EOH’s A2X listing to create more liquidity, says group FD Megan Pydigadu

The technology services company has been approved for a secondary listing on A2X Markets.

One of South Africa’s largest technology services companies, EOH, has been approved for secondary listing on A2X Markets.

Group FD Megan Pydigadu said:

“EOH’s decision to list on A2X will give our shareholders access to an additional platform with lower transaction fees. This is in line with the group’s commitment to continuously find ways to increase value for shareholders.”

She added that being listed across two different platforms also offers EOH the potential to create more liquidity in its share.

EOH Limited will retain its listing on the Johannesburg Stock Exchange (JSE) and its issued share capital will be unaffected by its secondary listing on A2X.

Kevin Brady, CEO of A2X Markets, added: “EOH’s ability to use the latest technology to cut costs and drive more efficient business practices resonates with us and we look forward to demonstrating the benefits a listing on A2X brings to their shareholders.”

EOH joins other well-known companies on A2X, including Naspers, Prosus, Sanlam, Sasol, Aspen Pharmacare, Exxaro, AVI, Mr Price, Growthpoint, Momentum Metropolitan and Famous Brands.