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 of 1.03477 was already announced on 27 July 2026, so this filing adds only the mechanical detail of how fractional entitlements will be settled: no fractional securities will be issued, and investors will instead receive cash at R9.08100 per fractional security, based on holdings at the Record Date of Friday, 23 October 2026. The rate is derived from RWAGP's last closing price before LDT + 1 of R10.09000, less 10%.
This notice follows the earlier ballot-results and conversion-ratio announcements for the RWDVF-RWAGP amalgamation. It specifies the cash settlement rate for fractional entitlements: investors who held RWDVF units will get 1.03477 RWAGP units for each one, and any leftover fraction will be paid in cash at R9.08100 per fractional unit instead of being issued as a tiny sliver of a unit.
AI-generated summary by SENS-AI, based on the original JSE SENS filing.
SENS-AI conclusion
A mechanical step in a previously announced amalgamation. The conversion ratio was published on 27 July 2026, and this filing only sets the cash rate for fractional entitlements that cannot be issued as whole securities. There is no new economic information that changes the value of the transaction or the funds involved. So what: nothing changes for investors beyond the administrative detail of how their fractional entitlement will be settled in cash.
The Record Date of Friday, 23 October 2026 is when holdings will be measured for the fractional cash settlement.
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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