Cape Town Stock Exchange- (CTSE-) listed diversified agricultural and related industries company TWK Investments will also list its shares for trade on A2X Markets stock exchange.

The collaboration between the CTSE and the A2X means that listed companies, for the first time, will be able to choose how to access both the retail and wholesale markets in South Africa, TWK and A2X state.

“TWK is excited about the opportunity to complement our listing on the CTSE with a listing on the A2X. We see this secondary listing as an opportunity to attract potential new investors, grow liquidity in our shares and broaden our shareholder base,” says TWK CFO Eddie Fivaz.

TWK, which has a market capitalisation of about R1.4-billion, retains its listing on the CTSE and its issued share capital will be unaffected by its secondary listing on the A2X. Its shares will be available for trade on the A2X from November 30.

TWK is a diversified group of companies operating in the agriculture, forestry, grain, financial services and motor and tyre industries that delivers value-adding products and services to agricultural and related industries. It operates over a wide geographic area across South Africa and forms a crucial component in the agricultural value chain which includes research, sustainable farming practices and agricultural innovation.

“TWK’s listing on A2X is an important milestone for the stock exchange industry. Not only does it provide TWK with a platform to access the institutional asset management market but it will be the first cross-listing in SA between two alternative exchanges. For the first time, a company looking to list can consider an alternative exchange and gain access to both retail and wholesale markets,” says A2X Markets CEO Kevin Brady.

TWK is the first company from the agricultural sector to list on the A2X, he adds.

TWK’s listing on November 30 will bring the number of instruments available for trade on A2X to 57, with a combined market capitalisation of about R5-trillion.