ETFBND 201905310082A
ETFBND-New Listing
STANLIB Collective Investments Limited
(Registration number 1969/003468/06)
("STANLIB" or "the Manager")
(being the manager of the STANLIB ETF)
STANLIB SA BOND ETF (": ETFSBOND")
(being a portfolio under the STANLIB Collective Investment Scheme ("STANLIB CIS") registered in the
Republic of South Africa in terms of the Collective Investment Schemes Control Act, 45 of 2002
("CISCA"))
Share Code: ETFBND
Abbreviated Name: ETFSBOND
ISIN: ZAE000265625
LISTING OF THE STANLIB SA BOND ETF IN THE EXCHANGE TRADED FUND SECTOR ON THE
MAIN BOARD OF THE JSE LIMITED ("JSE")
1. INTRODUCTION
This announcement is issued in compliance with paragraph 19.27 of the JSE Listings Requirements
for information purposes, following the JSE approving the listing of participatory interests in the
STANLIB SA BOND ETF .
The information set out below has been extracted from the STANLIB ETF Programme Memorandum
issued by the Manager on 12 October 2010 ("the Programme Memorandum"), and updated 30
August 2018 and the STANLIB STANLIB SA BOND ETF supplement issued on 5 June 2019 ("the
Supplement"), and relates to:
i. the offer for 200,000 of participatory interests in the ETFSBOND a portfolio within the STANLIB
CIS, providing investors with exposure to the S&P South Africa Sovereign Bond 1+Year Index ("the
Offer"); and
ii. these will be issued at R69.67 which may still change depending on the movement of the
underlying index
iii. the subsequent listing of participatory interests in the "Exchange Traded Funds" sector on the
JSE.
2. STRUCTURE
The ETFBND portfolio is managed by STANLIB, an approved manager of Collective Investment
Schemes and as such is governed in terms of CISCA. The Manager has entered into an agreement
with the Asset Manager, Stanlib Asset Management Limited, in terms of which the Asset Manager will
monitor changes to the index constituents and execute transactions to reflect these changes on
behalf of the Manager. Societe Generale will act as the independent Trustee and will fulfil its duties as
specified in CISCA and the Regulations thereto.
3. SUMMARY OF THE OFFER
3.1. Issuer: STANLIB SA BOND ETF,, being a portfolio under the STANLIB CIS
3.2. ISIN: ZAE000265625
3.3. Share code: ETFBND
3.4. Issue Price: R69,67 (which may change based on the movement of the underlying Index)
3.5. Long name: STANLIB SA BOND ETF
3.6. Abbreviated name: ETFSBOND
3.7. Index and Investment Policy:
The S&P South Africa Sovereign Bond 1+ Year Index tracks local currency denominated
Sovereign debt issued by the Government of South Africa in its domestic market with maturity of
1 year or more The index is reconstituted quarterly in February, May, August and November,
and is updated and published daily on the S&P Dow Jones Indices website.
The aim of the portfolio is to provide returns linked to the performance of the S&P South Africa
Sovereign Bond 1+Year Index ("the Index") in terms of both price performance as well as
income from the underlying investments. The portfolio will aim to track the performance of the
index as closely as feasibly and practically possible.
In order to achieve the abovementioned objective, the portfolio will generally invest in all of the
component securities of the index in proportion to their weighting in the index and will under
normal circumstances aim to invest at least 90% of its total assets in the shares, or equivalent
securities, composing the index.
The proceeds generated from the issuing of the securities will be used to purchase constituent
securities of the index, in the same proportions, so as to replicate the capital and income return
of the underlying index.
The composition of the portfolio will be compared to the composition of the index on a daily
basis, taking into account any investment contributions or withdrawals to and from the portfolio,
the receipt of any dividends for reinvestment, the effect of any corporate actions and its impact
on the composition of the portfolio relative to that of the index.
*One letter of allocation ("LA") will be issued for every Rand subscription against a subscribers
CSDP or broker account being debited with the Rand amount. Once the underlying index
constituents have been acquired, the LAs will convert to ETF securities in terms of the conversion
ratios that will be published on SENS.
4. DOCUMENTATION
Copies of the Programme Memorandum and the Supplement can be obtained from the offices of the
Manager being, 17 Melrose Boulevard, Melrose Arch, 2196 during normal office hours, or on the
STANLIB website at https://indexinvestments.stanlib.com/the-knowledge-centre/etf-information, prior
to listing.
The distribution of the Supplement and the offer or sale of participatory interests may be restricted by
law in certain jurisdictions. Persons in whose possession the Supplement or any other participatory
interests come must inform themselves about, and observe, any such restrictions. In particular there
are restrictions on the distribution of the Supplement and the offer or sale of participatory interests in
the United Kingdom and the Republic of South Africa.
Johannesburg
31 May 2019
Investment Bank and Sponsor
The Standard Bank of South Africa Limited
Date: 31/05/2019 03:46:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS. |