Invicta announces secondary listing on A2X


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. 

Related articles

CFO Jan Hofmeyr shares his blueprint for technological transformation

Passionate about the opportunity technology can bring, 2023 Finance & Technology Award winner Jan Hofmeyr has been breaking the CFO mould at OUTsurance by driving the transformation of its finance department so it remains relevant in an increasingly digital future. He reveals how this change has affected the entire business.

CFO Raisibe Morathi explores the nexus of connectivity

CFO Raisibe Morathi, CFO of the Year 2023 and winner of the Strategy Execution Award as well as the High-Performance Team Award, reveals how she balances technology and people to foster the ultimate digital, financial and cultural inclusion, as Vodacom Group transforms to become part of the digital revolution.

Bringing Joy to Discovery Health Medical Scheme as CFO

Discovery Health Medical Scheme CFO Joy Malete says that her rapid career progression has been the result of “divine orchestration”. Just 34, her success is rooted in curiosity, talent, and a true passion for what she does.