Retailer Pepkor Holdings has been approved for a secondary listing on A2X Markets, with its shares to be available for trade on the exchange from April 2.
Pepkor Holdings is listed on the JSE and its listing and issued share capital will be unaffected by its secondary listing on A2X.
Pepkor has the largest retail store footprint in Southern Africa and has 5 900 stores operating across nine African countries and in Brazil.
Pepkor Holdings’ brands include Ackermans, PEP, Russells and HiFi Corp, as well as Avenida in Brazil.
“We are delighted to be welcoming Pepkor Holdings onto our platform next week and we look forward to demonstrating the benefits that the listing will bring to both Pepkor and its investors,” says A2X CEO Kevin Brady.
The Pepkor listing will bring the number of instruments listed on A2X to 181, with a combined market capitalisation of around R9.1-trillion.