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CORESHARES INDEX TRACKER MANAGERS (RF) PROPRIETARY LIMITED - Ballot procedures in respect of amendment to investment policy of PTXTEN and amalgamating CoreShares PTXSPY

Release Date: 23/05/2019 09:00
Code(s): PTXTEN PTXSPY     PDF:  
Wrap Text
Ballot procedures in respect of amendment to investment policy of PTXTEN and amalgamating CoreShares PTXSPY

CoreShares Index Tracker Managers (RF) Proprietary Limited
CoreShares PropTrax 10 ETF
Share code: PTXTEN
ISIN: ZAE000155362

CoreShares PropTrax SAPY ETF
Share code: PTXSPY
ISIN: ZAE000101911

Portfolios 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”).


BALLOT PROCEDURES IN RESPECT OF (1) THE AMENDMENT OF THE INVESTMENT POLICY
OF THE CORESHARES PROPERTY TOP TEN EXCHANGE TRADED FUND (“PTXTEN”); AND (2)
AMALGAMATING THE CORESHARES PROPERTY SAPY EXCHANGE TRADED FUND WITH
CORESHARES PROPERTY TOP TEN EXCHANGE TRADED FUND.

Investors are referred to the announcement released on SENS on 17 May 2019, regarding the ballot
voting procedures in respect of the amendment of the Investment policy and name change of the
CoreShares Property Top Ten ETF, and the amalgamating/ conversion of the CoreShares Property
SAPY ETF with the CoreShares Property Top Ten ETF (the “Amendments”) and are advised of the
updated salient dates in respect of the Amendments, as set out below:
    Expected timeline for the implementation of the Amendments                                 2019

    Record date for the ballot voting procedures regarding the Amendments             Friday, 10 May
    Declaration Data SENS announcement of approval of the Amendments                  Friday, 17 May

    Last day of investors to return / respond to their JSE brokers/ CSDPs on         Friday, 28 June
    whether they approve the Amendments or not1

    Last day for investors/ their JSE brokers/ CSDPs to return / respond to the      Friday, 28 June
    Auditors on whether they approve the Amendments or not, by close of
    business1
    Deadline for Auditors to submit the findings report to Coreshares                 Friday, 05 July

    CoreShares to submit the Auditor’s findings report to FSCA                      Monday, 09 July

    FSCA to advise CoreShares to submit signed supplemental deeds for               Monday, 15 July
    approval
    Results of ballot SENS announcement1        and 2(last   date for release of   Tuesday, 23 July
    announcement)

    Determination of CoreShares PropTrax SAPY ETF final conversion ratio at         Monday, 29 July
    market close on

    Announcement of final conversion ratio of CoreShares PropTrax SAPY             Tuesday, 30 July
    ETF on SENS before 11:00

    Last Day to Trade in the CoreShares PropTrax Ten ETF, in respect of the        Tuesday, 30 July
    amendment of the investment policy and the name change to the new
    CoreShares SAProp Income ETF

                                                   1
   Last Day to Trade in the CoreShares PropTrax SAPY ETF, in respect of               Tuesday, 30 July
   the amalgamation/ conversion to the new CoreShares SAProp Income
   ETF
   Suspension of trading of the CoreShares PropTrax Ten ETF on the JSE             Wednesday, 31 July

   Suspension of trading of the CoreShares PropTrax SAPY ETF on the JSE            Wednesday, 31 July

   Commencement of trading in the CoreShares SAProp Income ETF on the              Wednesday, 31 July
   JSE (New ISIN: ZAE000273165; Share Code:CSPROP)
   Announcement of any fractional entitlement in respect of the                     Thursday, 1 August
   amalgamation/ conversion of the CoreShares PropTrax SAPY ETF to the
   new CoreShares SAProp Income ETF before 11:00 on3
   Record date                                                                        Friday, 02 August

   Accounts of dematerialised securities holders updated at their CSDPs or          Monday, 05 August
   brokers
   Payment of fractional entitlements to security holders of CoreShares             Monday, 05 August
   PropTrax SAPY ETFs
   Termination of trading of CoreShares PropTrax Ten and CoreShares                Tuesday, 06 August
   PropTrax SAPY ETFs on the JSE

   Notes:
    1.     Investors are reminded that, as set out in the supplement and SENS announcement dated 17
           May 2019, the Amendments are subject to investor approval through the ballot voting
           procedures. The above dates are the expected dates, should the ballot voting procedures be
           successful.


         2. In the event that the first ballot voting procedures are unsuccessful, due to a quorum not
             being obtained, a second round of ballot voting procedures may be implemented. Should
             this be the case, a new expected timeline for the second ballot voting procedures and
             implementation of the Amendments will be announced on SENS, in due course.


    3.     The cash value for any fractional entitlement that could result from the conversion/
           amalgamation of the CoreShares PropTrax SAPY ETF securities, will be determined using
           the weighted average traded price for Wednesday, 31 July 2019 (LDT+1), less 10%.


Should you require any further assistance please send an email to info@coreshares.co.za


23 May 2019


Corporate advisor and sponsor:           Grindrod Bank Limited
Trustee:                                 Société Générale




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Date: 23/05/2019 09:00:00 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
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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,
 information disseminated through SENS.

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