Wrap Text
Listing of the Newfunds S&P Namibia Bond ETF on the JSE and NSX – Amendment to timetable
The Newfunds Collective Investment Scheme in Securities
Newfunds S&P Namibia Bond ETF
JSE code: NFNAMB
NSX code: NFNAMA
ISIN: ZAE000276770
(“NF NAM 10 Bonds” 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.
LISTING OF THE NEWFUNDS S&P NAMIBIA BOND ETF ON THE JSE AND NSX – AMENDMENT TO
TIMETABLE
Investors are referred to the announcement (“Announcement”) released on 6 November
2019 in respect of the listing of the Newfunds S&P Namibia Bond ETF, and using the
definitions therein are advised that the Manager has amended the timetable included
in the Announcement (“Original Timetable”) to allow for a longer Ramp-Up Period.
The Ramp-Up Period is the period where underlying securities will be acquired by the
Newfunds S&P Namibia Bond ETF with the cash proceeds raised from the initial offer.
AMENDED TIMETABLE
The Manager has elected to extend the Ramp-Up Period by a week to allow for the
purchase of all underlying securities. The amended timetable (“Amended Timetable”)
is shown below.
SALIENT DATES AND TIMES AND FURTHER ANNOUNCEMENT
Original Timetable Amended Timetable
SENS announcements of Listing
Wednesday, 6 November 2019 Wednesday, 6 November 2019
Approval and posting/issue on
Opening date of Initial Offer
Monday, 11 November 2019 Monday, 11 November 2019
at 9:00 on:
Closing date of Initial Offer
Friday, 22 November 2019 Friday, 22 November 2019
at 12:00 on†:
Letters of allocation issued Monday, 25 November 2019 Monday, 25 November 2019
Publication of announcement on
SENS as to the results of the Monday, 25 November 2019 Monday, 25 November 2019
initial offer:
Settlement of the LA and
Monday, 25 November 2019 Monday, 25 November 2019
accounts at CSDP/Broker debited
Opening date of Ramp-Up Period
Monday, 25 November 2019 Monday, 25 November 2019
at 09:00 on:
Listing date (In Specie
Tuesday, 26 November 2019 Tuesday, 26 November 2019
Subscriptions) at 09:00 on#:
Closing date of Ramp-Up Period Wednesday, 4 December 2019
Wednesday, 27 November 2019
at 12:00 on*:
Conversion ratio published by Thursday, 5 December 2019
Thursday,28 November 2019
11:00 on
Additional listing date (cash Friday, 6 December 2019
Friday, 29 November 2019
subscription) at 09:00 on:
†Applicants should contact their professional investment advisor, JSE broker member, relevant broker on the
Namibian Stock Exchange, investment/trading platform, the participant broker or CSDP - to ascertain the
timing for submission of applications, as this will vary dependant on the professional investment advisor,
broker, investment/trading platform or CSDP in question.
# The Newfunds S&P Namibia Bond ETF will officially list on the JSE on Tuesday, 26 November 2019. The
additional listing of the participatory interests subscribed for as part of the cash subscription process,
will list on the JSE on Friday, 6 December 2019.
*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.
Notes:
1. One Letter of Allotment (“LA”) will be issued for every one Rand subscription
against a subscriber’s CSDP or broker account being debited with the Rand amount.
Once the Baskets have been acquired on behalf of the Portfolio, CSD will convert
the LA’s to Participatory Interests in the CSDP accounts in accordance with the
conversion ratio to be published on SENS.
2. An announcement of the initial offer price in respect of cash subscriptions and
the basis of allocations of participatory interests will be announced on Monday,
25 November 2019.
3. Late applications will not be accepted.
COPIES OF PORTFOLIO SUPPLEMENT
Copies of the Offering Circular and the Applicable Portfolio Supplement are available
on the NewFunds website: http://etfcib.absa.co.za/products/Pages/default.aspx
Johannesburg
18 November 2019
Market Maker
Absa Corporate and Investment Banking, a division of Absa Bank Limited
JSE Sponsor NSX Broker
Vunani Capital Cirrus Securities
Date: 18/11/2019 04:30:00
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