The SPAR Group has been approved for a secondary listing on A2X Markets (A2X), and its shares will become available for trade on A2X from 15 May 2024.<\/p>\n\n\n\n
SPAR has wholesale warehousing and distribution operations in Southern Africa and parts of Europe that support over 4,500 stores through 14 distribution centres.<\/p>\n\n\n\n
It operates in 11 countries and reported revenue of R149 billion in 2023.<\/p>\n\n\n\n
In Southern Africa, SPAR has over 1,000 grocery stores, almost 900 TOPS at SPAR liquor stores, 400 Build It stores, and 125 pharmacies. <\/p>\n\n\n\n
TOPS at SPAR and Build It are South Africa\u2019s largest liquor and building supplies retailers, respectively.<\/p>\n\n\n\n
The SPAR model is predominantly driven by entrepreneurial independent retailers, and offers investors exposure to groceries, liquor, pharmaceuticals and building materials in Southern Africa. <\/p>\n\n\n\n
In Europe, the Group also has exposure to corporate grocery retail stores, cash-and-carry businesses and food services.<\/p>\n\n\n\n
The listing will bring the number of instruments listed on A2X to 184, with a combined market capitalisation of around R9.4 trillion.<\/p>\n\n\n\n
SPAR retains its listing on the JSE, and its issued share capital will be unaffected by its secondary listing on A2X.<\/p>\n\n\n\n