Oceana To List On The A2X
Oceana To List On The A2X. Africa’s largest fishing group, Oceana has announced that it will become the latest company to list on the A2X alternative exchange, which is licensed to allow secondary listings.
“From an investment perspective, Oceana realised the advantages of listing shares on the JSE 75 years ago, which has resulted in considerable growth. The A2X listing presents another opportunity to provide additional value to our shareholders. Our listing on A2X will offer our investors the opportunity to experience the benefits created through the platform’s lower exchange fees, narrower spreads and added liquidity when they transact in Oceana’s shares,” Oceana CFO Zaf Mahomed said in a statement.
Oceana, with a market capitalisation of about R9-billion will retain its primary listing on the JSE. Oceana is Africa’s largest fish protein company and ranks amongst the most empowered companies listed on the Johannesburg Stock Exchange (JSE). The Oceana listing brings the number of instruments available for trade on A2X to 108, with a combined market capitalisation of around R6.7 trillion.
“We look forward to welcoming Oceana to our market next week. Oceana is a company with a rich history spanning over 100 years. Its ability to adapt and identify opportunities has contributed to this longevity and taking the opportunity to list on A2X will benefit both Oceana and its shareholders,” A2X CEO Kevin Brady said in a statement.
