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Listing Of The Satrix Smart City Infrastructure Feeder Etf On The Main Board Of The Jse Limited (“Jse”) - STXCTY
2022/06/27 15:30:00Download PDF Stock report
Listing Of The Satrix Smart City Infrastructure Feeder Etf On The Main Board Of The Jse Limited (“Jse”) - STXCTY
SATRIX COLLECTIVE INVESTMENT SCHEME
SATRIX SMART CITY INFRASTRUCTURE FEEDER ETF
JSE Code: STXCTY
ISIN: ZAE000311577
('Satrix Smart City Infrastructure' 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 SMART CITY INFRASTRUCTURE FEEDER ETF AND THE
SCHEME REFERENCING THE STOXX GLOBAL SMART CITY INFRASTRUCTURE 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.
1. Introduction
Satrix Smart City Infrastructure participatory interests provide the
investors exposure to developed and emerging market companies that
provide services and solutions for development and efficient running
of Smart City infrastructure in a sustainable manner.
2. Listing approval
Approval for the listing of the participatory interest in the
portfolio was granted by the JSE on 17 June 2022.
3. Summary of the offer
3.1. Issuer
Satrix Smart City Infrastructure, 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: ZAE000311577
3.3. Share code: STXCTY
3.4. Long name: Satrix Smart City Infrastructure Feeder
ETF
3.5. Abbreviated name: SATRIXCTY
3.6. Index
Launched in June 2013, the STOXX Global Smart City
Infrastructure Index tracks the performance of companies
deploying the physical structures and facilities needed as
urban development gets more intelligent and efficiency-
focused. As such, the index targets two global thematic
trends: that of smart cities and of infrastructure. As cities
in the digital era are faced with expanding populations,
limited natural resources, rapidly changing technology and the
need to protect the environment, new facilities are required
to address challenges and exploit innovative means of
transport, housing, energy, waste management and
communications. 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 (FOLs).
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 Tuesday, 28 June
2022
4.2. Closing date of the initial offer at 12:00 on Thursday, 14
July 2022
4.3. Ramp up period in respect of cash subscriptions commences on
Friday, 15 July 2022
4.4. Settlement of Letters of allocation on Monday, 18 July 2022
4.5. Publication of announcement on SENS as to the results of the
initial offer on Tuesday, 19 July 2022
4.6. Publication of conversion ratio on Thursday, 21 July 2022
4.7 Ramp up period in respect of in specie subscriptions, Monday,
25 July 2022
4.8. Listing date at 9:00 on Tuesday, 26 July 2022
* 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
on www.satrix.co.za
27 June 2022
Satrix Managers (RF) Pty Limited
JSE Sponsor
Vunani
Date: 27-06-2022 03:30:00
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