Invicta FD Nazlee Rajmohamed says the business is happy to offer its investors an alternate way to trade.
Investment holding and management company Invicta announced on Tuesday 6 June that it will be listing the business on A2X with effect from Tuesday 13 August.
Invicta will retain its primary listing on the JSE, and its issued share capital will be unaffected by the secondary listing. Invicta’s ordinary shares, with a market capitalisation of R2.6 billion, and preference shares, with a market capitalisation of R660 million, will be available to be traded on both the JSE and A2X from the A2X listing date.
Says Invicta financial director Nazlee Rajmohamed:
"We are happy to offer Invicta investors an alternate way to trade on a lower fee structure. We are committed to creating long-term value for our stakeholders and this initiative furthers this commitment, and aligns us with global best practice."
Invicta, which operates in the industrial consumables, capital equipment and spare parts industries, employs around 4,000 people worldwide.
“We are delighted to welcome Invicta to our platform,” says Kevin Brady, A2X CEO.
The listing brings the total of companies listed on A2X to 28, with a combined market capitalisation of more than R2.4 trillion.