Sasol approved for secondary listing on A2X Markets
The listing provides shareholders with a variety of trading venue options, says Sasol CFO Paul Victor.
Sasol has been approved for a secondary listing on A2X Markets with effect from 3 February. It will retain its listings on the Johannesburg Stock Exchange and New York Stock Exchange.
About listing, Sasol CFO Paul Victor said:
“Sasol’s decision to list on A2X is part of the company’s commitment to continually find ways to increase value for shareholders as well as provide them with a variety of trading venue options.”
According to a statement released by A2X, the listing will bring the number of securities available for trade on A2X to 34 with a combined market capitalisation of over R2 trillion.
In welcoming Sasol to the platform A2X CEO Kevin Brady said that, as a global player with local roots and a pioneer in innovation for over six decades, “this is a great endorsement for the merits of a secondary listing”.
He added that Sasol investors will benefit from “not only the direct saving of lower transaction fees on A2X but also the indirect savings that accrue as result of narrower and increased liquidity”.