One among South Africa’s largest know-how service suppliers, EOH Holdings Restricted, has obtained approval for a secondary itemizing on A2X Markets, with its peculiar shares to be made obtainable for commerce from August 13.
The group’s itemizing now brings the entire variety of devices obtainable for commerce on A2X to 53 with a mixed market capitalisation of over R4 trillion. It joins well-known firms together with Naspers, Prosus, Sanlam, Sasol, Aspen Pharmacare, Exxaro, AVI, Mr Worth, Growthpoint, Momentum Metropolitan and Well-known Manufacturers.
Megan Pydigadu, EOH group monetary director sys: “EOH’s choice to checklist on A2X will give our shareholders entry to a further platform with decrease transaction charges. That is in step with the group’s dedication to constantly discover methods to extend worth for shareholders.”
Kevin Brady, CEO of A2X Markets provides: “EOH’s means to make use of the most recent know-how to chop prices and drive extra environment friendly enterprise practices resonates with us and we stay up for demonstrating the advantages a list on A2X brings to their shareholders.”
EOH will retain its itemizing on the Johannesburg Inventory Trade (JSE) and its issued share capital won’t be affected by the secondary itemizing on A2X.
The group boasts of a variety of providers in business consulting, IT providers, methods integration, software program, industrial applied sciences and enterprise course of outsourcing, whereas A2X has listings from numerous key sectors corresponding to media, property, know-how, mining, banking, retail, FMCG, monetary providers, insurance coverage, healthcare and telecommunications.
A2X is a licensed inventory trade that gives a secondary itemizing venue for firms. It’s regulated by the Monetary Sector Conduct Authority and the Prudential Authority (Sarb) when it comes to the Monetary Markets Act. It started buying and selling in October 2017, with seven permitted brokers that account for over 60% of market exercise.
Palesa Mofokeng is a Moneyweb intern.