JSE-listed telecommunications specialist Huge Group has applied to list on the London Stock Exchange’s Alternative Investment Market (Aim), it said on Monday.

This secondary listing will see Huge Group retaining its primary listing in Johannesburg through the JSE as well as its listing on South Africa’s A2X Markets stock exchange.

“Following the proposed secondary listing, Huge shares will be available to be traded on the JSE, the
A2X and Aim,” the company said in a statement. “The issued share capital of the company will not be affected by the application.”

Huge Group said it will now begin the process of appointing advisors to assist it with the London listing. It did not say why it had chosen to seek the listing. TechCentral has reached out to CEO James Herbst for comment.

The company’s share price was last quoted at R5.99 on the JSE. Since the beginning of the year, the shares have added more than 20% in value.  — (c) 2021 NewsCentral Media