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LISTING OF THE SATRIX MSCI INDIA FEEDER ETF AND THE SCHEME REFERENCING THE MSCI INDIA NET TR INDEX ON THE MAIN BOARD
SATRIX COLLECTIVE INVESTMENT SCHEME
SATRIX MSCI INDIA FEEDER ETF
JSE Code: STXNDA
ISIN: ZAE000306924
("Satrix MSCI India" or the "Portfolio")
A portfolio in the Satrix Collective Investment Scheme, registered
as such in terms of the Collective Investment Schemes Control Act,
45 of 2002.
LISTING OF THE SATRIX MSCI INDIA FEEDER ETF AND THE SCHEME
REFERENCING THE MSCI INDIA NET TR INDEX ON THE MAIN BOARD OF THE JSE
LIMITED (“JSE”) IN THE EXCHANGE TRADED FUND SECTOR.
This announcement is issued for information purposes only relating
to the listing of the portfolio on the JSE.
1. Introduction
Satrix MSCI India participatory interests provide the investors
exposure to approximately 85% of the Indian stock market via large
and mid-cap Indian stock.
2. Listing approval
Approval for the listing of the participatory interest in the
portfolio was granted by the JSE on 12 January 2022.
3. Summary of the offer
3.1. Issuer
Satrix MSCI India, a portfolio in the Satrix Collective
Investment Scheme in Securities, registered in terms of the
Collective Investment Schemes Control Act, No 45 of 2002.
3.2. ISIN: ZAE000306924
3.3. Share code: STXNDA
3.4. Long name: Satrix MSCI India Feeder ETF
3.5. Abbreviated name: SATRIXNDA
3.6. Index
Launched in April 1993, the MSCI India Index represents
exposure to approximately 85% of the Indian stock market with
direct investment into large and mid-cap Indian stocks. The
index constituents are weighted by the security free-float
adjusted market capitalization calculated based on the Foreign
Inclusion Factor (FIF) and subject to Foreign Ownership Limits
(FOLs).
3.7. Distribution or accounting period
The underlying fund reinvests the income from the constituents
in the index and therefore does not distribute.
3.8. The ramp up period
It is the period during which the manager will procure the
acquisition of baskets with the cash proceeds from the initial
offer and will be announced at the close of the offer.
4. Salient dates and times
4.1. Opening date of the initial offer at 09:00 on Monday, 31
January 2022
4.2. Closing date of the initial offer at 12:00 on Tuesday, 15
February 2022
4.3. Ramp up period in respect of cash subscriptions commences on
Wednesday, 16 February 2022
4.4. Settlement of Letters of allocation on Thursday, 17 February
2022
4.5. Publication of announcement on SENS as to the results of the
initial offer on Friday, 18 February 2022
4.6. Publication of conversion ratio on Monday, 21 February 2022
4.7 Ramp up period in respect of in specie subscriptions,
Wednesday, 23 February 2022
4.8. Listing date at 9:00 on Thursday, 24 February 2022
* One letter of allocation (“LA”) will be issued for every Rand
subscription against a subscriber’s CSDP or broker account
being debited with the Rand amount. Once the baskets of Index
constituents have been acquired, STRATE will convert the LAs
to Satrix securities in the CSDP accounts in terms of the
conversion ratios that will be published on SENS.
5. Copies of the supplement to the programme memorandum
A supplement to the programme memorandum detailing this offer is
available on the website of the Satrix Collective Investment Scheme
on www.satrix.co.za
28 January 2022
Satrix Managers (RF) Pty Limited
Date: 28-01-2022 03:25:00
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