One of SA's oldest companies, Sanlam, has secured a secondary listing on A2X Markets.
Sanlam, one of South Africa’s oldest companies, has listed on A2X Markets (A2X) – a secondary listing for the financial services group. Ian Kirk, Sanlam Chief Executive, says that Sanlam’s A2X listing is in the interests of its shareholders and provides an opportunity to participate in the ongoing development and overall growth of South Africa’s capital markets. He says they welcome the opportunity to attract possible new international investors.
Kevin Brady (pictured), A2X CEO, says:
“Sanlam has been around for almost a 100 years and is an integral part of the South African landscape. We are delighted to have a company of Sanlam’s caliber obtaining a secondary listing on A2X and we look forward to demonstrating the benefits that effective competition in the secondary share market will bring to its underlying investors.”
Sanlam’s longstanding B-BBEE partner, Ubuntu-Botho Investments, is an indirect investor in A2X. The Sanlam Board’s Committee of Independent Non-executive Directors regards this secondary listing as a further step that reflects Sanlam’s ongoing support to Ubuntu-Botho Investments, while also providing benefits to Sanlam shareholders and the wider investor community.