NewGold Announces Partial De-Listing: Boosting NewPlat ETF Stability

• NewGold Issuer (RF) Limited, operating as NewPlat, has partially de-listed 1.3 million NewGold Platinum Debentures from the market, resulting in a reduced total of 48.3 million debentures.
• The de-listing aims to adjust the supply and demand dynamics of NewPlat ETFs and enhance the liquidity and stability of the remaining shares.
• Absa Corporate and Investment Bank sponsors NewGold on the JSE, while Cirrus Securities serves as the NSX sponsor for the NewPlat ETF.

NewGold Issuer (RF) Limited made a significant announcement today regarding the partial de-listing of its NewGold Platinum Debentures. Effective immediately, the company has removed 1.3 million NewGold Platinum Debentures from the market, signaling a noteworthy change in its share structure.

NewGold, a prominent South African company registered as NewGold Issuer (RF) Limited with the registration number 2004/014119/06, is well-known for its exchange-traded funds (ETFs). Among its investment offerings, the NewGold Platinum Debentures, referred to as the NewPlat ETF, hold a special place. The company is listed on the Johannesburg Stock Exchange (JSE) under the share code NGPLT and on the NSX Stock Exchange (NSX) under the share code NGNPLT. The International Securities Identification Number (ISIN) for the NewGold Platinum Debentures is ZAE000177580.

This development reduces the total number of NewGold Platinum Debentures in circulation to 48.3 million. The de-listing aims to recalibrate the supply and demand dynamics of NewPlat ETFs in the market. Industry observers and stakeholders will closely monitor the impact of this adjustment on the price and trading activity of the remaining debentures.

By partially de-listing its NewGold Platinum Debentures, NewPlat aims to strategically manage its market presence. The reduction in available debentures is expected to enhance the liquidity and stability of the remaining shares, potentially benefiting both existing and future investors.

Market participants and investors will closely observe the subsequent market response to this development. The adjustment in share structure may influence the supply and demand dynamics of NewPlat ETFs, which could impact their market value. Additionally, this change may stimulate renewed interest and trading activity surrounding the NewGold Platinum Debentures.