Investing

Pepkor to list on A2X

Pepkor Holdings has been approved for a secondary listing on A2X Markets, where it will join other massive JSE-listed companies like Discovery, Investec, Mr Price, Naspers, Nedbank, and Pick n Pay.

A2X is a licensed stock exchange that provides a secondary listing venue for companies. 

Pekor announced today that its shares will be available for trade on A2X from 2 April 2024. It is listed on the JSE, and its listing and issued share capital will be unaffected by its secondary listing on A2X.

Pepkor is home to many of the most trusted brands on the continent, including Ackermans, PEP, Russells and HiFi Corp, as well as Avenida in Brazil.

The company joins other prominent South African retailers with a secondary listing on A2X, including Dis-Chem, Mr Price, Clicks, Truworths, Pick n Pay, Shoprite and Woolworths. 

Pepkor has the largest retail store footprint in Southern Africa, with 5,900 stores operating across nine African countries and in Brazil.  

A2X CEO Kevin Brady said, “We are delighted to be welcoming Pepkor Holdings onto our platform next week, and we look forward to demonstrating the benefits that the listing will bring to both Pepkor and its investors.”

 Pepkor’s listing will bring the number of instruments listed on A2X to 181, with a combined market capitalisation of around R9.1 trillion. 

It joins other well-known companies, including Absa, AngloGold, Aspen, Discovery, Glencore, Impala, Investec, Naspers, Nedbank, Prosus, Sasol, Standard Bank and Vodacom that are also listed on the exchange.

Pepkor is currently trading on the JSE with a market cap of R68 billion and a share price of around R18.50. The share price is down over 5% year to date but up 7% over the past year.

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