Vodacom Group is the latest company to launch a secondary listing on the A2X Stock Exchange. <\/p>\n\n\n\n
The new listing will open to the market on Thursday, 26 October, and holders of the group’s ordinary shares can be traded on A2X from the date of listing.<\/p>\n\n\n\n
The group’s primary listing will still be on the Johannesburg Stock Exchange (JSE), and its issued share capital will not be impacted by the listing on A2X, which it said will complement its primary listing by providing its investors with an alternative trading venue.<\/p>\n\n\n\n
\u201cWe are pleased that the secondary listing on A2X has been approved,” Vodacom Group CFO Raisibe Morathi said. <\/p>\n\n\n\n
“As we grow and having recently accelerated our growth profile by completing the acquisition of a 55% stake in Vodafone Egypt, we are delighted to be able to give our investors an alternative venue to trade and trust they will find this beneficial.”<\/p>\n\n\n\n
\u201cVodacom is one of Africa\u2019s most recognised and respected brands, and we are delighted to welcome them onto our platform next week. We look forward to demonstrating the benefits that a listing on A2X will bring to both Vodacom Group and its investors,” A2X CEO, Kevin Brady, added. <\/p>\n\n\n\n