NEPI Rockcastle lists on A2X
NEPI Rockcastle listed on the A2X Markets stock exchange earlier this week with its shares now available for trade. It retains its listings on the JSE and Euronext Amsterdam and its issued share capital will be unaffected by its listing on A2X. There is no cost, risk, or additional regulatory compliance as a result of the new listing.
Kevin Brady, CEO, A2X |
A2X CEO Kevin Brady said, “We are pleased to welcome NEPI Rockcastle to A2X today. By listing on A2X, NEPI has now provided both current and potential shareholders with an additional platform on which to trade their shares in South Africa. Furthermore, the listing enables savings to be captured by investors as A2X’s low cost structure drives a better-quality market by narrowing spreads and attracting new liquidity.”
He added, “Not only is the listing in line with best international practice, it is an endorsement for the benefits of competition and supports the growth and progression of South Africa’s capital markets.”
This listing will bring the number of securities listed on A2X to 21, with NEPI being the seventh FTSE JSE Top 40 company. The combined market capitalisation of companies listed on A2X now exceeds R2.4tn.
Source: bizcommunity.com
