| Thu 14 Feb 2008, 12:21 | | DBXWD - DB X-Trackers MSCI World Index ETF - Initial offer For DBX World |
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JSE
DBX
DBXWD - DB X-Trackers MSCI World Index ETF - Initial offer For DBX World
Participatory Interests
DB X-Trackers MSCI World Index ETF
Share code: DBXWD
ISIN: ZAE000115184
A portfolio in the db x-trackers Collective Investment Scheme in Securities
(formerly the Itrix Collective Investment Scheme in Securities) ("DBX")
registered as such in terms of the Collective Investment Schemes Control Act, 45
of 2002 (the "portfolio"), managed by db x-trackers (Proprietary) Limited
(formerly Itrix Managers (Proprietary) Limited) ("DBX Managers")
INITIAL OFFER FOR DBX WORLD PARTICIPATORY INTERESTS ("DBX SECURITIES")
REFERENCING THE MSCI WORLD INDEX ("MSCI WORLD INDEX"), TO BE LISTED ON THE MAIN
BOARD OF THE JSE LIMITED ("JSE") IN THE "EXCHANGE TRADED FUNDS" SECTOR
This announcement is issued in compliance with the Listings Requirements of the
JSE for information purposes only. The information set out below has been
extracted from an offering circular and pre-listing statement (as issued on 19
September 2005) (the "circular"), together with the Third Supplement thereto
(the "supplement") issued on 13 February 2008, which is available as set out
below.
1. INTRODUCTION
DBX is a collective investment scheme in securities, currently comprising
the Itrix FTSE 100 and Itrix DJ Euro Stoxx 50 portfolios. Securities in the
new DBX MSCI World Index ETF Portfolio will track the performance of the
MSCI World Index, thereby giving investors exposure to the developed
world`s equity markets.
Investors will be entitled to subscribe for participatory interests in
terms of the initial offer:
in cash, in Rands or United States Dollars, the proceeds from the issue of
every 3 million DBX securities being utilised to acquire one basket of the
securities comprising the MSCI World Index ("constituent shares"); or
in specie, by the delivery of one or more whole baskets of the constituent
shares ("baskets of constituent shares") entitling the investor to 3
million DBX securities per basket of constituent shares delivered.
The foreign securities comprising the baskets of constituent shares will be
held by the Trustee of DBX through its foreign custodian.
Participatory interests will be issued in dematerialised form only on the
terms and subject to the conditions more fully described in the circular,
the value of each of which will approximately equal 1/1000th of the MSCI
World Index level at the time of issue.
Following the listing, securities holders may either trade their securities
on the JSE, redeem them for cash or, in the case of qualifying investors,
in respect of every 3 million DBX securities redeemed, redeem them for one
basket of constituent shares.
2. SALIENT DATES AND TIMES AND FURTHER ANNOUNCEMENT
The initial offer will remain open from 09:00 on Wednesday, 13 February
2008 until 12:00 on Wednesday, 5 March 2008 (however, investors are advised
to confirm the date and time of closing of the initial offer with their
individual broker or CSDP as this may vary for particular brokers and
CSDP`s).
LAs will be issued in the name of successful applicants on Monday, 10 March
2008 and will convert to DBX securities at commencement of trading on
Wednesday, 19 March 2008.
A further announcement containing the results of the initial offer
including the issue price will be published on SENS on Wednesday, 19 March
2008.
3. NOTICE
DBX Managers has been granted permission to use the name "MSCI World Index"
by the owner of the Index, MSCI Incorporated.
DBX securities are not in any way sponsored, endorsed, sold or promoted by
MSCI Incorporated ("MSCI"), any of its affiliates, any of its information
providers or any third party involved in, or related to, compiling,
computing or creating any MSCI index.
Investors are referred to the supplement for further details on the terms
of use of the MSCI World Index and the limitation of liability on the part
of MSCI Incorporated.
4. DIRECTORS, TRUSTEE AND REGISTERED OFFICE
The directors of DBX Managers, all of whom are non-executive, are:
Director : Niall Smith
Address : c/o Deutsche Bank AG, Winchester
House, 1 Great Winchester Street,
London, EC2N 2DB, England
Director : Roger Koep
Address : c/o Deutsche Bank AG
Winchester House
1 Great Winchester Street,
London, EC2N 2DB, England
Director : Richard Pearson
Address : c/o Deutsche Securities
3 Exchange Square
87 Maude Street
Sandton, 2196
Director : Max Koep
Address : c/o Deutsche Securities
Three Exchange Square
87 Maude Street
Sandton, 2196
The Trustee of DBX, The Standard Bank of South Africa Limited, is located at 2nd
Floor, Rosebank Corner, 191 Jan Smuts Avenue, Parktown North, 2193.
The registered office is located at Three Exchange Square, 87 Maude Street,
Sandown, Sandton, 2146.
5. COPIES OF THE SUPPLEMENT AND THE CIRCULAR
Copies of the supplement, in English, may be obtained during normal business
hours from the registered office as detailed above, from 13 February 2008 until
14 March 2008. A copy of the circular and the supplement will be available on
the website:
www.dbx-trackers.co.za.
6. SUBSCRIPTION CONDITIONS APPLICABLE TO THE INITIAL OFFER
The initial offer is subject to the conditions detailed in the circular as read
with the supplement.
Johannesburg
14 February 2008
Manager
db x-trackers (Proprietary) Limited
Corporate advisor, legal advisor and sponsor
Java Capital (Proprietary) Limited
Trustee
The Standard Bank of South Africa Limited
Date: 14/02/2008 12:21:07 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.
