JSE LIMITED - NGPLT - NewGold Isser Ltd - Initial offer for NewGold Platinum Debentures by NewGold Issuer Limited

NGPLT - NewGold Isser Ltd - Initial offer for NewGold Platinum Debentures by NewGold Issuer Limited

NEWGOLD ISSUER LIMITED (RF)
(“NewGold Platinum Debentures” or the “NewPlat ETF”)
Abbreviated name: NewPlat
Share code: NGPLT
ISIN: ZAE000177580

INITIAL OFFER FOR NEWGOLD PLATINUM DEBENTURES BY NEWGOLD ISSUER LIMITED
(RF)

1.   INTRODUCTION

     This announcement is issued in compliance with section 19.60 of the JSE Limited (“JSE”)
     Listings Requirements for information purposes only. The information set out below has been
     extracted from the NewGold Issuer Limited (RF) Offering Circular and Pre-Listing Statement for
     NewGold Platinum Debentures (dated 18 April 2013) (“Circular”), which is available as set out
     below.

     NewGold Issuer Limited (RF), an issuer of the largest Exchange Traded Fund (“ETF”) in South
     Africa – NewGold ETF – is bringing to the market a new ETF, in the form of NewGold Platinum
     Debentures (“NewPlat ETF”), which will be fully backed by physical platinum.

     An investment in the NewPlat ETF issued by NewGold Issuer Limited (RF) will provide
     investors the opportunity to obtain exposure to the Rand performance of platinum bullion.
     NewGold Platinum Debentures are fully backed by physical platinum bullion, approximately
     equivalent to 1/100 ounces of platinum bullion, and the value of NewGold Platinum Debentures
     is expected to rise or fall in accordance with the fluctuations in the Rand price of platinum
     bullion. Platinum bullion underlying the NewGold Platinum Debentures in issue will be held in
     safe custody on behalf of investors. NewGold Issuer Limited (RF) charges an annual fee of
     0.4% of the value of the platinum bullion held in custody, in order to meet its operating
     expenses.

     NewPlat ETF will be classified as a domestic investment. As such, investment in this ETF will
     not affect the relative foreign exposure limits applicable to institutional investors and Authorised
     Dealers.

     The NewGold Platinum Debentures will be offered and issued to the public pursuant to an offer,
     the specific terms and conditions of which are set out in the Circular (the “Initial Offer”).
     Subject to the approval of the JSE and applications being received for a minimum of 400 000
     NewGold Platinum Debentures (the equivalent of a Block as defined in the Circular) in specie
     as at the opening of the Initial Offer, the NewGold Platinum Debentures are intended to be
     listed on the main board of the JSE in the JSE’s ETF sub-sector, with effect from 26 April 2013.

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 (09h00)                                            Friday, 19 April 2013

      *Closing date of offer (17h00)                                           Friday, 19 April 2013*

      Initial Valuation Date                                                   Monday, 22 April 2013

      Publication on SENS of results of offer, including                       Tuesday, 23 April 2013
      Initial Issue price
 


       Anticipated issue and date of listing on the JSE of the                 Friday, 26 April 2013
       Platinum Debentures (09h00)


      * 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.

3.    AVAILABILITY OF DOCUMENTATION

      Copies of the Circular 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).


18 April 2013

Originator, Issuer Agent, Corporate Advisor and Sponsor

Absa Bank Limited (acting through its Corporate and Investment Banking division)




                                                                                               
Attorneys

Edward Nathan Sonnenbergs Incorporated

Date: 18/04/2013 01:15:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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