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SATRIX COLLECTIVE INVESTMENT SCHEME - Listing Of The Satrix Msci World Feeder Portfolio And The Scheme Referencing The Msci World Index on the JSE-STXWDM

Release Date: 29/06/2017 15:00
Code(s): STXWDM     PDF:  
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Listing Of The Satrix Msci World Feeder Portfolio And The Scheme Referencing The Msci World Index on the JSE-STXWDM

SATRIX COLLECTIVE INVESTMENT SCHEME
SATRIX MSCI WORLD FEEDER PORTFOLIO
JSE Code: STXWDM
ISIN: ZAE000246104
("Satrix MSCI World" 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

LISTING OF THE SATRIX MSCI WORLD FEEDER PORTFOLIO (“THE PORTFOLIO”)
AND THE SCHEME REFERENCING THE MSCI WORLD 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

The Satrix MSCI World Feeder Portfolio participatory interests
provide the investor with exposure to the MSCI World by investing in
the iShares Core MSCI World UCITS ETF (“underlying fund”)
securities. MSCI World Index measures the performance of the large
and mid capitalisation stocks across 23 developed market countries
which comply with MSCI’s size, liquidity, and free-float criteria.



2. Listing approval


Approval for the listing of the participatory interest in the
portfolio was granted by the JSE on 26 June 2017


3. Summary of the offer

3.1. Issuer

     The Satrix MSCI World Feeder Portfolio, 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:                 ZAE000246104

3.3. Share code:           STXWDM

3.4. Long name:            Satrix MSCI World Feeder Portfolio

3.5. Abbreviated name:     SATRIXWDM
3.6   Underlying Fund

      The iShares Core MSCI World UCITS ETF established under the
      iShares III Public Ltd Company approved by the Central Bank of
      Ireland in August 2011. The investment objective of the
      underlying fund is to provide investors with a total return,
      taking into account both capital and income returns, which
      reflects the return of the MSCI World Index.



3.7. Index

      MSCI World Index was established on 31 March 1986, Measures the
      performance of the large and mid capitalisation stocks across
      23 developed market countries which comply with MSCI’s size,
      liquidity, and free-float criteria.

3.8. Distribution or accounting period

      No distributions as the index in a total return index. Therefore
      the coupons of the underlying bonds are reinvested.

3.9. 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 Friday, 30 June
     2017

4.2. Closing date of the initial offer at 12:00 on Monday, 17 July
     2017

4.3. Ramp up period in respect of cash subscriptions commences on
     Wednesday, 19 July 2017

4.4. Settlement of Letters of allocation on Wednesday, 19 July 2017


4.5. Publication of announcement on SENS as to the results of the
     initial offer on Friday, 21 July 2017

4.6. Publication of conversion ratio on Friday, 21 July 2017

4.7. Listing date at 9:00 on Tuesday 25 July 2017


*    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 offering circular

A supplement to the offering circular detailing this offer is
available on the website of the Satrix Collective Investment Scheme
on www.satrix.co.za

29 June 2017

Satrix Managers (RF) Pty Limited

Date: 29/06/2017 03:00:00 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.

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