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NFEVAL - Conversion Ratio and listing of NewFunds Value Equity ETF Participatory Interests
NEWFUNDS COLLECTIVE INVESTMENT SCHEME IN SECURITIES establishment of the
NEWFUNDS VALUE EQUITY ETF
JSE Share Code: NFEVAL
ISIN: ZAE000252466
(“NewFunds Value 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”).
CONVERSION RATIO AND THE LISTING OF THE NEWFUNDS VALUE EQUITY ETF
PARTICIPATORY INTERESTS
Further to the announcement released on SENS on Friday, 16 March 2018 regarding the results of the
initial public offer (the “offer”) for subscription of participatory interests in the Portfolio, the Manager
hereby announces the conversion ratio and the listing of the participatory interests.
Investors will be entitled to 0.0987 (the “conversion ratio”) NewFunds Value Equity ETF participatory
interests for every letter of allocation (“LA”) issued. The LAs will be converted to NewFunds Value Equity
ETF participatory interests in the subscriber’s CSDP or broker account.
The Portfolio will issue 3 317 497 (three million three hundred and seventeen thousand four hundred and
ninety seven) participatory interests, 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 R10.00 per participatory interest, to commence trading on 26 March 2018. The ratio of the
participatory interest equates to approximately 1/10th (one tenth) of the index level during the ramp-up
period as set out in the Portfolio Supplement.
Johannesburg
23 March 2018
Market Maker and JSE sponsor
Absa Corporate and Investment Banking, a division of Absa Bank Limited
Date: 23/03/2018 02:26:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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