PRESCIENT MANAGEMENT COMPANY (RF) PROPRIETARY LIMITED - Listing of Additional ORBIGG Securities
What this filing means
The JSE has approved the listing of 585,189 additional ORBIGG securities in the Oribi Global Growth Prescient Actively Managed ETF, effective today, at an issue price of approximately R10.56 per security. That takes the securities in issue to 23,564,009. The notice states unit counts and a price and nothing about why the units were created, so it carries no economic signal for holders.
The fund has added 585,189 new units to the ones already in existence, priced at roughly R10.56 each, and they start trading today. More units means the fund is bigger in unit count, but the notice does not say what prompted the creation or what it means for the portfolio, so there is nothing here to act on.
Bear case
- Missing evidence: the notice states unit counts and an issue price only; it gives no reason for the creation and no portfolio or performance detail.
AI-generated summary by SENS-AI, based on the original JSE SENS filing.
SENS-AI conclusion
A mechanical unit-creation notice: 585,189 new ORBIGG securities list at approximately R10.56 each, lifting the count in issue to 23,564,009. The filing gives no cause for the creation and no portfolio or performance detail, so it is a record of a change in unit count rather than a view on the fund. So what: nothing changes in the investment case here, and the notice provides no portfolio or performance detail with which to assess the recorded CPI+6% benchmark.
This administrative listing notice states unit counts and an issue price only, and provides no stated basis for an investment action.
Evidence from the filing
The notice records the new units, the price and the resulting count in issue.
“The JSE has approved the listing of additional 585,189 ORBIGG securities with effect from today,”
The issue price is stated at approximately R10.56 per security.
“at an issue price of approximately R10.56 per security.”
Total securities in issue after the listing.
“Following the listing of the 585,189 securities, there will be 23,564,009 ORBIGG securities in”
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 PWMEXI Securities
- PRESCIENT MANAGEMENT COMPANY (RF) PROPRIETARY LIMITED - Listing of Additional PMXINC Securities
- PRESCIENT MANAGEMENT COMPANY (RF) PROPRIETARY LIMITED - Listing of Additional PREGIP Securities