Investing

Shoprite to list on A2X

Shoprite

Shoprite Holdings has been approved for a secondary listing on A2X Markets. Its shares will be available for trade on A2X from Tuesday, 11 April 2023.

The Shoprite Group is the largest South African retailer by market capitalisation, sales, profit and the number of employees and customers.

Its core business is food retailing, but it also offers furniture, digital commerce, pharmaceutical, ticketing, hospitality, and financial and cellular services.

Shoprite is already listed on the Johannesburg Stock Exchange (JSE), the Namibian Stock Exchange (NSX), and Lusaka Securities Exchange (LUSE).

The retailer’s issued share capital will be unaffected by the additional listing on A2X.

A2X CEO Kevin Brady said Shoprite joins a growing list of companies that recognise the value of a secondary listing on A2X and the resultant benefits for investors.

The Shoprite listing will bring the number of instruments listed on A2X to 112, with a combined market capitalisation of around R6.7 trillion.

Shoprite’s listing on A2X highlights an important milestone for A2X as more than half of all top 40 constituents will now have a secondary listing on the exchange.

It joins other Top 40 companies, including Absa, Aspen, Discovery, Investec, Mr Price, Naspers, Nedbank, Prosus, Sasol, Standard Bank and Woolworths listed on the exchange.

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