Discovery lists on A2X Markets

The secondary listing on A2X will provide Discovery’s investors with the benefit of an additional trading platform.

Discovery has been approved for a secondary listing on A2X Markets. Its shares will be available for trade on the exchange from 4 July.

“Since its inception 30 years ago, Discovery has become the undisputed shared value insurance market leader and we are delighted to welcome them to our market next week,” said A2X CEO Kevin Brady.

Discovery will retain its primary listing on the Johannesburg Stock Exchange and its issued share capital will be unaffected by its secondary listing. The secondary listing will, however, provide the insurer’s investors with the benefit of an additional platform to trade the company’s shares on.

The listing will bring the number of instruments available for trade on A2X to 69 with a combined market capitalisation of around R4.5 trillion. Discovery joins the likes of AngloGold Ashanti, Aspen, Exxaro, Growthpoint, Implats, Investec, Mr Price, Naspers, Nedbank, Prosus, Remgro, Sanlam, Sasol, Standard Bank, and more.