SATRIX COLLECTIVE INVESTMENT SCHEME - Satrix ILBI Portfolio: Conversion ratio and listing - STXILB

Satrix ILBI Portfolio: Conversion ratio and listing - STXILB

SATRIX COLLECTIVE INVESTMENT SCHEME
SATRIX ILBI PORTFOLIO
JSE Code: STXILB
ISIN: ZAE000240123
("Satrix ILBI" 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 ILBI PORTFOLIO (“THE
PORTFOLIO”)

Further to the announcement released on SENS on Monday, 20 February
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 0.176977 (“the conversion ratio”)
Satrix ILBI Securities for every letter of allocation (“LA”) issued.
The LAs will be converted to Satrix ILBI securities in the
subscriber’s CSDP or broker account and standard rounding is
applicable.

2. Issued securities and listing

An additional in-specie subscription for 2 000 000 (two million)
securities of the Satrix ILBI Securities was received on Tuesday, 21
February 2017.

Satrix ILBI Portfolio will issue 4 015 615 (four million and fifteen
thousand six hundred and fifteen) securities, comprising of the sum
total of the in-specie and cash subscriptions, to list on the
“Exchange Traded Funds” sector of the main board of the JSE Limited,
at an issue price of approximately R 5.65 per security, to commence
trading on Friday 24 February 2017.


22 February 2017

Satrix Managers (RF) Pty Limited

Date: 22/02/2017 03:58:00 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.