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Final conversion ratio in respect of the amendments to PTXTEN and PTXSPY
CoreShares Index Tracker Managers (RF) Proprietary Limited
CoreShares PropTrax 10 ETF
Share code: PTXTEN
ISIN: ZAE000155362
CoreShares PropTrax SAPY ETF
Share code: PTXSPY
ISIN: ZAE000101911
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.
Notice and restrictions
CoreShares South African Property Income ETF participatory interests are not in any way sponsored,
endorsed, sold or promoted by the JSE or S&P Dow Jones Indices (“S&P”) and none of these parties
makes any warranty or representation whatsoever, expressly or implied, either as to the basis of
calculation of, or as to the results to be obtained from the use of the South Africa Property Income Index
and/or the value at which the said Index stands at any particular time on any particular day or otherwise.
The Index is compiled and calculated on behalf of and on the instructions of CITM by S&P. However,
S&P shall not be liable (whether in negligence or otherwise) to any person for any error in the index
and S&P shall not be under any obligation to advise any person of any error therein.
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The securities being issued pursuant to this announcement are not eligible for sale in the United States
or in any other jurisdiction in which trading in the securities would be illegal. The securities have not
been, and will not be, registered under the U.S. Securities Act of 1933, as amended, and the U.S.
Commodity Futures Trading Commission under the U.S. Commodity Exchange Act has not approved
trading in the securities. The securities may not be offered, sold or delivered within the United States or
to U.S. persons, nor may any U.S. person at any time trade or maintain a position in the securities.
Should you require any further assistance please send an email to info@coreshares.co.za
29 October 2019
Corporate advisor and sponsor: Grindrod Bank Limited
Trustee: Société Générale
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Date: 29/10/2019 10:30:00
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