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Listing of Sygnia Itrix Solactive Healthcare 150 ETF Participatory Interests

2021/07/22 10:03:00

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                    Listing of Sygnia Itrix Solactive Healthcare 150 ETF Participatory Interests

The Sygnia Itrix Collective Investment Scheme in Securities
Sygnia Itrix Solactive Healthcare 150 ETF
JSE code: SYGH
Short name: SYGDMH150
ISIN code: ZAE000300521
(“SYGH”)

A portfolio in the Sygnia Itrix Collective Investment Scheme in Securities,
registered as such in terms of the Collective Investment Schemes Control Act, 45 of
2002.

Listing of Sygnia Itrix Solactive Healthcare 150 ETF Participatory Interests

The information as it appears below has been extracted from the Programme Memorandum
in respect of the Sygnia Itrix Collective Investment Scheme in Securities and the
Supplement relating to the Sygnia Itrix Solactive Healthcare 150 ETF and utilises
the terms and definitions contained therein unless otherwise specified.

1. Introduction

The JSE Limited (“JSE”) has approved the listing on the Main Board of the JSE,
participatory interests in the Sygnia Itrix Solactive Healthcare 150 ETF which aims
to track the Solactive Developed Markets Healthcare 150 Index and is an ETF in the
Sygnia Itrix Collective Investment Scheme in Securities and shall be managed by
Sygnia Itrix (RF) Proprietary Limited.

2. The Solactive Developed Markets Healthcare 150 Index

The Solactive Developed Markets Healthcare 150 Index intends to track the performance
of the largest 150 companies from the Healthcare Industry and is based on the
Solactive Global Benchmark Series. Constituents are selected and weighted based on
free float market capitalization.

3.   General

The Programme Memorandum and the Supplement document are available during normal
business hours at the registered office of the Manager, 7th Floor, The Foundry,
Cardiff Street, Green Point, Cape Town, 8001 from Thursday, 22 July 2021. The
Programme Memorandum and the Supplement will also be available on the Manager’s
website www.sygnia.co.za.

4. Salient dates and times

SENS announcement of approval of listing                         Thursday, 22 July 2021
Opening date of the initial offer at    09:00 on                 Friday 23 July 2021
Closing date of the initial offer at 12:00 on*                   Monday, 26 July 2021
Letters of allocation issued                                     Tuesday, 27 July 2021
Settlement of Letters of Allocation+                             Wednesday, 28 July 2021
Publication of announcement on SENS as to the results of the
initial offer:                                                   Wednesday, 28 July 2021
Ramp up period in respect of cash subscriptions commences at
09:00 on:                                                        Thursday 29 July 2021
Ramp up period in respect of cash subscriptions closes at        Tuesday, 03 Aug 2021
12:00 on:**
Publication of conversion ratio by 11:00 on:                     Wednesday, 04 Aug 2021
Listing date in respect of in specie and cash subscriptions
at 09:00 on                                                      Friday, 06 Aug 2021

*Applicants should contact their broker or CSDP to ascertain the timing for
submission of applications as this will vary dependent on the broker or CSDP in
question.

**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.

One letter of allotment 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 ETF Constituents have been acquired, Strate will convert the letter of
allotment to Sygnia Itrix Solactive Healthcare 150 ETF participatory interests in
the CSDP accounts in accordance with the conversion ratios to be published on SENS
on Wednesday,4 August 2021.

Sygnia Itrix Solactive Healthcare 150 ETF participatory interests will be issued in
dematerialised format only.


5. The Initial Offer

The initial offer is an initial public offering to investors regarding an investment
in Sygnia Itrix Solactive Healthcare 150 ETF participatory interests.

The initial offer is not an offer in any jurisdiction in which it is illegal to make
this initial offer and in those circumstances the Programme Memorandum and Supplement
are issued for information purposes only.

5.1    Conditions of the Initial Offer

•     Once an application has been submitted it is irrevocable and as such may not be
      withdrawn.
•     All subscriptions for Sygnia Itrix Solactive Healthcare 150 ETF participatory
      interests will be treated as primary market acquisitions.
•     All subscribers for Sygnia Itrix Solactive Healthcare 150 ETF participatory
      interests must have a valid account with a broking member of the JSE. Subscribers
      that do not have an account with a JSE member can contact any broker registered
      with the JSE to open an account. A list is available on the JSE website being
      www.jse.co.za.

5.2    Participating in the Initial Offer

To participate in the initial offer for Sygnia Itrix Solactive Healthcare 150 ETF
participatory interests, you must contact your JSE accredited broker.

5.3    The Issue Price of a Sygnia Itrix Solactive Healthcare 150 ETF Participatory
       Interest

The issue price of each Sygnia Itrix Solactive Healthcare 150 ETF participatory
interests will be the cost of acquiring the underlying portfolio less any applicable
costs, divided by the number of participatory interests.
5.4   Discharging the Issue Price during the Initial Offer

The price payable by an investor if he subscribes for securities during the period
of the initial offer may be settled by a payment in cash in Rands or via an in-
specie subscription.

5.5   Minimum Subscriptions

The Sygnia Itrix Solactive Healthcare 150 ETF is an open-ended fund and hence there
is no maximum amount regarding the Sygnia Itrix Solactive Healthcare 150 ETF
participatory interests available for purchase.

In respect of cash subscriptions, there is no minimum subscription amount, however
an investor should be able to buy at least one Sygnia Itrix Solactive Healthcare 150
ETF participatory interest.

Participatory interests will be issued in dematerialised form only.


22 July 2021

Corporate Adviser and Sponsor
Vunani Sponsors

Date: 22-07-2021 10:03:00
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