Truworths to list shares on A2X
JSE-listed retail group Truworths International will list its shares for trade on A2X Markets from December 5, and will retain its listings on the JSE and the NSX.
Neither of its listings, nor Truworths’ issued share capital, will be affected by the secondary listing on A2X, the company said.
“At Truworths, we have a consistent focus on creating long-term value for our stakeholders. By listing Truworths’ shares on A2X, we will not only provide our shareholders with the choice of an additional platform on which to transact, but also offer them the opportunity to capture the savings accrued through their lower exchange fees and narrower spreads,” Truworths Group CEO Michael Mark says.
Truworths is an investment holding company whose companies are engaged in the retailing of fashion apparel and accessories, footwear and homeware in South Africa and in the UK.
“We are pleased to welcome Truworths to A2X. Truworths is an iconic retailer with a remarkable history spanning over 100 years. Such longevity is testament to management’s ability to recognise opportunity and adapt to the needs of the marketplace. The listing on A2X is another example of this,” says A2X CEO Kevin Brady.
The listing will bring the number of instruments listed on A2X to 92 with a combined market capitalisation of R5.3-trillion.
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