PRESCIENT MANAGEMENT COMPANY (RF) PROPRIETARY LIMITED - Fraction rate in respect of amalgamation of RWDVF and RWAGP
What this filing means
Prescient Management Company has published the fraction rate for the amalgamation of the Reitway Global Property Diversified Prescient ETF (RWDVF) into the Reitway Global Property Actively Managed Prescient ETF (RWAGP). The final conversion ratio is 1.03477 RWAGP securities for every 1 RWDVF security held, and fractional entitlements will be settled in cash at R9.08100 per fractional security. This is a mechanical step in a previously announced amalgamation, not a new economic event.
When two ETFs merge, investors in the disappearing fund get securities in the surviving fund. Because the conversion ratio rarely produces whole numbers, the leftover fraction is paid in cash. This notice tells RWDVF holders exactly what that cash rate is: R9.08100 per fractional security. It is a housekeeping step in a merger that was already announced and voted on.
AI-generated summary by SENS-AI, based on the original JSE SENS filing.
SENS-AI conclusion
This is a mechanical disclosure in an already-announced amalgamation. The 1.03477 conversion ratio was previously published, while this notice supplies the applicable R9.08100 cash-settlement rate for fractional entitlements. The filing states the fraction rate was calculated by taking RWAGP's last closing price before LDT + 1 of R10.09000 and deducting 10%, but does not characterise the deduction as standard or penalty-free. So what: nothing changes for investors who already understood the amalgamation terms; the notice simply confirms the cash settlement rate for fractional entitlements.
Cash settlement of fractional entitlements will be based on RWDVF holdings as at the 23 October 2026 Record Date.
Evidence from the filing
Verbatim anchor from the filing, retained so this analysis stays checkable against the source.
“The final conversion ratio that was published is 1.03477. Accordingly, for every 1 RWDVF security held, investors will receive 1.03477 RWAGP securities.”
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