PPC Announces Secondary Listing On A2X Markets
PPC Announces Secondary Listing On A2X Markets. PPC is pleased to advise shareholders that its ordinary shares will be traded on A2X with effect from 30 May 2023. PPC will retain its listings on the JSE Limited (“JSE”) and the Zimbabwean Stock Exchange (“ZSE”) and its issued share capital will be unaffected by the secondary listing on A2X. PPC’s ordinary shares will be traded on the JSE and A2X from the A2X listing date.
PPC CEO Roland Van Wijnen said, “We are excited to be joining A2X which provides investors with an alternative venue to trade our shares… We are also pleased to be supporting the development of South Africa’s capital markets through this listing.” The listing will bring the number of instruments listed on A2X to 129, with a combined market capitalisation of over R9tn.
A2X CEO Kevin Brady said, “PPC is an iconic South African company that originally listed in 1910 and is one of only three public companies that have remained listed for over 100 years. We are delighted to be welcoming a company to our market next week with such deep history that has literally built South Africa.”
PPC Ltd. (PPC) established the first cement plant in South Africa in 1892, and listed on the Johannesburg Stock Exchange in 1910. A leading supplier of cement and related products in Southern Africa, PPC has 11 cement factories in South Africa, Botswana, DRC, Rwanda and Zimbabwe.
PPC’s footprint in the Readymix sector has grown to include 26 batching plants across South Africa and Mozambique and the capacity to produce half a million tonnes of fly ash. PPC also produces aggregates with its Mooiplaas aggregates quarry in Gauteng having the largest aggregate production capacity in South Africa.
