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STANLIB COLLECTIVE INVESTMENTS LIMITED - Listing Of The Stanlib S&P500 Index Feeder ETF - ETF500

Release Date: 16/02/2018 12:15
Code(s): ETF500     PDF:  
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Listing Of The Stanlib S&P500 Index Feeder ETF - ETF500

STANLIB Collective Investments Limited
(Registration number 1969/003468/06)
(“STANLIB” or “the Manager”)
(being the manager of the STANLIB ETF)

STANLIB S&P500 INDEX FEEDER ETF (“ETFSP500”)
(being a portfolio under the STANLIB Collective Investment Scheme (“STANLIB CIS”) registered in the
Republic of South Africa in terms of the Collective Investment Schemes Control Act, 45 of 2002 (“CISCA”))
Share Code: ETF500
Abbreviated Name: ETFSP500
ISIN: ZAE000255055


LISTING OF THE STANLIB S&P500 INDEX FEEDER ETF 
IN THE EXCHANGE TRADED FUND SECTOR ON THE MAIN BOARD OF THE JSE LIMITED (“JSE”)


1. INTRODUCTION

   This announcement is issued in compliance with paragraph 19.27 of the JSE Listings Requirements
   for information purposes, following the JSE approving the listing of participatory interests in the
   STANLIB S&P500 INDEX FEEDER ETF.

   The information set out below has been extracted from the STANLIB ETF Programme Memorandum
   issued by the Manager on 12 October 2010 (“the Programme Memorandum”) and the STANLIB
   S&P500 INDEX FEEDER ETF supplement issued on 16 February 2018 (“the Supplement”), and relates
   to:

   i. the offer for subscription of participatory interests in the ETFSP500, a portfolio within the STANLIB
      CIS, providing investors with exposure to the S&P500 index (“the Offer”); and
   ii. the subsequent listing of participatory interests in the “Exchange Traded Funds” sector on the JSE.

2. STRUCTURE

   The ETFSP500 portfolio is managed by STANLIB, an approved manager of Collective Investment
   Schemes and as such is governed in terms of CISCA. The Manager has entered into an agreement
   with the Asset Manager, Stanlib Asset Management Limited, in terms of which the Asset Manager will
   monitor changes to the index constituents and execute transactions to reflect these changes on behalf
   of the Manager. Societe Generale will act as the independent Trustee and will fulfil its duties as
   specified in CISCA and the Regulations thereto.

3. SUMMARY OF THE OFFER

   3.1. Issuer: STANLIB S&P500 INDEX FEEDER ETF, being a portfolio under the STANLIB CIS

   3.2. ISIN: ZAE000255055

   3.3. Share code: ETF500

   3.4. Long name: STANLIB S&P500 ETF

   3.5. Abbreviated name: ETFSP500

   3.6. Index and Investment Policy:

        The S&P 500 is widely regarded as the best single gauge of large-cap U.S. equities. There are
        over USD 7.8 trillion benchmarked to the index, with index assets comprising approximately USD
        2.2 trillion of this total. The index includes 500 leading companies and captures approximately
        80% coverage of available market capitalization. The index is reconstituted quarterly in February,
        May, August and November, and is updated and published daily on the S&P Dow Jones Indices
        website.

        The aim of the portfolio is to provide returns linked to the performance of the S&P 500 Index in
        terms of both price performance as well as income from the underlying investments. The portfolio
        will aim to track the performance of the index as closely as feasibly and practically possible.

        In order to achieve the abovementioned objective, the portfolio will invest in an underlying fund,
        iShares Core S&P500 UCITS ETF, that invests in physical securities to replicate the economic
        performance of the index. The portfolio aims to hold securities that represent the index so that its
        performance does not diverge substantially from the index.

        The composition of the portfolio will be compared to the composition of the index on a daily basis,
        taking into account any investment contributions or withdrawals to and from the portfolio, the
        receipt of any dividends for reinvestment, the effect of any corporate actions and its impact on the
        composition of the portfolio relative to that of the index.

4. SALIENT DATES AND TIMES AND FURTHER ANNOUNCEMENT

   Offer opens                                                               Monday, 19 February 2018

   Offer closes at 12:00                                                    Tuesday, 27 February 2018

   Ramp up period in respect of cash subscriptions commences              Wednesday, 28 February 2018

   Issue of letters of allocation*                                        Wednesday, 28 February 2018

   Publication of announcement on SENS as to the results of the                  Monday, 5 March 2018
   initial offer

   Publication of conversion ratios by 11:00                                     Monday, 5 March 2018

   Listing Date at 09:00                                                      Wednesday, 7 March 2018

    *One letter of allocation (“LA”) will be issued for every Rand subscription against a subscribers CSDP
    or broker account being debited with the Rand amount. Once the underlying index constituents have
    been acquired, the LAs will convert to ETF securities in terms of the conversion ratios that will be
    published on SENS.

5. DOCUMENTATION

   Copies of the Programme Memorandum and the Supplement can be obtained from the offices of the
   Manager being, 17 Melrose Boulevard, Melrose Arch, 2196 during normal office hours, or on the
   STANLIB website at https://indexinvestments.stanlib.com/the-knowledge-centre/etf-information, from
   Friday, 16 February 2018.

   The distribution of the Supplement and the offer or sale of participatory interests may be restricted by
   law in certain jurisdictions. Persons in whose possession the Supplement or any other participatory
   interests come must inform themselves about, and observe, any such restrictions. In particular there
   are restrictions on the distribution of the Supplement and the offer or sale of participatory interests in
   the United Kingdom and the Republic of South Africa.


Johannesburg
16 February 2018

Investment Bank and Sponsor
The Standard Bank of South Africa Limited

Date: 16/02/2018 12:15:00 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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