| Thu 14 Feb 2008, 12:22 | | DBXUS - DB X-Trackers MSCI USA Index ETF - Distribution Payment Announcement |
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JSE
DBX
DBXUS - DB X-Trackers MSCI USA Index ETF - Distribution Payment Announcement
DB X-Trackers MSCI USA Index ETF
Share code: DBXUS
ISIN: ZAE000115192
DISTRIBUTION PAYMENT ANNOUNCEMENT
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 USA PARTICIPATORY INTERESTS ("DBX SECURITIES") REFERENCING
THE MSCI USA INDEX ("MSCI USA 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 Fourth 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 USA Index ETF Portfolio will track the performance of the MSCI USA
Index, thereby giving investors exposure to U.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 USA 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 USA 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 USA 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 USA 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 12:22:01 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.
