Satrix INDI - Distribution announcement
Satrix INDI
JSE code: STXIND
ISIN CODE: ZAE000036364
DISTRIBUTION ANNOUNCEMENT
The trustees of the Satrix Collective Investment Scheme (being ABSA Bank
Limited) have resolved to make a distribution to holders of Satrix INDI Index
Securities recorded in the register in respect of the quarter ended 30 September
2005. This distribution will:
- be an amount of R 0.1435 cents (fourteen point three five) per Satrix INDI
Index Security, constituted by:
* 14.35 cents in respect of dividends;
- be made to all holders of Satrix INDI Index Securities recorded in the
register on 30 September 2005;
- be effected on 24 October 2005.
An unavoidable tracking error was incurred during the quarter as a result of
various corporate transactions whereby the Satrix Indi Trust was forced to sell
certain of its holdings at a discount and repurchase these securities at the
market price in order to ensure perfect ongoing tracking of the FTSE/JSE
Industrial 25 Index. These transactions and the amounts expended to restore the
correct index exposure were:
R
Aspen Pharmacare Holdings Ltd 107 473
African Oxygen Ltd 74 181
Imperial Holdings Ltd 104 040
A total amount of R285 694 was expended for this purpose and was funded from the
distributable amount
For the first nine months of 2005, the Satrix Indi Index securities had a Total
Expense Ratio (TER) of 9,9 basis points (0,0988%).
20 October 2005
- end -
Date: 20/10/2005 05:34:11 PM Produced by the JSE SENS Department
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