Foschini Group makes the jump to A2X Markets
The Foschini Group (TFG) has announced its secondary listing on A2X Markets, with shares for trade available on the platform from 10 October 2023.
A2X is a licensed stock exchange that provides a secondary platform for companies to list their shares for trade. Other well-known retailers with secondary listings on the platform include Mr Price, Truworths, Shoprite, Pick n Pay and Woolworths.
TFG is South Africa’s leading speciality retail group and has a unique portfolio of brands, geographic reach and customer retention initiatives both in South Africa and abroad, which include over 4,600 outlets, 34 brands, 46,500 employees and 30 million TFG Rewards customers.
TFG holds a diversified portfolio, offering customers a variety of speciality products, including fashion apparel, jewellery, cosmetics, sporting apparel, electronics, homeware and furniture.
TFG’s listing will bring the number of instruments listed on A2X to 181, with a combined market capitalisation of around R9 trillion.
TFG retains its primary listing on the Johannesburg Stock Exchange (JSE) and its issued share capital will be unaffected by its secondary listing on A2X.
A2X is regulated by the Financial Sector Conduct Authority and the Prudential Authority (SARB) in terms of the Financial Markets Act.
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