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Listing Of The Stanlib MSCI World Index Feeder ETF - ETFWLD
STANLIB Collective Investments Limited
(Registration number 1969/003468/06)
(“STANLIB” or “the Manager”)
(being the manager of the STANLIB ETF)
STANLIB MSCI WORLD INDEX FEEDER ETF (“ETFWORLD”)
(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: ETFWLD
Abbreviated Name: ETFWORLD
ISIN: ZAE000255170
LISTING OF THE STANLIB MSCI WORLD 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 MSCI WORLD 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 MSCI
WORLD INDEX FEEDER ETF supplement issued on 16 February 2018 (“the Supplement”), and relates
to:
i. the offer for subscription of participatory interests in the ETFWORLD, a portfolio within the STANLIB
CIS, providing investors with exposure to the MSCI World index (“the Offer”); and
ii. the subsequent listing of participatory interests in the “Exchange Traded Funds” sector on the JSE.
2. STRUCTURE
The ETFWORLD 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 MSCI WORLD INDEX FEEDER ETF, being a portfolio under the STANLIB CIS
3.2. ISIN: ZAE000255170
3.3. Share code: ETFWLD
3.4. Long name: STANLIB MSCI WORLD ETF
3.5. Abbreviated name: ETFWORLD
3.6. Index and Investment Policy:
The MSCI World Index captures large and mid-cap representation across 23 developed markets
countries. With 1,653 constituents, the index covers approximately 85% of the free float-adjusted
market capitalization in each country. The index is reconstituted quarterly in February, May,
August and November, and is updated and published daily on the MSCI website.
The aim of the portfolio is to provide returns linked to the performance of the MSCI World Index
(“the 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,
the iShares Core MSCI World 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 at 09:00 Monday, 26 February 2018
Offer closes at 12:00 Tuesday, 6 March 2018
Ramp up period in respect of cash subscriptions commences Wednesday, 7 March 2018
Issue of letters of allocation* Wednesday, 7 March 2018
Publication of announcement on SENS as to the results of the Monday, 12 March 2018
initial offer
Publication of conversion ratios by 11:00 Monday, 12 March 2018
Listing Date at 09:00 Wednesday, 14 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 12:28:00 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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