PRESCIENT MANAGEMENT COMPANY (RF) PROPRIETARY LIMITED - Listing of Additional ADXWWE Securities
What this filing means
The JSE has approved the listing of 405,090 additional ADXWWE securities, effective today, at an issue price of approximately R10.01 per security. After the listing, the Adviceworx Worldwide Equity Prescient Actively Managed ETF will have 129,272,382 securities in issue. The notice states unit counts and an issue price and nothing about what prompted the creation, so it carries no economic signal for holders.
This is the fund's manager telling the market that more units of the ETF now exist and have been listed on the JSE. It is a mechanical update to the unit count, not a statement about how the fund performed or why the units were created — the notice does not say.
Bear case
- No portfolio, performance or asset-value information is disclosed, so the creation cannot be assessed economically.
AI-generated summary by SENS-AI, based on the original JSE SENS filing.
SENS-AI conclusion
A mechanical unit-creation notice with no economic content for an existing holder: it records that 405,090 more ADXWWE securities were listed at roughly R10.01 each and that 129,272,382 are now in issue. It says nothing about the fund's performance, its portfolio or the reason for the creation, so there is nothing here to re-price. So what: nothing changes in the investment case; the fund's next published portfolio and price data are where its actual performance shows up.
No follow-up is needed from this notice; the fund's regular portfolio and price publications are where its performance is reported.
Evidence from the filing
The notice records the additional securities and issue price.
“The JSE has approved the listing of additional 405,090 ADXWWE securities with effect from today, at an issue price of approximately R10.01 per security.”
The resulting total securities in issue.
“Following the listing of the 405,090 securities, there will be 129,272,382 ADXWWE 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 ORBIGG 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