Industrial processing, distribution and services company Barloworld will list its shares for trade on A2X from June 7.
With a market capitalisation (cap) of over R16-billion, Barloworld will retain its primary listing on the JSE and its issued share capital will remain unaffected by its secondary listing on A2X.
“At Barloworld, we are continuously looking for new ways to sustain long-term value creation for all of our stakeholders. Our listing on A2X is another example of this as it will give Barloworld shareholders the opportunity to enjoy the benefits offered by trading shares on a second exchange in South Africa through A2X.
"These benefits include added liquidity, lower exchange fees and narrower spreads,” says Barloworld CEO Dominic Sewela.
The listing of Barloworld will bring the number of instruments listed on A2X to 133 with a combined market cap of over R9-trillion.