Barloworld, Astral Foods and PPC all listed on A2X recently, bringing its market cap to over R9 trillion.
Three of South Africa’s biggest organisations, Astral Foods, Barloworld and PPC, recently announced that they would be adding a secondary listing on the quickly growing A2X Markets.
A2X CEO Kevin Brady (pictured) commented:
"We are pleased to welcome these companies to our market and look forward to demonstrating the benefits that listing on A2X will bring. These include narrower spreads, added liquidity and lower transaction fees."
“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,” said Barloworld CEO Dominic Sewela about the listing.
“These benefits include added liquidity, lower exchange fees and narrower spreads,” he added.
PPC CEO Roland van Wijnen shared similar sentiments, saying they are excited to be joining A2X. “We are also pleased to be supporting the development of South Africa’s capital markets through this listing.”
These recent listings will bring the number of instruments listed on A2X to 133, with a combined market cap of over R9 trillion.
Astral Foods, Barloworld and PPC will all retain their primary listings on the Johannesburg Stock Exchange (JSE).