NewGold Debentures: Strategic De-listing Enhances Liquidity

  • NewGold Issuer (RF) Limited initiates a partial de-listing of 100,000 NewGold Debentures.
  • The strategic move aims to optimize the company's financial structure and enhance market liquidity.
  • After the de-listing, there will be 48,777,939 NewGold Debentures in circulation.
NewGold Debentures

In a strategic move to optimize its financial structure and enhance market liquidity, NewGold Issuer (RF) Limited has taken the decision to partially de-list 100,000 NewGold Debentures. The de-listing process commenced on August 2, 2023, and has significant implications for both the company and its investors.

Debentures, the long-term debt instruments issued by NewGold, have garnered popularity due to their association with gold, a precious metal often considered a safe-haven asset and a hedge against economic uncertainties. As NewGold aims to strengthen its financial position and streamline its capital management, the company has chosen to reduce the number of outstanding Debentures to 48,777,939.

NewGold DebenturesBefore De-ListingAfter De-Listing
Number in Issue100,00048,777,939

The move to de-list a portion of the Debentures is expected to enhance the tradability of the remaining securities, providing investors with increased flexibility in buying and selling these assets. It also allows the company to offer a clearer picture of the available investment opportunities.

The decision to initiate the partial de-listing was met with interest and discussions within the investment community. Analysts and stakeholders have been closely monitoring NewGold’s financial strategies as they adapt to the dynamic economic landscape. As a result of this strategic decision, the company signals its confidence in future demand for its gold-backed securities.

The precious metals market has been gaining traction as investors seek stable and resilient assets amidst economic uncertainties. Gold, in particular, has been favored as a hedge against inflation and currency fluctuations. With fewer NewGold Debentures available in the market, experts anticipate a potential increase in demand, potentially influencing the securities’ value and potential returns.

During this partial de-listing process, Absa Corporate and Investment Bank, a division of Absa Bank Limited, has been appointed as the Joint Sponsor for the Johannesburg Stock Exchange (JSE). On the other hand, Cirrus Securities has taken up the role of Sponsor for the Namibian Stock Exchange (NSX).

As the dust settles on this strategic move, investors will be closely monitoring NewGold’s performance and analyzing the impact of the de-listing on its overall financial health. The company’s management has assured stakeholders that the decision was taken after careful evaluation and consideration of the market dynamics.

Investors are advised to approach this development with caution and seek guidance from financial advisors before making investment decisions. The partial de-listing presents new opportunities for those looking to invest in the precious metals market, but it also comes with inherent risks associated with any financial decision.

Visited 1 times, 1 visit(s) today

Stay ahead in the financial world – Sign Up to Rateweb’s essential newsletter for free. Get the latest insights on business trends, tech innovations, and market movements, directly to your inbox. Join our community of savvy readers and never miss an update that could impact your financial decisions.

Do you have a news tip for Rateweb reporters? Please email us at


Start trading with a free $30 bonus

Trade stocks, forex, commodities, metals and CFDs on stock indices with an internationally licensed and regulated broker. For all clients who open their first real account, XM offers a $30 trading bonus without any initial deposit needed. Learn more about how you can trade over 1000 instruments on the XM MT4 and MT5 platforms from your PC and Mac, or from a variety of mobile devices.


Personal Financial Tools

Below is a list of tools built to assist South Africans to make the best financial decisions:



South Africa’s primary source of financial tools and information

Contact Us


Rateweb strives to keep its information accurate and up to date. This information may be different than what you see when you visit a financial institution, service provider or specific product’s site. All financial products, shopping products and services are presented without warranty. When evaluating offers, please review the financial institution’s Terms and Conditions.

Rateweb is not a financial service provider and should in no way be seen as one. In compiling the articles for our website due caution was exercised in an attempt to gather information from reliable and accurate sources. The articles are of a general nature and do not purport to offer specialised and or personalised financial or investment advice. Neither the author, nor the publisher, will accept any responsibility for losses, omissions, errors, fortunes or misfortunes that may be suffered by any person that acts or refrains from acting as a result of these articles.