ALLAN GRAY UNIT TRUST MANAGEMENT (RF) PROPRIETARY LIMITED - Listing of Additional AGOGE Securities
What this filing means
The JSE has approved the listing of 189,204 additional AGOGE securities, the Allan Gray Orbis Global Equity Feeder Actively Managed ETF, with effect from today at an issue price of approximately R11.66 per security. That takes the securities in issue to 16,332,578. This is a mechanical unit creation: it changes the number of securities on the register, and the filing gives no cause for the creation and no economic information about the fund.
This notice records that 189,204 additional AGOGE securities were listed at approximately R11.66 each, bringing the total in issue to 16,332,578. It tells you nothing about why the units were created or how the fund's investments performed — it is bookkeeping, not a view on the portfolio.
Bear case
- Missing evidence: the filing does not disclose the cause of the unit creation.
AI-generated summary by SENS-AI, based on the original JSE SENS filing.
SENS-AI conclusion
No economic signal here. The notice records a unit creation — 189,204 new AGOGE securities listed at about R11.66 each, bringing the total in issue to 16,332,578 — and nothing more. It does not say why the units were created, and it carries no information on the fund's holdings, performance or price relative to its benchmark. Useful as a register update for anyone tracking units in issue; not a reason to change a view on the fund. So what: nothing changes in the investment case, and the fund's own periodic reporting is where its performance against its benchmark will show.
The fund's next periodic report is where its performance against its benchmark will be shown; this notice settles only the unit count.
Evidence from the filing
The notice records the size and price of the listing.
“The JSE has approved the listing of additional 189,204 AGOGE securities with effect from today, at an issue price of approximately R11.66 per security”
The resulting total securities in issue is disclosed.
“Following the listing of the 189,204 securities, there will be 16,332,578 AGOGE securities in issue.”
Related filings
Other ETF Unit Creation
- PRESCIENT MANAGEMENT COMPANY (RF) PROPRIETARY LIMITED - Listing of Additional OYSTER Securities
- PRESCIENT MANAGEMENT COMPANY (RF) PROPRIETARY LIMITED - Listing of Additional ADXWWE Securities
- PRESCIENT MANAGEMENT COMPANY (RF) PROPRIETARY LIMITED - Listing of Additional ORBIGG Securities
- PRESCIENT MANAGEMENT COMPANY (RF) PROPRIETARY LIMITED - Listing of Additional PWMEXI Securities
- PRESCIENT MANAGEMENT COMPANY (RF) PROPRIETARY LIMITED - Listing of Additional PMXINC Securities