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Initial Offer for NewGold Palladium Debentures By NewGold Issuer Limited (RF)- NGPLD
NEWGOLD ISSUER LIMITED (RF)
(“NewGold Palladium Debentures” or the “NewPalladium ETF”)
Abbreviated Name: .NewPall
Share Code: NGPLD
ISIN: ZAE000182507
INITIAL OFFER FOR NEWGOLD PALLADIUM 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
Palladium Debentures (dated 20 March 2014 (“Circular”), which is available as set out below.
NewGold Issuer Limited (RF), an issuer of the two largest Exchange Traded Funds (“ETFs”) in
South Africa – NewGold and NewPlat ETFs – is bringing to the market a new ETF, in the form of
NewGold Palladium Debentures, which will be fully backed by physical Palladium.
An investment in the NewPalladium ETF issued by NewGold Issuer (RF) Limited will provide
investors the opportunity to obtain exposure to the Rand performance of Palladium bullion.
NewGold Palladium Debentures are fully backed by physical Palladium bullion, approximately
equivalent to 1/100 ounces of Palladium bullion, and the value of NewGold Palladium Debentures
is expected to rise or fall in accordance with the fluctuations in the Rand price of Palladium bullion.
Palladium bullion underlying the NewGold Palladium Debentures in issue will be held in safe
custody on behalf of investors. NewGold Issuer (RF) Limited charges an all inclusive annual fee of
0.4% of the value of the Palladium bullion held in custody, in order to meet its operating expenses.
NewPalladium 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 Palladium 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”).
The JSE has granted formal approval to the listing of this ETF and the aforementioned circular and
applications being received for a minimum of 100,000 NewGold Palladium Debentures in specie as
at the opening of the Initial Offer, the NewGold Palladium Debentures are intended to be listed on
the main board of the JSE in the JSE’s ETF sub-sector, with effect from Thursday, 27 March 2014.
Full secondary market liquidity will be available to investors from day one.
2. SALIENT DATES AND TIMES OF INITIAL OFFER AND FURTHER ANNOUNCEMENT
The salient dates and times of the offer are set out below:
2014
Opening date of the Offer (09h00) Monday, 24 March
Closing date of the Offer (12h00) Monday, 24 March
Initial Valuation Date Tuesday, 25 March
Notification to JSE of results of Offer (by 09h00) Wednesday, 26 March
Publication on SENS of results of Offer, including
Wednesday, 26 March
Initial Issue Price
Anticipated issue and listing date on the JSE (09h00) Thursday, 27 March
*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 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).
20 March 2014
Originator, issuer agent, corporate advisor and sponsor
Absa Bank Limited (acting through its Corporate and Investment Banking division)
Attorneys
Date: 20/03/2014 03:30:00 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.
