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Johannesburg – 8 November 2018 – The Standard Bank Group has been approved to list on the A2X exchange on 8 November 2018. As this is a secondary listing, Standard Bank will retain its primary listing on the Johannesburg Stock Exchange. Standard Bank will list its ordinary shares and second preference shares on the A2X exchange.
The issued share capital of Standard Bank Group will be unaffected by the secondary listing on A2X. Standard Bank shares will now be available for trading on both the JSE and A2X from 15 November 2018, as well as on the Namibian Stock Exchange, its other secondary listing.
Arno Daehnke, Standard Bank Group’s Financial Director says, “Standard Bank is pleased to be making its securities available for trading on A2X through a secondary listing that complements our primary listing on the JSE. We have listened to our institutional investors, who have called for this secondary listing, which will offer enhanced choice to investors to trade through A2X’s platform and which demonstrates our support for the deepening and broadening of financial markets.”
A2X is a licensed stock exchange authorised to provide a secondary listing venue for companies and is regulated by the Financial Sector Conduct Authority (FSCA) of South Africa (previously the Financial Services Board) in terms of the Financial Markets Act.
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