A portfolio in the CoreShares Index Tracker Collective Investment Scheme registered as such in terms of the Collective Investment Schemes Control Act, 45 of 2002, managed by CoreShares Index Tracker Managers (RF) Proprietary Limited (“CoreShares”).
FINAL CONVERSION RATIO IN RESPECT OF THE AMENDMENTS TO THE CORESHARES PROPERTY TOP TEN EXCHANGE TRADED FUND (“PTXTEN”) AND THE CORESHARES PROPTRAX SAPY ETF (“PTXSPY”)
Investors are referred to the announcement released on SENS on 10 October 2019 regarding the successful outcome of the second ballot voting procedures in relation to the Amendments and are advised that the final conversion ratio for CoreShares PropTrax SAPY ETF, determined as at market close on Monday, 28 October 2019, is 3.15965 CoreShares Property Top Ten ETF (PTXTEN) securities for every 1 security held in CoreShares Property SAPY ETF (PTXSPY). The CoreShares Property Top Ten ETF securities will convert in a one for one ratio to effect the name change to CoreShares South Africa Property Income ETF (CSPROP) securities.
The final conversion ratio was determined based on the issue prices of R47.10590 and R14.90860 per one CoreShares PropTrax SAPY ETF and one CoreShares Property Top Ten ETF security, respectively as at market close on Monday, 28 October 2019.
Any fractional entitlement in respect of the amalgamation/ conversion will be announced on Thursday, 31 October 2019, by 11h00.
