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CORESHARES INDEX TRACKER MANAGERS (RF) PROPRIETARY LIMITED - Delisting of all LowVolTrax securities and removal of LowVolTrax from the JSE main board

Release Date: 30/07/2018 09:00
Code(s): LVLTRX     PDF:  
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Delisting of all LowVolTrax securities and removal of LowVolTrax from the JSE  main board

 CoreShares Index Tracker Managers (RF) Proprietary Limited
 CoreShares LowVolTrax ETF
 Share code: LVLTRX
 ISIN: ZAE000190112

 A portfolio in the CoreShares Index Tracker Collective Investment Scheme registered as such in terms of the
 Collective Investment Schemes Control Act, 45 of 2002, managed by CoreShares Index Tracker Managers
 (RF) Proprietary Limited (“CoreShares”)


DELISTING OF ALL LOWVOLTRAX SECURITIES AND REMOVAL OF LOWVOLTRAX FROM THE
JSE MAINBOARD

Holders of LowVolTrax securities are advised that the Manager has taken the decision to wind up the
LowVolTrax portfolio in terms of Section 102 of the Collective Investment Schemes Control Act, 45 of
2002 and to distribute all capital and income to holders of LowVolTrax securities.

CoreShares always endeavours to offer its clients the best possible investment solutions. It is
unfortunate that CoreShares must advise its clients of its intention to wind-up/delist the LowVolTrax
ETF. The LowVolTrax ETF was approved by the Financial Services Board (“FSB”) on 26 March 2014
and subsequently listed on the Johannesburg Stock Exchange. However, since the abovementioned
listing, the ETF has not enjoyed the commercial support which CoreShares had anticipated at the time
of launch. At the time of listing, Low Volatility ETFs were highly sort after on global exchanges. It is
therefore regrettable that the demand for a stand-alone factor index of this kind in the South African
market has not materialised as initially envisaged.

Holders of LowVolTrax securities will not be prejudiced in any way as they will be paid the Net Asset
Value of each LowVolTrax security. The process may trigger a Capital Gains Tax event. Investors are
required to contact their personal tax adviser for further assistance in this regard.

The salient dates for delisting of all LowVolTrax securities and the removal of LowVolTrax from the JSE
List are as follows:

    -   Declaration Date: Monday, 30 July 2018
    -   Finalisation Date: Monday, 6 August 2018
    -   Last day to trade: Tuesday, 14 August 2018
    -   Securities suspended from commencement of trade: Wednesday, 15 August 2018
    -   Record Date: Friday, 17 August 2018
    -   Pay Date: Monday, 20 August 2018
    -   Securities removed from the list: Tuesday, 21 August 2018

The amount of the distribution and nature thereof will be communicated to holders of LowVolTrax
securities on or before the Finalisation Date and will be paid on the Pay Date to all holders of
LowVolTrax securities who are recorded in the register on the Record Date.

Should investors have any questions or wish to analyse their CoreShares ETF options please email
info@coreshares.co.za or visit CoreShares.co.za.

30 July 2018

Sponsor
Grindrod Bank Limited

Date: 30/07/2018 09:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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