAE000101911
A portfolio in the Property Index Tracker Collective Investment Scheme
("PropTrax") registered as such in terms of the Collective Investment Schemes
Control Act, 45 of 2002 (the "portfolio"), managed by Property Index Tracker
Managers (Proprietary) Limited ("PropTrax Managers")
EXTENSION OF INITIAL OFFER FOR PROPTRAX SAPY PARTICIPATORY INTERESTS ("PROPTRAX
SAPY SECURITIES") REFERENCING THE FTSE/JSE AFRICA LISTED PROPERTY INDEX ("SAPY
INDEX"), TO BE LISTED ON THE MAIN BOARD OF THE JSE LIMITED ("JSE") IN THE
"EXCHANGE TRADED FUNDS" SECTOR
Investors are referred to the announcement dated 13 August 2007 and the offering
circular and pre-listing statement, together with the first supplement thereto,
both issued on 13 August 2007.
PropTrax Managers has decided to keep the initial offer open until 12h00 on
Friday, 7 September 2007.
Accordingly the revised salient dates and times in respect of the initial offer
are as follows:
2007
Opening date of the initial offer at 09h00 13 August
Closing date of the initial offer 12h00 7 September
Ramp up period in respect of cash 10 September
subscriptions commences
LAs issued* 10 September
Delivery dates for baskets in respect of in 14 September
specie applications
Ramp up period in respect of cash 21 September
subscriptions ends
Publication of announcement on SENS as to the 21 September
results of the initial offer
Listing date 25 September
* One letter of allotment ("LA") will be issued for every Rand subscription
against a subscriber`s CSDP or broker account being debited with the Rand
amount. Once the baskets of SAPY Index constituents have been acquired,
Strate will convert the LAs to PropTrax SAPY securities in the CSDP
accounts in accordance with the conversion ratios to be published on SENS.
The reasons for PropTrax Managers extending the initial offer are:
- to avoid a significant rebalancing of the portfolio immediately following
listing as a result of corporate activity in the listed property sector
during the quarter to September 2007 that is expected to impact the
weightings of the constituent securities comprising the SAPY Index; and
- ongoing investor interest and demand in response to the initial offer.
Rosebank
24 August 2007
Corporate advisor, legal advisor and sponsor
Java Capital (Proprietary) Limited
Date: 24/08/2007 13:57:01 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.
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