From April, the bank will be listed on A2X Markets, and the Johannesburg and Namibian Stock Exchanges.
Nedbank has been approved for a secondary listing on A2X Markets, retaining its primary listing on the Johannesburg Stock Exchange, as well as the Namibian Stock Exchange.
“Our listing on A2X complements our existing listings on the JSE and the NSX by giving investors the option to trade on their stock exchange of choice and potentially save costs when trading in Nedbank shares,” says Nedbank CFO Mike Davis.
Nedbank’s shares will be available for trade on A2X from 1 April 2022, and will bring the number of instruments available for trade on A2X to 62, with a combined market capitalisation of around R4.2 trillion.
“Nedbank is a well-respected and admired South African bank with a rich history and we are pleased to be welcoming the business to A2X in April. We look forward to demonstrating the benefits that an A2X listing will bring to its shareholders,” adds A2X CEO Kevin Brady.
