Johannesburg, In a recent financial maneuver on the Johannesburg Stock Exchange (JSE), the Sygnia Itrix Global Property ETF (SYGP), a portfolio under the Sygnia Itrix Collective Investment Scheme, has executed a partial delisting of 691,633 of its securities. The delisting, effective from the commencement of business today, was conducted at an approximate price of ZAR 48.28 per security.
The Sygnia Itrix Global Property ETF, registered in accordance with the Collective Investment Schemes Control Act, 45 of 2002, has adjusted its presence on the JSE through this strategic move. Before this action, the ETF had a larger quantity of securities available to investors.
Post-delisting, the total number of SYGP securities in circulation stands at 15,806,270. This reduction in available securities is part of the fund’s ongoing adjustments within the market.
The operation was facilitated by Vunani Sponsors, who acted as the JSE Sponsors for this transaction, ensuring that all regulatory guidelines and requirements were meticulously followed. This event marks a significant adjustment in the ETF’s strategy and offerings on the Johannesburg Stock Exchange.