| Mon 20 Feb 2012, 9:57 | | NEWSLV - Newwave Silverexchange Traded Notes - Initial offer for newwave silver |
|
JSE
ABSP
NEWSLV - Newwave Silverexchange Traded Notes - Initial offer for newwave silver
exchange traded notes
NEWWAVE SILVEREXCHANGE TRADED NOTES
("Silver Notes" or the "ETNs")
ABBREVIATED NAME: NEWSILVER
SHARE CODE: NEWSLV
ISIN: ZAE000162566
INITIAL OFFER FOR NEWWAVE SILVER 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 Silver Notes
("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 Silver 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 4 000 000 notes, the Silver 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 SILVER NOTES
The Silver Notes comprise a series of Silver unsecured redeemable notes, which
are designed to enable Investors, through the Notes, to obtain exposure to
silver.
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
The salient dates and times of the Offer are set out below:
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 09:57:01 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.
