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10X FUND MANAGERS (RF) PROPRIETARY LIMITED - Finalisation Announcement in respect of the Amalgamation of the 10X SCIBETA M-FI ETF with the 10X TOP50 ETF

Release Date: 09/07/2024 10:31
Code(s): CTOP50 SMART     PDF:  
Wrap Text
Finalisation Announcement in respect of the Amalgamation of the 10X SCIBETA M-FI ETF
with the 10X TOP50 ETF

10X Fund Managers (RF) Proprietary Limited
10X SciBeta M-FI ETF
Share code: SMART
ISIN: ZAE000269502

10X Top50 ETF
Share code: CTOP50
ISIN: ZAE000204327

Portfolios in the 10X Exchange Traded Fund Scheme registered as such in terms of the Collective Investment
Schemes Control Act, 45 of 2002 ("CISCA"), managed by 10X Fund Managers (RF) Proprietary Limited
("10X").

FINALISATION ANNOUNCEMENT IN RESPECT OF THE AMALGAMATION OF THE 10X SCIBETA M-FI ETF
WITH THE 10X TOP50 ETF

This announcement is important and requires the immediate attention of investors in the 10X Scientific Beta
Multi Factor Exchange Traded Fund ("10X SciBeta M-FI ETF ") and the 10X S&P SA Top50 Exchange Traded
Fund ("10X Top50 ETF") portfolios.

Investors are referred to the announcement released on SENS on 20 May 2024 and are advised the that the
majority of the investors who responded to the ballot voted in favour and that the Amalgamation were
successful.

A special interim distribution on both portfolios will take place due to the Amalgamation. The special interim
distribution timetables will be announced separately as per the salient dates detailed below.


1.     Finalisation of Amalgamation

       The Amalgamation will take effect from commencement of business on Wednesday, 17 July 2024.
       Copies of the existing 10X Top50 ETF Pricing Supplement, in English, may be obtained during normal
       business hours from the office of the local manager, 10X Fund Managers (RF) Proprietary Limited,
       located at 14th Floor, The Terraces, 34 Bree Street, Cape Town, 8001 and is available on the website:
       www.10x.co.za.


 Salient dates in respect of the Amalgamation are set out below:

     Timeline for the implementation of the Amalgamation                       2024

     Special and interim distribution announcements released on                Thursday, 11 July
     SENS
     Last Day to Trade in the 10X SciBeta M-FI ETF for the                      Tuesday, 16 July
     amalgamation and distributions
  Suspension of trading on the JSE of 10X SciBeta M-FI ETF (Share             Wednesday, 17 July
  Code: SMART; ISIN: ZAE000269502)

  Commencement of trading on the JSE in the 10X Top50 ETF                     Wednesday, 17 July
  (Share Code: CTOP50; ISIN: ZAE000204327)

  Fractional ratio announcement by 11:00                                       Thursday, 18 July

  Record Date                                                                    Friday, 19 July

  Accounts of dematerialised securities holders updated at their                 Monday, 22 July
  CSDPs or brokers

  Termination of trading of the 10X SciBeta M-FI ETF on JSE                     Tuesday, 23 July

  The trading history of 10X Top50 ETF as the Targeted Portfolio will be retained.

 NOTICE AND RESTRICTIONS

 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@10x.co.za .


09 July 2024
Corporate advisor and sponsor:          Grindrod Bank Limited
Trustee:                                FirstRand Bank Limited

Date: 09-07-2024 10:31:00
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.

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