SATRIX COLLECTIVE INVESTMENT SCHEME - Listing Of The Satrix Quality South Africa Portfolio ETF Referencing The S&P Quality South Africa Index on the JSE

Listing Of The Satrix Quality South Africa Portfolio ETF Referencing The S&P Quality South Africa Index on the JSE

SATRIX COLLECTIVE INVESTMENT SCHEME
SATRIX QUALITY SOUTH AFRICA PORTFOLIO
JSE Code: STXQUA
ISIN: ZAE000247987
("Satrix Quality" 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 QUALITY SOUTH AFRICA PORTFOLIO AND THE SCHEME
REFERENCING THE S&P QUALITY SOUTH AFRICA 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 Quality participatory interests provide the investors
exposure to high quality stocks in the South African market based on
a quality score. This score is calculated based on return on equity,
accruals ratio and financial leverage ratio.
2. Listing approval
Approval for the listing of the participatory interest in the
portfolio was granted by the JSE on 28 August 2017.
3. Summary of the offer
3.1. Issuer
Satrix Quality, 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: ZAE000247987
3.3. Share code: STXQUA
3.4. Long name: Satrix Quality South Africa Portfolio
3.5. Abbreviated name: SATRIXQUA
3.6. Index
The S&P Quality South Africa Index forms part of the S&P Global BMI
Index series established on 12 October 2014, an index which
comprises listed securities on the JSE, ranked on the basis of a
quality score which is based on three fundamental measures, namely,
return on equity, accruals ratio and financial leverage ratios.
Permission has been granted to Satrix Managers by the Index
provider, in terms of license and
sub-license arrangements, to use the Index name and to track the S&P
Quality South Africa Index.
3.7. Distribution or accounting period
Quarterly distributions in three month periods ending on the last
day of March, June, September and December, or such other date as
may be determined by the manager in consultation with the trustee
from time to time.
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 Friday, 01
September 2017
4.2. Closing date of the initial offer at 12:00 on Friday, 15
September 2017
4.3. Ramp up period in respect of cash subscriptions commences on
Tuesday, 19 September 2017
4.4. Settlement of Letters of allocation on Tuesday, 19 September
2017*
4.5. Publication of announcement on SENS as to the results of the
initial offer on Thursday, 21 September 2017
4.6. Publication of conversion ratio on Thursday, 21 September 2017
4.7. Listing date at 9:00 on Tuesday, 26 September 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

31 August 2017

Sponsor
Vunani Corporate Finance

Satrix Managers (RF) Pty Limited

Date: 31/08/2017 12:15:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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