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Fraction Rate 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").
FRACTION RATE 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 announcements released on SENS on 11 and 15 July 2024 and are further
advised that in addition to the to the 1.66402 10X Top50 ETF securities they are entitled to, they will be paid
a fractional entitlement in the instance where fractional ETF securities cannot be issued. This will be
equivalent to the fraction each individual is entitled to multiplied by the issue price of the 10X Top50 ETF
security determined as at market close on Friday, 12 July 2024. The cash fraction rate payment will be paid
by the fund and no securities will be sold in the market to fund the cash fraction rate payment.
The fractional entitlement will not have tax implications.
Example of fractional entitlement
Assuming an investor holds 1 10X SciBeta M-FI ETF security on Friday, 19 July 2024 (Record date), the
investor will receive 1 *1.66402 = 1.66402 10X Top50 ETF securities. This is rounded down to 1 securities.
The fraction of 0.66402 securities is paid at the fraction rate 0.66402 multiplied by issue price 3259.42000
cents per security = 2164.32007 cents per security.
Number of 10X Number of 10X Number of 10X Fractional Cash Payment
SciBeta M-FI ETF Top50 ETF securities Top50 ETF securities Entitlement (ETF Cents per security
securities held due as per issued Securities due – ETF
conversion ratio securities issued)
1 1.66402 1 0.664020 2164.32007
10 16.64020 16 0.640200 2086.68068
50 83.20100 83 0.201000 655.14342
500 832.01000 832 0.010000 32.59420
5000 8320.10000 8320 0.100000 325.94200
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 .
18 July 2024
Corporate advisor and sponsor: African Bank Limited (Business and Commercial Banking Division)
Trustee: FirstRand Bank Limited
Date: 18-07-2024 11:55:00
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.
