The Sygnia Itrix Eurostoxx50 ETF (JSE Code: SYGEU) has announced a significant development in its operations, with the partial delisting of 400,000 securities from the Johannesburg Stock Exchange (JSE). Effective today, the delisting process commenced at an approximate price of ZAR 89.02 per security.

The Sygnia Itrix Eurostoxx50 ETF, registered as a portfolio in the Sygnia Itrix Collective Investment Scheme in Securities under the Collective Investment Schemes Control Act, 45 of 2002, aims to streamline its operations and optimize its investment strategy through this strategic move.

Following the partial delisting, the total number of SYGEU securities in circulation will amount to 33,825,298. This reduction in securities aims to create a more focused and efficient investment environment for the ETF, enabling it to align more closely with its investment objectives and provide enhanced value to its investors.

By taking this decisive step, the Sygnia Itrix Eurostoxx50 ETF demonstrates its commitment to adapt and respond to evolving market conditions. The ETF’s management believes that by carefully managing its portfolio, the fund will ensure sustainable growth and deliver attractive returns to its shareholders.

The strategic delisting will allow the Sygnia Itrix Eurostoxx50 ETF to concentrate its resources and streamline its operations, enhancing its ability to deliver strong performance to investors. It underscores the ETF’s dedication to aligning its offerings with market demand and maximizing shareholder value.