Investec Ltd and Investec plc have both been approved for secondary listings on A2X Markets and their shares will be available for trade from Thursday 16 September 2021.
Investec Limited will retain its listing on the Johannesburg Stock Exchange (JSE), the Namibia Stock Exchange (NSX) and the Botswana Stock Exchange (BSE) and its issued share capital will be unaffected by its secondary listing on A2X.
Investec plc will retain its listing on the London Stock Exchange (LSE) and the JSE and its issue capital will also remain unaffected.
These new listings follow the listings of Investec’s Top 40 Tri ETN and the Investec Swix Top 40 TRI ETN on A2X in October 2019.
Investec is publicly traded in London and Johannesburg and staffed by 8,200 employees across its core geographies of the UK and South Africa, along with other locations across the globe.
“Investec is pleased to announce a secondary listing on A2X to provide investors with a greater choice in trading venues,” said Investec Group Chief Executive Fani Titi. “We believe the secondary listing supports the development of a healthy local market.”
Kevin Brady, CEO of A2X Markets, added, “We are delighted to be welcoming a company of Investec’s calibre to A2X next week. We appreciate the message of support for the development of a healthy and vibrant local market and look forward to demonstrating the benefits that a listing on A2X will bring to both Investec and its investors.”
Investec joins Standard Bank as the second major South African bank to list on A2X and it joins other well-known companies, including Naspers, Prosus, Sanlam, Sasol, Aspen Pharmacare, Exxaro, AVI, Mr Price, Growthpoint, Momentum Metropolitan and Famous Brands.
The listing on 16 September will bring the number of instruments available for trade on A2X to 56 with a combined market capitalisation of about R5 trillion. A2X has listings from many key sectors, including media, property, mining, banking, retail, FMCG, financial services, insurance, healthcare and telecommunications.
A2X is a licensed stock exchange that provides a secondary listing venue for companies. It is regulated by the Financial Sector Conduct Authority and the Prudential Authority (SARB) in terms of the Financial Markets Act. A2X began trading in October 2017, with seven approved brokers accounting for over 60% of market activity.