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Transaction Capital to list on A2X

3rd September 2019

By: Creamer Media Reporter

     

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Financial services provider Transaction Capital, with a market cap of R13.5-billion, has been approved for a secondary listing on A2X Markets.
 
Transaction Capital is an active investor in and operator of credit-orientated alternative assets managed by experienced entrepreneurial management teams employing a rigorous value-led investment approach to generate risk-adjusted interest returns and capital appreciation whilst delivering social value.

“Transaction Capital’s secondary listing on A2X supports free market principles and offers enhanced choice to investors in an efficient and low-cost manner. As an innovative and entrepreneurial business, Transaction Capital is pleased to list on this pioneering platform,” Transaction Capital CEO David Hurwitz says.

“Transaction Capital is a well-managed business, delivering earnings growth in high double-digit figures even in a tough economic environment. This listing on A2X reaffirms a commitment to their shareholders and we look forward to having them on board,” adds A2X CEO Kevin Brady.
 
The Transaction Capital listing, which will take effect on September 10, will bring the number of securities available for trade on A2X to 29.

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Edited by Chanel de Bruyn
Creamer Media Online Managing Editor

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