Satrix Announces Partial Delisting of SATRIXWDM Securities on JSE

  • Satrix Collective Investment Scheme announces partial delisting of 400,000 SATRIXWDM securities from JSE following the redemption of 4 Satrix WDM baskets.
  • The delisting reduces the total number of SATRIXWDM securities in circulation to 115,035,639.
  • Vunani Sponsors and PSG Wealth Management (Namibia) (Pty) Ltd serve as sponsors for the delisting, ensuring regulatory compliance and facilitating the transaction.
Published by
Lethabo Ntsoane

Satrix Collective Investment Scheme, has made a significant announcement today regarding the partial delisting of SATRIXWDM securities. The move follows the redemption of four Satrix World Feeder Portfolio baskets, resulting in the delisting of 400,000 securities from the Johannesburg Stock Exchange (JSE), effective immediately.

SATRIXWDM, identified by the JSE code STXWDM and NSX code SXNWDM, has played a pivotal role within the Satrix Collective Investment Scheme, a registered entity under the Collective Investment Schemes Control Act of 2002 (Act 45 of 2002). Known for its reliability and reputation in the investment industry, the scheme offers a range of investment opportunities to its clients.

The partial delisting has reduced the number of SATRIXWDM securities in circulation, leaving a total of 115,035,639 securities still available for trading. This adjustment is expected to have implications for the investment landscape, potentially leading to new opportunities for investors.

Join Our Newsletter
Subscribe to our newsletter and stay updated.

Sponsored

Start trading with a free $30 bonus

Unleash your trading potential with XM—your gateway to the electric world of financial markets! Get a staggering $30 trading bonus right off the bat, with no deposit required. Dive into a sea of opportunities with access to over 1000 instruments on the most cutting-edge XM platforms. Trade with zest, at your own pace, anytime, anywhere. Don't wait, your trading journey begins now! Click here to ignite your trading spirit!

Lethabo Ntsoane

Lethabo Ntsoane holds a Bachelors Degree in Accounting from the University of South Africa. He is a Financial Product commentator at Rateweb. He is an expect financial product analyst with years of experience in reviewing products and offering commentary. Lethabo majors in financial news, reviews and financial tips. He can be contacted: Email: lethabo@rateweb.co.za Twitter: @NtsoaneLethabo