Indigenisation and Economic Empowerment Act updated as at 8th May 2015 1.7 “Deal note” means the form of receipt which shall be issued by the managers to the purchasers of units on the purchase of such units and to the sellers of units on the sale of such units; 1.8 “Dealing day” means the day of each week on which managers deal with applications for units, and on which they will redeem units, being any business day excluding Saturdays; 1.9 “Deposited property” means all the assets for the time being held on deemed to be held in trust in terms of this Schedule excluding any amount for the time being standing to the credit of the distribution account, to be constituted as provided in Part 8. 1.10 “Distribution account” means the distribution account referred to in paragraph 40.2; and “distribution statement” means the distribution statement referred to in paragraph 40.1 1.11 “Equalisation payment” means ⎯ 1.11.1 as regards a unit issued by the Board, the sum deemed by the managers, after consulting the Auditors, to represent amounts included in the issue price of such unit for income of the Unit Trust Account accrued up to the close of business on the grouping date; 1.11.2 as regards a unit surrendered for value and subsequently re-sold, a sum equivalent to the equalisation payment which would relate to a unit sold by the Board on the same date; 1.12 “Grouping date” means in relation to a unit issued by the Board or to a unit surrendered for value and subsequently resold the last business day of the previous calendar month; 1.13 “Investor” means any person who may buy units in the Unit Trust Account and shall not include a person who is not a citizen of Zimbabwe or a company whether foreign or local; 1.14 “Investment” means any investment of any nature whatever and includes, without derogating from the generality of the foregoing, any share, stock, bond, debenture, debenture stock or other security; 1.15 “Middle market price” shall be ascertained by reference to the Zimbabwe Stock Exchange share prices on the relevant day and shall be: 1.15.1 the sales price where a sales price is stated; 1.15.2 where there is no sales price stated, the average of the buyer and seller prices rounded up to the nearest cent; 1.15.3 where the buyer price only is stated, the buyer price, provided that if the price is⎯ 1.15.3.1 less than 1000 cents per share then 5 cents shall be added to the price; 1.15.3.2 not less than 1000 cents but less 5000 cents per share, then 50 cents shall be added to the price; 1.15.3.3 not less than 5000 cents per share, then 200 cents shall be added to the price; 1.15.4 where the seller price only is stated, the seller price provided that if the price is⎯ - 22 -