Listing Of The Satrix MSCI China Feeder Portfolio And The Scheme Referencing The MSCI China Index on the JSE -STXCHN
SATRIX COLLECTIVE INVESTMENT SCHEME
SATRIX MSCI CHINA FEEDER PORTFOLIO
JSE Code: STXCHN
(‘Satrix MSCI China’ or the ‘Portfolio’)
A portfolio in the Satrix Collective Investment Scheme, registered
as such in terms of the Collective Investment Schemes Control Act,
45 of 2002.
LISTING OF THE SATRIX MSCI CHINA FEEDER PORTFOLIO AND THE SCHEME
REFERENCING THE MSCI CHINA INDEX ON THE MAIN BOARD OF THE JSE
LIMITED (“JSE”) IN THE EXCHANGE TRADED FUND SECTOR.
This announcement is issued for information purposes only relating
to the listing of the portfolio on the JSE.
Satrix MSCI China participatory interests provide the investors
exposure to approximately 85% of the Chinese stock market via large
and mid-cap Chinese stock.
2. Listing approval
Approval for the listing of the participatory interest in the
portfolio was granted by the JSE on 30 June 2020.
3. Summary of the offer
Satrix MSCI China, a portfolio in the Satrix Collective
Investment Scheme in Securities, registered in terms of the
Collective Investment Schemes Control Act, No 45 of 2002.
3.2. ISIN: ZAE000288361
3.3. Share code: STXCHN
3.4. Long name: Satrix MSCI China Feeder Portfolio
3.5. Abbreviated name: SATRIXCHN
Launched in October 1995, the MSCI China Index represents
exposure to approximately 85% of the Chinese stock market with
direct investment into large and mid-cap Chinese stocks. The
index constituents are weighted by the security free-float
adjusted market capitalization calculated based on the Foreign
Inclusion Factor (FIF) and subject to Foreign Ownership Limits
3.7. Distribution or accounting period
The underlying fund reinvests the income from the constituents
in the index and therefore does not distribute.
3.8. The ramp up period
It is the period during which the manager will procure the
acquisition of baskets with the cash proceeds from the initial
offer and will be announced at the close of the offer.
4. Salient dates and times
4.1. Opening date of the initial offer at 09:00 on Wednesday, 01
4.2. Closing date of the initial offer at 12:00 on Wednesday, 15
4.3. Ramp up period in respect of cash subscriptions commences on
Thursday, 16 July 2020
4.4. Settlement of Letters of allocation on Thursday, 16 July 2020
4.5. Publication of announcement on SENS as to the results of the
initial offer on Friday, 17 July 2020
4.6. Publication of conversion ratio on Monday, 20 July 2020
4.7 Ramp up period in respect of in specie subscriptions, Tuesday
21 July 2020
4.8. Listing date at 9:00 on Wednesday, 22 July 2020
* One letter of allocation (“LA”) will be issued for every Rand
subscription against a subscriber’s CSDP or broker account
being debited with the Rand amount. Once the baskets of Index
constituents have been acquired, STRATE will convert the LAs
to Satrix securities in the CSDP accounts in terms of the
conversion ratios that will be published on SENS.
5. Copies of the supplement to the programme memorandum
A supplement to the programme memorandum detailing this offer is
available on the website of the Satrix Collective Investment Scheme
30 June 2020
Satrix Managers (RF) Pty Limited
Date: 30-06-2020 05:35:00
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