| Fri 17 Feb 2012, 7:05 | | BIPS40 - Bips Top 40 - Name Change of BIPS TOP 40 SECURITIES (BIPSTOP40) to |
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JSE BIPS40
BIPS
BIPS40 - Bips Top 40 - Name Change of BIPS TOP 40 SECURITIES ("BIPSTOP40") to
RMB TOP 40 Exchange Traded Fund ("RMBTOP40")
Bips Top 40
A portfolio in the Bips Collective Investment Scheme ("the portfolio")
registered in terms of the Collective Investment Schemes Control Act, 45 of 2002
Share Code: BIPS40
ISIN: ZAE000127767
NAME CHANGE OF BIPS TOP 40 SECURITIES ("BIPSTOP40") TO RMB TOP 40 EXCHANGE
TRADED FUND ("RMBTOP40")
1. INTRODUCTION
Participatory interest holders are advised that the name of Bips Top 40
Securities will change to RMB Top 40 Exchange Traded Fund.
2. RATIONALE
The name change is being conducted in order to provide clarity to investors
and highlight the brand responsible for the issuance and day-to-day
operation of the management company, scheme and the fund, Rand Merchant
Bank ("RMB"), which is a division of FirstRand Bank Limited.
3. SALIENT DATES AND TIMES
Declaration date Friday, 17 February 2012
Finalisation date in respect of the change Friday, 24 February 2012
of name of BipsTop40
to RMBTOP40
Last day to trade in BipsTop40 Friday, 2 March 2012
participatory interests in respect of the
change of name of BipsTop40 to RMBTOP40
Listing of and trading in new participatory Monday, 5 March 2012
interests on the JSE under JSE code RMBT40,
ISIN ZAE000164521 and abbreviated name
"RMBTOP40" from commencement of business on
Record date Friday, 9 March 2012
Dematerialised participatory interest Monday, 12 March 2012
holders will have their accounts at their
CSDP or broker updated on
Note:
1. The abovementioned dates and times are South African dates and times
and are subject to amendment, any such amendment will be announced on
SENS.
4. GENERAL INFORMATION
Participatory interest holder`s attention is drawn to the following
information:
4.1 The Company`s long name will change from "Bips Top 40 Securities" to
"RMB Top 40 Exchange Traded Fund" and the short name on the JSE
Limited will change from "BipsTop40" to "RMBTOP40".
4.2 The JSE code will change to "RMBT40" and the ISIN code will change to
ZAE000164521, both of which codes have been approved by the JSE.
4.3 For a period of not less than one year, the Company will reflect the
former name "Bips Top 40 Securities" in brackets beneath the new name
of "RMB Top 40 Exchange Traded Fund" on all documents of title and any
announcements released on SENS.
Johannesburg
17 February 2012
Sponsor: Bridge Capital Advisors (Pty) Limited
Date: 17/02/2012 07:05:39 Produced by the JSE SENS Department.
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