Implementation of the Change to the Portfolio Name and Index
SATRIX COLLECTIVE INVESTMENT
Satrix Quality South Africa Portfolio
Share code: STXQUA
A portfolio in the Satrix Collective Investment Scheme, registered
as such in terms of the Collective Investment Schemes Control Act,
45 of 2002
IMPLEMENTATION OF THE CHANGE TO THE PORTFOLIO NAME AND INDEX
Holders of Satrix Quality securities are referred to the communication
sent out by the Satrix Collective Investment Scheme on 14
September 2023 regarding the proposed name change of the portfolio
and the change of the underlying index which the Satrix Quality South
Africa Portfolio tracks.
The change in the name to Satrix Quality South Africa ETF and change
to the Satrix Quality Index has become effective as from
Friday, 01 December 2023.
As per the SENS Announcement, the implementation of the Satrix
Quality Index as the new index which the ETF tracks has had no effect
on either the number of issued Satrix Quality securities, or
the value of each Satrix Quality security.
There is however a difference in the closing index levels of the
S&P Quality South Africa Index and the Satrix Quality Index which
required that an adjustment be made to the amount that each Satrix
Quality security represents of the Satrix Quality Index.
Therefore, to cater for the difference in the closing index levels a
factor of 61.97656 ("Adjustment Factor") was calculated.
Previously each Satrix Quality security tracking the S&P Quality
South Africa Index represented 1/1000th of the index level plus an
amount which reflects a pro rata portion of any accrued distribution
amount within the portfolio.
Post the implementation of the new index, each Satrix Quality
security tracking the Satrix Quality Index will now represent
1/1000th of the index level multiplied by the Adjustment Factor of
61.97656 (the adjustment factor) plus an amount which reflects a pro
rata portion of any accrued distribution amount within the portfolio.
01 December 2023
Date: 01-12-2023 03:40:00
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