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Listing of Sygnia Itrix S&P Global 1200 ESG ETF Participatory Interests
The Sygnia Itrix Collective Investment Scheme in Securities
Sygnia Itrix S&P Global 1200 ESG ETF
JSE code: SYGESG
Short name: SYGSPESG
ISIN code: ZAE000296778
(“SYGESG”)
A portfolio in the Sygnia Itrix Collective Investment Scheme in Securities,
registered as such in terms of the Collective Investment Schemes Control Act, 45 of
2002.
Listing of Sygnia Itrix S&P Global 1200 ESG ETF Participatory Interests
The information as it appears below has been extracted from the Programme Memorandum
in respect of the Sygnia Itrix Collective Investment Scheme in Securities and the
Supplement relating to the Sygnia Itrix S&P Global 1200 ESG ETF and utilises the
terms and definitions contained therein unless otherwise specified.
1. Introduction
The JSE Limited (“JSE”) has approved the listing on the Main Board of the JSE,
participatory interests in the Sygnia Itrix S&P Global 1200 ESG ETF which aims to
track the S&P Global 1200 ESG Index and is an ETF in the Sygnia Itrix Collective
Investment Scheme in Securities and shall be managed by Sygnia Itrix (RF) Propriety
Limited
2. The S&P Global 1200 ESG Index
The S&P Global 1200 ESG Index is a broad-based, market-cap-weighted index that is
designed to measure the performance of securities meeting sustainability criteria,
while maintaining similar overall industry group weights as the S&P Global 1200 ESG
Index. The S&P Global 1200 ESG Index was constructed to provide a risk and return
profile similar to that of the S&P Global 1200 Index, while improving the ESG
characteristics. The index targets 75% of the float market capitalization of each
GICS industry group within the S&P Global 1200 Index, using the S&P DJI ESG Scores
for the constituent selection. Certain exclusions are also made based on criteria
detailed in the methodology. The S&P DJI ESG Scores employ data gathered through
Sygnia Asset Management’s Corporate Sustainability Assessment, which Sygnia Asset
Management has developed and administered over 20 years.
3. General
The Programme Memorandum and the Supplement document are available during normal
business hours at the registered office of the Manager, 7th Floor, The Foundry,
Cardiff Street, Green Point, Cape Town, 8001 from Wednesday, 24 March 2021. The
Programme Memorandum and the Supplement will also be available on the Manager’s
website www.sygnia.co.za.
4. Salient dates and times
SENS announcement of approval of listing Wednesday, 24 March 2021
Opening date of the initial offer at 09:00 on Thursday, 25 March 2021
Closing date of the initial offer at 12:00 on* Friday, 26 March 2021
Letters of allocation issued Monday, 29 March 2021
Settlement of Letters of Allocation+ Tuesday, 30 March 2021
Publication of announcement on SENS as to the results of
Tuesday, 30 March 2021
the initial offer:
Ramp up period in respect of cash subscriptions commences
Wednesday, 31 March 2021
at 09:00 on:
Ramp up period in respect of cash subscriptions closes at
Thursday, 8 April 2021
12:00 on:**
Publication of conversion ratio by 11:00 on: Friday, 9 April 2021
Listing date in respect of in specie and cash
Monday, 12 April 2021
subscriptions at 09:00 on
*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.
**The duration of the Ramp-Up Period may be extended depending on prevailing market
liquidity, in which event the Listing Date in respect of Cash Subscriptions will
occur on a later date.
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 convert the letter of
allotment to Sygnia Itrix S&P Global 1200 ESG ETF participatory interests in the
CSDP accounts in accordance with the conversion ratios to be published on SENS on
Friday, 9 April 2021.
Sygnia Itrix S&P Global 1200 ESG ETF participatory interests 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 Sygnia Itrix S&P Global 1200 ESG ETF participatory interests.
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 Sygnia Itrix S&P Global 1200 ESG ETF participatory interests
will be treated as primary market acquisitions.
• All subscribers for Sygnia Itrix S&P Global 1200 ESG ETF participatory interests
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 Sygnia Itrix S&P Global 1200 ESG ETF
participatory interests, you must contact your JSE accredited broker.
5.3 The Issue Price of a Sygnia Itrix S&P Global 1200 ESG ETF Participatory Interest
The issue price of each Sygnia Itrix S&P Global 1200 ESG ETF participatory interests
will be the cost of acquiring the underlying portfolio less any applicable costs,
divided by the number of participatory interests.
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 settled by a payment in cash in Rands or via an in-
specie subscription.
5.5 Minimum Subscriptions
The minimum cash subscription amount is R10 000.
The Sygnia Itrix S&P Global 1200 ESG ETF is an open-ended fund and hence there is
no maximum amount regarding the Sygnia Itrix S&P Global 1200 ESG ETF participatory
interests available for purchase.
Participatory interests will be issued in dematerialised form only.
24 March 2021
Sponsor
Vunani Sponsors
Date: 24-03-2021 03:13:00
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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,
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