Satrix ILBI Delists 3 Million Securities from JSE in Redemption Move

  • Satrix ILBI Portfolio (STXILB) has partially delisted 3 million securities from the JSE.
  • The delisting follows the redemption of three STXILB baskets, reducing the total number of securities in circulation to 55,015,615.
  • Vunani Sponsors acted as the JSE Sponsor, facilitating the smooth delisting process.

In a significant move, SATRIX COLLECTIVE INVESTMENT SCHEME has announced the partial delisting of its Satrix ILBI Portfolio (JSE code: STXILB, ISIN code: ZAE000240123) from the Johannesburg Stock Exchange (JSE). This delisting follows the redemption of three STXILB baskets, and Vunani Sponsors, the JSE Sponsor for the event, facilitated the process.

The Satrix ILBI Portfolio, registered under the Satrix Collective Investment Scheme, adheres to the regulations set forth by the Collective Investment Schemes Control Act, 45 of 2002. Effective immediately at the start of business today, 3,000,000 STXILB securities have been delisted from the JSE. As a result, the total number of STXILB securities in circulation now stands at 55,015,615.

The delisting of these securities represents a notable development for the Satrix ILBI Portfolio and its investors. With the redemption of three STXILB baskets, these securities have been removed from the JSE. This action may have implications for the liquidity and trading dynamics of the remaining securities within the portfolio.

The Satrix ILBI Portfolio is renowned for offering investors exposure to a diversified basket of inflation-linked bonds. These bonds act as a safeguard against inflation, making them an appealing investment option for those aiming to preserve the value of their assets.

The partial delisting of the STXILB securities can be seen as a strategic move by SATRIX COLLECTIVE INVESTMENT SCHEME to manage the supply and demand dynamics of its ETF. By redeeming three baskets and delisting 3,000,000 securities, the scheme aims to strike a balance between available securities and investor demand.

While the delisting may have short-term implications for investors, it is important to note that the Satrix ILBI Portfolio remains a viable investment option. Investors will still have access to the remaining 55,015,615 STXILB securities, allowing them to participate in the performance of the underlying inflation-linked bonds.

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