Life Healthcare Holdings Limited (Life Healthcare) will list its shares for trade on A2X Markets from 1 December 2022.
Life Healthcare will retain its primary listing on the Johannesburg Stock Exchange (JSE), and its issued share capital will be unaffected by its secondary listing on A2X.
Life Healthcare has 66 healthcare facilities, including 49 acute hospitals across the Eastern Cape, Free State, Gauteng, KwaZulu-Natal, Mpumalanga, North West, Western Cape and Botswana.
“Our listing on A2X offers investors savings in the form of price improvement and lower exchange fees whenever they transact in Life Healthcare shares,” said Life Healthcare CEO Peter Wharton-Hood.
“We are pleased to be welcoming Life Healthcare, South Africa’s second-largest private hospital operator, to our platform next week,” said A2X CEO Kevin Brady.
“We appreciate the support and look forward to enabling investors to capture the saving and liquidity benefits we offer.”
Life Healthcare joins Netcare, Aspen and Ascendis in the Healthcare sector with a secondary listing on A2X.
Other well-known companies include AngloGold Ashanti, Exxaro, Discovery, Growthpoint, Implats, Investec, Mr Price, Naspers, Nedbank, Remgro, Sanlam, Sasol and Standard Bank.
The listing will bring the number of instruments listed on A2X to 90, with a combined market capitalisation of around R5.4 trillion.