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NFEVOL - Results of the initial offer for participatory interests in the NewFunds Low Volatility Equity ETF
NEWFUNDS COLLECTIVE INVESTMENT SCHEME IN SECURITIES establishment of the
NEWFUNDS LOW VOLATILITY EQUITY ETF
JSE Share Code: NFEVOL
ISIN: ZAE000252458
(“NewFunds Low Volatility Equity ETF” or the “Portfolio”)
A Portfolio under the NewFunds Collective Investment Scheme in Securities (“NewFunds”) registered as
such in terms of the Collective Investment Schemes Control Act, 45 of 2002 and managed by NewFunds
(RF) Proprietary Limited (Registration Number 2005/034899/07) (the “Manager”).
RESULTS OF THE INITIAL OFFER FOR PARTICIPATORY INTERESTS IN THE NEWFUNDS LOW
VOLATILITY EQUITY ETF
Further to the announcement released on SENS on 15 December 2017 regarding the listing approval of
the Portfolio and the timetable for the initial offer (“Offer”) of the participatory interests, the Manager
hereby announces the results of the Offer.
1. Total subscription
The total subscription in the amount of ZAR 30,540,000.00 (thirty million five hundred and forty thousand)
was received in respect of the Offer. One letter of allocation (“LA”) will be issued for every Rand
subscribed to the subscriber’s CSDP or broker account on Monday, 19 March 2018, and the
corresponding Rand amount debited.
2. Conversion ratio of the LA
The LAs will be converted to NewFunds Low Volatility Equity ETF participatory interests in the
subscribers’ CSDP or broker accounts in terms of the conversion ratios that will be published on Friday,
23 March 2018. The ratio of the participatory interest will equate to approximately 1/10th (one tenth) of the
index level during the ramp-up period as set out in the Portfolio Supplement.
Johannesburg
16 March 2018
Market Maker and JSE sponsor
Absa Corporate and Investment Banking, a division of Absa Bank Limited
Date: 16/03/2018 02:32:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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