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Listing of AMI Real Estate Participatory Units - AMIRE
The Cloud Atlas Collective Investment Scheme in Securities
AMI RealEstate ex-SA ETF
JSE code: AMIRE
ISIN: ZAE000254595
(“AMI Real Estate”)
A portfolio in the Cloud Atlas Collective Investment Scheme in Securities,
registered as such in terms of the Collective Investment Schemes Control
Act, 45 of 2002.
Listing of AMI Real Estate Participatory Units
The information as it appears below has been extracted from the Programme
Memorandum and the Supplement relating to the AMI Real Estate ETF and utilises
the terms and definitions contained therein.
1. Introduction
The JSE Limited (“JSE”) has approved the listing on the Main Board of the
JSE, Participatory Units in the AMI Real Estate ETF which aims to track the
AMI Real Estate ex-SA Index and is an ETF in the Cloud Atlas Collective
Investment Scheme in Securities.
2. The AMI Real Estate ex-SA Index
The AMI Real Estate ex-SA Index is a market capitalisation weighted index
designed to serve as a benchmark for a broader representation of the African
equity markets, excluding South Africa.
In order to be eligible for inclusion in the AMI Real Estate ex-SA Index a
company must be listed on an African exchange that is a member of the African
Securities Exchange Association (“ASEA”). The current ASEA member exchanges
are seen on http://www.african-exchanges.org/members/.
Further criteria for eligibility in the AMI Real Estate ex-SA Index is that
the securities exchange must:
• Be operational and have been operational for over 15 years;
• Have over 10 tradable stocks; and
• Have readily available data on the traded securities.
Currently 15 African exchanges, excluding South Africa, are eligible to have
constituents listed on such exchange for inclusion in the AMI Real Estate
ex-SA ETF. The full list of eligible exchanges is contained in the Programme
Memorandum.
3. General
The portfolio will be managed by Cloud Atlas (RF) Proprietary Limited (“the
Manager”), a private company duly incorporated in accordance with the laws
of South Africa on 14 May 2013. The Manager has obtained permission to use
the name and track the AMI Real Estate ex-SA Index. The Programme Memorandum
and the Supplement document are available during normal business hours at
the registered office of the Manager, Ground Floor, Cradock Heights, 21
Cradock Avenue, Rosebank, Johannesburg, 2196 from Wednesday, 7 February 2018.
The Programme Memorandum and the Supplement will also be available on the
Manager’s website www.cloudatlasinvesting.com or www.amiseries.co.za.
4. Salient dates and times
2018
Opening Date of the Initial Offer at 09:00 and Wednesday, 7 February
announced on SENS on:
Closing Date of the Initial Offer at 12:00 on:* Friday, 02 March
Letters of allotment issued:† Monday, 05 March
Ramp up period in respect of Cash Subscriptions Monday, 05 March
commences
Ramp up period in respect of Cash Subscriptions ends Friday, 09 March
no later than:
Publication of announcement on SENS as to the results Wednesday, 14 March
of the Initial Offer:
Publication of conversion ratios by 11:00 on: Wednesday, 14 March
Listing date at 09:00 on: Friday, 16 March
* Applicants should contact their broker or CSDP to ascertain
the timing for submission of applications as this will vary
dependent on the broker or CSDP in question.
† One letter of allotment 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 ETF
Constituents have been acquired, Strate will communicate the
conversion ratio to the CSDP’s who will in turn convert the
letter of allotment to AMI Real Estate ex-SA Participatory
Units in the CSDP accounts in accordance with the conversion
ratios to be published on SENS on Wednesday, 14 March 2018.
AMI Real Estate ex-SA Participatory Units will be issued in dematerialised
format only.
5. The Initial Offer
The Initial Offer is an initial public offering to investors regarding an
investment in AMI Real Estate ex-SA Participatory Units.
The Initial Offer is not an offer in any jurisdiction in which it is illegal
to make this Initial Offer and in those circumstances the Programme
Memorandum and Supplement are issued for information purposes only.
5.1 Conditions of the Initial Offer
• Once an application has been submitted it is irrevocable and as such may
not be withdrawn.
• All subscriptions for AMI Real Estate ex-SA Participatory Units will be
treated as primary market acquisitions.
• All subscribers for AMI Real Estate ex-SA Participatory Units must have
a valid account with a broking member of the JSE. Subscribers that do not
have an account with a JSE member can contact any broker registered with
the JSE to open an account. A list is available on the JSE website being
www.jse.co.za.
5.2 Participating in the Initial Offer
To participate in the Initial Offer for AMI Real Estate ex-SA Participatory
Units, you must contact your JSE accredited broker. If you do not have a
broker then contact the Executing Broker, the details of which are set out
on the inside front cover of the Supplement.
5.3 The Issue Price of a AMI Real Estate ex-SA Participatory Units
The issue price of each AMI Real Estate ex-SA Participatory Unit will be the
cost of acquiring the underlying portfolio less any applicable costs, divided
by the number of Participatory Units.
5.4 Discharging the Issue Price during the Initial Offer
The price payable by an investor if he subscribes for securities during the
period of the Initial Offer may be only settled by a payment in cash in
Rands.
5.5 Minimum Subscriptions
The AMI Real Estate ex-SA ETF is an open ended fund and hence there is no
maximum amount regarding the AMI Real Estate ex-SA Participatory Units
available for purchase.
In respect of cash subscriptions, there is no minimum subscription amount,
however an investor should be able to buy at least one AMI Real Estate ex-
SA Participatory Unit.
Participatory interests will be issued in dematerialised form only.
7 February 2018
Corporate Adviser and Sponsor
Vunani Corporate Finance
Date: 07/02/2018 09:15:00 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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