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CLOUD ATLAS (RF) PROPRIETARY LIMITED - Cloud Atlas S&P African Sovereign Bond ETF (ASBI ETF) And Ami Big50 Ex-SA ETF (BIG50 ETF) Update Announcement

Release Date: 03/08/2023 12:30
Code(s): ASBI AMIB50     PDF:  
Wrap Text
Cloud Atlas S&P African Sovereign Bond ETF (“ASBI ETF”) And Ami Big50 Ex-SA ETF (“BIG50 ETF”) Update Announcement

Cloud Atlas (RF) Proprietary Limited
The Cloud Atlas Collective Investment Scheme in Securities
S&P African Sovereign Bond ETF
JSE code: ASBI
ISIN: ZAE000297354
(“ASBI ETF”)

and

Cloud Atlas (RF) Proprietary Limited
The Cloud Atlas Collective Investment Scheme in Securities
AMI Big50 ex-SA ETF
JSE code: AMIB50
ISIN: ZAE000242582
(“Big50 ETF”)


CLOUD ATLAS S&P AFRICAN SOVEREIGN BOND ETF (“ASBI ETF”) AND AMI BIG50 EX-SA ETF (“BIG50
ETF”) UPDATE ANNOUNCEMENT


Unitholders are referred to the ABSI ETF announcement published on SENS on 9 September 2022
and the subsequent updates of such announcement, latest published on SENS on 23 May 2023 in
which they were advised that, the ASBI ETF is under consideration by the issuer for winding up, as it
has not achieved the scale necessary to achieve its investment objective and financial feasibility. On
3 July 2023, Cloud Atlas (RF) (Pty) Ltd, in its capacity as the manager of the Cloud Atlas scheme,
applied to the Financial Sector Conduct Authority for the winding up of the ASBI ETF.

Unitholders are further referred to the Big50 ETF announcement published on SENS on 24 March
2023 and the update of such announcement, published on SENS on 23 May 2023, in which they
were advised that, the Big50 ETF can no longer be an open-ended fund, as required in terms of
paragraph 19.62 (a) of the JSE Listing Requirements, and that trading in the secondary market will be
impacted and investors will not be able to trade. On 3 July 2023, Cloud Atlas (RF) (Pty) Ltd, in its
capacity as the manager of the Cloud Atlas scheme, applied to the Financial Sector Conduct
Authority for the winding up of the Big50 ETF.

The ASBI ETF and the Big50 ETFs are still currently under suspension from trading and Unitholders
will be advised of information with regards to winding up applications of the ASBI ETF and the Big50
ETF when more information is available.


3 August2023

Sponsor
Vunani Sponsors

Date: 03-08-2023 12:30:00
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