Capitec to list on A2X Markets
Diversified financial services group Capitec has been approved for a secondary listing on licensed stock exchange A2X Markets, with its shares to be available for trade on the A2X from September 7. The company will retain its primary listing on the JSE.
The secondary listing on the A2X is expected to broaden investor access to Capitec’s ordinary shares by providing an additional regulated trading venue, thereby enhancing shareholder choice and supporting liquidity in the company's ordinary shares.
"Our secondary listing on A2X supports our commitment to creating value for shareholders by providing access to an additional trading venue and enhanced liquidity," comments Capitec CFO Grant Hardy.
"We are pleased to welcome Capitec to the A2X. Capitec has established itself as one of South Africa's leading banking groups and its listing further strengthens the diversity and depth of the A2X market," adds A2X CEO Kevin Brady.
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