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SATRIX COLLECTIVE INVESTMENT SCHEME - Conversion ratio and the listing of the Strix Quality South Africa-StTXQUA

Release Date: 21/09/2017 17:00
Code(s): STXQUA     PDF:  
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Conversion ratio and the listing of the Strix Quality South Africa-StTXQUA

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.

CONVERSION RATIO AND THE LISTING OF THE SATRIX QUALITY SOUTH AFRICA
PORTFOLIO (“THE PORTFOLIO”)

Further to the announcement released on SENS on Tuesday, 19
September 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 0.1296907 (“the conversion ratio”)
Satrix Quality Securities for every letter of allocation (“LA”)
issued. The LAs will be converted to Satrix Quality securities in
the subscriber’s CSDP or broker account.

2. Issued securities and listing

An additional in-specie subscription for 500 000 (five hundred
thousand) securities of the Satrix Quality Securities was received
on Friday, 15 September 2017.

Satrix Quality Portfolio will issue 3 636 570 (three million six
hundred and thirty six thousand five hundred and seventy)
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 7.73 per security, to commence trading on Tuesday 26 September
2017.


21 September 2017

Satrix Managers (RF) Pty Limited

Date: 21/09/2017 05:00:00 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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