Mr Price Group first retail group to list on A2X
Mr Price Group has announced its listing on the A2X exchange and will start trading from 2 May.
Mr Price Group has listed on the A2X exchange, making it the 20th company overall and the first retail group to list on A2X Markets since it was launched in October 2017.
The company will retain its primary listing on the Johannesburg Stock Exchange (JSE) and its issued share capital will be unaffected by the secondary listing on A2X.
Mr Price CEO Mark Blair told IOL that the company has a long history of delivering value to their shareholders, and they see this secondary listing as an opportunity to continue the trend.
“Listing on A2X markets gives more choice to our current investors and opens up opportunities for us to attract potential new investors.”
Mr Price will join companies like Naspers, Aspen, Standard Bank, Growthpoint Properties, African Rainbow Minerals, Sanlam and Coronation Fund Managers that have also made A2X their secondary listing.