In a significant development for the Satrix Collective Investment Scheme, a partial delisting of Satrix 40 securities has been implemented on the Johannesburg Stock Exchange (JSE) effective today. The delisting, which removes 400,000 Satrix 40 securities from the exchange, has adjusted the total number of securities in circulation to 188,491,991.
The Satrix 40 portfolio, identified by its JSE code STX40 and ISIN code ZAE000027108, is a prominent entity within the Satrix Collective Investment Scheme, registered in accordance with the Collective Investment Schemes Control Act, 45 of 2002.
Delistings are events that impact the availability of a particular security for trading on an exchange. In this case, the 400,000 Satrix 40 securities have been removed from the JSE, leading to a reduction in the overall number of securities available for trading.
While the reasons for the partial delisting were not explicitly stated in the announcement, such actions can occur due to a variety of factors. Possible reasons might include corporate restructurings, compliance issues, or changes in the investment strategy of the collective investment scheme.
The Satrix 40 portfolio is widely recognized as a leading investment option in South Africa, offering investors exposure to the performance of the top 40 companies listed on the JSE. By tracking the FTSE/JSE Top 40 Index, the Satrix 40 portfolio provides a diversified and cost-effective investment solution for market participants.
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