Investment holding company Remgro has been approved for a secondary listing on A2X Markets and its shares will be available for trade on the A2X from January 3.
Remgro will retain its primary listing on JSE and its issued share capital will be unaffected by its secondary listing on the A2X.
“At Remgro, our vision is to be the trusted investment company of choice that consistently creates sustainable stakeholder value. Our listing on A2X is an extension of this commitment and provides our investors with the choice to source additional liquidity and the opportunity to capture the benefits of narrower spreads and lower exchange fees,” comments CEO Jannie Durand.
“We are delighted to welcome Remgro to A2X in January and it will be our first listing for 2022. Remgro is a well known and highly respected South African investment company and its listing on A2X is an endorsement for both the benefits of a listing on A2X and the importance of a healthy and competitive capital market,” says A2X CEO Kevin Brady.
The listing will bring the number of instruments available for trade on the A2X to 60, with a combined market capitalisation of over R5-trillion.