Truworths Announces Secondary Listing On A2X
Truworths Announces Secondary Listing On A2X. South African company Truworths has announced that it will be listed on A2X as its secondary listing. The company released a statement saying that the listing will not affect the listing on the JSE and Namibian Stock Exchange.
The company said in statement, “Shareholders are hereby advised that Truworths’ ordinary shares have been approved forinclusion in the list of qualifying equity securities to be traded on A2X in South Africa witheffect from Monday 5 December 2022 (the “A2X listing date”). Neither Truworths’ listing on the JSE and Namibian Stock Exchange, nor its issued sharecapital, will be affected by the secondary listing on A2X, and its shares will commence tradingon A2X from the A2X listing date. A2X is a licensed stock exchange authorised to provide a secondary trading venue forcompanies and is regulated in South Africa by the Financial Sector Conduct Authority and thePrudential Authority, being the South African Reserve Bank, in terms of the Financial MarketsAct 19 of 2012.”
Truworths International Ltd is an investment holding and management company which has been listed in the General Retailers sector on the JSE and on the Namibian Stock Exchange since 1998. Based in Cape Town, South Africa, its main operating companies, Truworths Ltd (Truworths, operating primarily in South Africa) and Office Holdings Ltd (Office, operating primarily in the United Kingdom), are leading cash and account retailers of fashion clothing, footwear and related merchandise.
A2X Markets is a South African stock exchange. It was founded by Sean Melnick, Ashley Mendelowitz and Kevin Brady, individuals with experience in financial markets and technology. Their goal was to create a new South African exchange to bring healthy competition to the South African marketplace.
