10X FUND MANAGERS (RF) PROPRIETARY LIMITED - Delisting of 3 500 000 10X Wealth GOVI ETF securities
What this filing means
10X Fund Managers has advised that 3 500 000 10X Wealth GOVI ETF securities will be delisted from the JSE at an issue price of R11.89 per security, leaving 302 973 297 securities in issue from Monday, 19 October 2026. The notice is a mechanical unit-count update for the bond ETF; it carries no statement on why the units are being cancelled or what it means for the fund's portfolio.
An ETF is a basket of securities that trades on the exchange, and its unit count changes as units are created or cancelled. This notice simply records that 3 500 000 units of the 10X Wealth GOVI ETF are coming off the JSE at R11.89 each, leaving 302 973 297 in issue. It tells you nothing about why, or about the fund's holdings or performance — it is bookkeeping, not news about value.
Bear case
- The filing gives no reason for the cancellation, so the cause of the unit reduction is undisclosed.
AI-generated summary by SENS-AI, based on the original JSE SENS filing.
SENS-AI conclusion
A mechanical unit-cancellation notice with no economic signal. The filing records the number of securities delisted, the issue price and the resulting securities in issue; it does not say why the units were cancelled, and it makes no statement about the fund's portfolio, tracking or performance. Nothing here changes a view on the fund or on the government bond exposure it tracks. So what: nothing changes on this filing; the fund's next portfolio and distribution disclosures are where any real information will sit.
No follow-up is needed from this notice; the fund's periodic portfolio and distribution disclosures are where any substantive information will appear.
Evidence from the filing
The notice records the delisting and issue price.
“Investors are advised that 3 500 000 10X Wealth GOVI ETF securities will be delisted on the JSE at an issue”
The resulting securities in issue are stated.
“Following the listing there will be 302 973 297 10X Wealth GOVI ETF securities in issue with effect from”
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