67.3 Million New Units Added to PAXX, Total Now 78.6 Million

Scheme Completion and Unit Issuance

Platinum Asia Fund Complex ETF (ASX – PAXX) has taken a major step forward following the implementation of a scheme of arrangement involving Platinum Asia Investments Limited (ASX – PAI). Under this arrangement, shareholders of PAI exchanged their shares for new units in the PAXX ETF, resulting in the issuance of 67,305,118 new units. This significant capital restructuring brings the total number of units on issue to 78,604,680, marking a substantial increase in the fund's size.

Market Implications and Tradability

The newly issued units will become tradable on the ASX starting 26 August 2025, offering investors immediate liquidity and the ability to participate in the ETF’s future performance. This expansion in unit count could enhance the ETF’s market depth and potentially improve trading volumes, making it more attractive to both retail and institutional investors seeking exposure to Asian markets through a managed fund structure.

Valuation Transparency

Investors holding the new units can assess their investment value by referencing the PAXX trading price on the ASX or the net asset value (NAV) published by Platinum Investment Management Limited. This dual valuation approach provides transparency and helps investors make informed decisions based on market pricing or underlying asset values.

Strategic Context and Outlook

While the announcement focuses on the mechanics of the unit issuance and scheme completion, it also signals Platinum Investment Management’s commitment to consolidating its Asian investment offerings under the PAXX ETF umbrella. This move could streamline investor access to Asian equities and potentially position the fund for further growth. However, the broader market reaction and strategic implications will become clearer as trading activity unfolds and additional disclosures emerge.