Woolworths approved for secondary listing on A2X

Retail group Woolworths says that it has been approved for a secondary listing on the A2X exchange with effect from 2 December 2022.

The group’s primary listing on the JSE Limited and its issued share capital will be unaffected by the secondary listing on A2X, it said.

Woolworths joins other well-known South African companies, including competing retailer Pick n Pay, Discovery, Attacq, AngloGold Ashanti, AVI, Coronation, Exxaro, Discovery, Growthpoint, Implats, Investec, Mr Price, Naspers, Nedbank, Netcare, Prosus, Remgro, Sanlam, Sasol, Sun International and Standard Bank who are also listed on A2X.

A2X is a licensed stock exchange authorised to provide a secondary listing venue for companies and is regulated by the South African Financial Sector Conduct Authority and the Prudential Authority of the Reserve Bank in terms of the Financial Markets Act 19 of 2012.

The listing will bring the number of instruments listed on A2X to 90, with a combined market capitalisation of around R5 trillion.

Read: Checkers is giving Woolworths a run for its money in South Africa

Woolworths approved for secondary listing on A2X