NewGold Debentures Partially De-Listed, Trading Dynamics Awaited

  • NewGold Issuer (RF) Limited has successfully de-listed 300,000 NewGold Debentures, effective immediately.
  • The total number of NewGold Debentures in circulation now stands at 53,977,939 after the de-listing.
  • The de-listing is expected to impact the trading dynamics and liquidity of NewGold Debentures on the Johannesburg Stock Exchange (JSE) and the Namibian Stock Exchange (NSX).
NewGold Debentures

NewGold Issuer (RF) Limited made a significant announcement today regarding the partial de-listing of NewGold Debentures. The company successfully completed the de-listing process for 300,000 NewGold Debentures, which took effect immediately.

NewGold Debentures, listed on the Johannesburg Stock Exchange (JSE) under the share code GLD and on the Namibian Stock Exchange (NSX) under the share code NGNGLD, offer investors an opportunity to invest in gold through a listed security. With the de-listing of these debentures, the total number of NewGold Debentures in circulation now stands at 53,977,939.

This strategic move by NewGold is expected to have an impact on the trading dynamics and liquidity of the company’s debentures on both the JSE and NSX. The decision to de-list a portion of the debentures is a common practice among issuers, aimed at aligning their business objectives with investor demand and market conditions.

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