SATRIX COLLECTIVE INVESTMENT SCHEME - Conversion Ratio and The Listing of The Satrix MSCI Emerging Markets Feeder Portfolio (The Portfolio)- STXEMG
STXEMG 201707240028A
Conversion Ratio and The Listing of The Satrix MSCI Emerging Markets Feeder Portfolio (“The Portfolio”)- STXEMG
SATRIX COLLECTIVE INVESTMENT SCHEME
SATRIX MSCI EMERGING MARKETS FEEDER PORTFOLIO
JSE Code: STXEMG
ISIN: ZAE000246633
("Satrix EMG" or the "ETF")
A portfolio in the Satrix Collective Investment Scheme, registered as
such in terms of the Collective Investment Schemes Control Act, 45 of
2002
CONVERSION RATIO AND THE LISTING OF THE SATRIX MSCI EMERGING MARKETS
FEEDER PORTFOLIO (“THE PORTFOLIO”)
Further to the announcement released on SENS on Wednesday, 19 July
2017 regarding the results of the initial public offer (“the offer”)
for subscription to the portfolio, Satrix Managers (RF) Pty Limited
hereby announce the conversion ratio and the listing of the portfolio.
1. Conversion ratio
Investors will be entitled to 0.0282090 (“the conversion ratio”)
Satrix EMG Securities for every letter of allocation (“LA”) issued.
The LAs will be converted to Satrix EMG securities in the subscriber’s
CSDP or broker account.
2. Issued securities and listing
Satrix MSCI Emerging Markets Feeder Portfolio will issue 1 172 719
(one million one hundred and seventy two thousand seven hundred and
nineteen) securities to list on the “Exchange Traded Funds” sector of
the main board of the JSE Limited, at an issue price of approximately
R 35.64 per security, to commence trading on Tuesday 25 July 2017.
24 July 2017
Satrix Managers (RF) Pty Limited
Date: 24/07/2017 02:07:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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