| Mon 20 Feb 2012, 9:54 | | NEWPLT - Platinum Notes - Initial Offer for Newwave Platinum Exchange Traded |
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JSE
ABSP
NEWPLT - Platinum Notes - Initial Offer for Newwave Platinum Exchange Traded
Notes
NEWWAVE PLATINUM EXCHANGE TRADED NOTES ("Platinum Notes" or the "ETNs")
ABBREVIATED NAME: NEWWVPLAT
SHARE CODE: NEWPLT
ISIN: ZAE000162590
INITIAL OFFER FOR NEWWAVE PLATINUM EXCHANGE TRADED NOTES
This announcement is issued in compliance with section 19.60 of the JSE Listings
Requirements for information purposes only. The information set out below has
been extracted from the NewWave Pricing Supplement applicable to Platinum Notes
(the "Applicable Pricing Supplement"), as read with the NewWave Precious Metal
Notes Product Supplement and the NewWave Programme Memorandum (all dated 20
February 2012) (collectively, the "offering documents"), which are available as
set out below.
The Platinum Notes will be offered and issued to the public pursuant to the
offer, the specific terms and conditions of which are set out in the Applicable
Pricing Supplement. Subject to the approval of the JSE Limited ("JSE") and
applications being received for a minimum of 400 000 notes, the Platinum Notes
are intended to be listed on the main board of the JSE in the JSE`s ETN sub-
sector, with effect from Monday, 12 March 2012.
DESCRIPTION OF Platinum Notes
The Platinum Notes comprise a series of Platinum unsecured redeemable notes,
which are designed to enable Investors, through the Notes, to obtain exposure to
platinum.
Minimum subscriptions ZAR 1,000
Initial Issue Price The ZAR equivalent of the Reference Price (as defined
in the Applicable Pricing Supplement) determined on the Initial Valuation Date
Initial Reference One hundredth of a troy ounce
Quantity
Initial Issue Date 12 March 2012
Maturity Date On or about 12 March 2042
2. SALIENT DATES AND TIMES OF INITIAL OFFER AND FURTHER ANNOUNCEMENT
Opening date of Offer 20 February 2012
Closing date of Offer 27 February 2012*
Initial Valuation Date 2 March 2012
Publication on SENS 5 March 2012
of results of Offer,
including Initial
Issue Price
Issue Date 12 March 2012
*The Offer Period may be extended by notice on SENS. Investors must advise their
Central Securities Depository Participant ("CSDP") or broker of their acceptance
of the Offer in the manner and by the cut-off time stipulated by their CSDP or
broker.
AVAILABILITY OF DOCUMENTATION
Copies of the offering documents, and application form in English, may be
obtained during normal business hours from Absa Capital, Investments team, 15
Alice Lane, Sandton (+27 11 895 5517) or on the website
(www.absacapitaletfs.com).
Sandton
20 February 2012
Originator, corporate advisor and sponsor
Absa Capital
(the investment banking division of Absa Bank Limited, affiliated with Barclays
Capital)
Legal and tax advisors
Edward Nathan Sonnenbergs Inc.
Date: 20/02/2012 09:54:01 Produced by the JSE SENS Department.
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