PRESCIENT MANAGEMENT COMPANY (RF) PROPRIETARY LIMITED - Listing of Additional PMXINC Securities
What this filing means
The JSE has approved the listing of 415,056 additional PMXINC securities with effect from today, at an issue price of approximately R11.68 per security, taking the PortfolioMetrix Active Income Prescient Actively Managed ETF to 122,775,923 securities in issue. The notice records a mechanical change in the fund's unit count and states no cause for the creation, so it carries no view on the fund's holdings or prospects.
The fund has issued more units, which are now listed and tradable alongside the existing ones. The notice tells you how many and at what price, but not why they were created — so there is nothing here about how the fund's portfolio is performing or what it holds.
AI-generated summary by SENS-AI, based on the original JSE SENS filing.
SENS-AI conclusion
A mechanical unit-creation notice with no economic signal. It confirms the number of new PMXINC securities, the issue price and the enlarged total in issue, and nothing more — the filing does not say what prompted the creation. Useful for reconciling unit counts, not for forming a view on the fund. So what: nothing changes in the investment case here; the fund's periodic portfolio and distribution disclosures are where its economics actually show up.
The fund's next portfolio and distribution disclosure is where its actual income and holdings will be visible.
Evidence from the filing
The notice records the unit creation and price only.
“The JSE has approved the listing of additional 415,056 PMXINC securities with effect from today, at an issue price of approximately R11.68 per security”
The enlarged total in issue is stated.
“Following the listing of the 415,056 securities, there will be 122,775,923 PMXINC securities in issue.”
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