Index Change Advice 20190918 Scheme of Arrangement between Arrowhead Properties and Gemgrow Properties Ltd B

2019/09/11 17:09:47
SENS announcement for JSE listed company: JSE General
                        

Index Change Advice ? 20190918 Scheme of Arrangement between Arrowhead Properties and Gemgrow Properties Ltd B:
Arrowhead Properties (South Africa): Scheme of Arrangement with
Gemgrow Properties Ltd B (South Africa)
FTSE/JSE Africa Index Series

11 September 2019
Further to the FTSE/JSE notice released on 30 August 2019 and subject to the completion of the scheme
of arrangement in relation to the reverse takeover of Gemgrow Properties Ltd B (South Africa, GPB,
ZAE000223277, FTSE/JSE non constituent) by Arrowhead Properties (South Africa, FTSE/JSE Small Cap
constituent, AWA, ZAE000203105), please see details of affected indexes and effective dates below:

Effective From
Index Change
Start of Trading
FTSE/JSE Small Cap Index (J202) Arrowhead Properties (South Africa, 18 September 2019
ZAE000203105) will be deleted from the
index.

Gemgrow Properties Ltd B (South Africa,
ZAE000223277) will be added to the
index with a shares in issue total of
862,972,768* and an investability
weighting of 95.330000082004%*.

FTSE/JSE All Share Index (J203) Arrowhead Properties will be deleted 18 September 2019
from the index.

Gemgrow Properties Ltd B will be added
to the index as detailed above.

FTSE/JSE Fledgling Index (J204) Gemgrow Properties Ltd A (South Africa, 18 September 2019
ZAE000223269) will be deleted from the
index.

FTSE/JSE RAFI All Share Index Arrowhead Properties will be deleted 18 September 2019
(J263) from the index.

FTSE/JSE RAFI All Share Capped Arrowhead Properties will be deleted 18 September 2019
Index (J283) from the index.

FTSE/JSE Capped All Share Index Arrowhead Properties will be deleted 18 September 2019
(J303) from the index.

Gemgrow Properties Ltd B will be added
to the index as detailed above.

FTSE/JSE Style Index (J330 and Arrowhead Properties will be deleted 18 September 2019
J331) from the index.

Gemgrow Properties Ltd B will be added
to the index as detailed above.
Effective From
Index Change
Start of Trading
FTSE/JSE SA REIT Index (J805) Arrowhead Properties will be deleted 18 September 2019
from the index.

Gemgrow Properties Ltd B will be added
to the index as detailed above.

FTSE/JSE All-Share Minimum Arrowhead Properties will be deleted 18 September 2019
Variance Index (J703) from the index.

FTSE/JSE All Share Comprehensive Arrowhead Properties will be deleted 18 September 2019
Factor Index (J203CF) from the index.

FTSE/JSE All Share Yield Factor Arrowhead Properties will be deleted 18 September 2019
Index (J203DF) from the index.

FTSE/JSE All Share Low Volatility Arrowhead Properties will be deleted 18 September 2019
Focused Factor Index (J203LF) from the index.

FTSE/JSE All Share Momentum Arrowhead Properties will be deleted 18 September 2019
Factor Index (J203MF) from the index.

FTSE/JSE All Share Quality Factor Arrowhead Properties will be deleted 18 September 2019
Index (J203QF) from the index.

FTSE/JSE All Share Size Factor Arrowhead Properties will be deleted 18 September 2019
Index (J203SF) from the index.

FTSE/JSE All Share Value Factor Arrowhead Properties will be deleted 18 September 2019
Index (J203VF) from the index.

FTSE/JSE All Share Volatility Factor Arrowhead Properties will be deleted 18 September 2019
Index (J203VOF) from the index.

FTSE/JSE Shareholder Weighted All Arrowhead Properties (South Africa, 18 September 2019
Share Index (J403) BX9CVM6) will be deleted from the
index.

Gemgrow Properties Ltd B (South Africa,
BD5CXL3) will be added to the index
with a shares in issue total of
862,972,768 and an investability
weighting of 95.330000082004%.

FTSE/JSE Capped Shareholder Arrowhead Properties will be deleted 18 September 2019
Weighted All Share Index (J433) from the index.

Gemgrow Properties Ltd B will be added
to the index as detailed above.

FTSE/JSE SA All Property Index Arrowhead Properties will be deleted 18 September 2019
(J803) from the index.

Gemgrow Properties Ltd B will be added
to the index as detailed above.

*The number of shares and investability weight for Gemgrow Properties Ltd B is based on the merger
terms of 0.8237 new Gemgrow B shares for every Arrowhead Properties share held.

Please note: Gemgrow Properties Ltd B will replace Arrowhead Properties within all existing market
cap weighted FTSE Russell Indexes with index shares based on terms received. It will be added at a
price based on the Arrowhead Properties close price adjusted by the offer terms (i.e. the transaction
will be market cap neutral).

Gemgrow Properties Ltd B will be added to the index with an ICB classification of 8671 (Industrial &
Office REITs) effective 18 September 2019.

The ICB classification for Gemgrow Properties Ltd B will be updated to 8674 (Diversified REITs)
effective 20 September 2019.

For further information please contact FTSE Russell Client Services at info@ftserussell.com or indices@jse.co.za or call:

Australia +1800 653 680
Hong Kong +852 2164 3333
Japan +81 3 4563 6346
London +44 (0) 20 7866 1810
New York +1866 551 0617

JSE Limited +27 11 520 7000

Alternatively please visit our website at www.ftserussell.com or www.ftsejse.co.za

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Date: 11/09/2019 05:10:00
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