Reunert Announces Secondary Listing On A2X
Reunert Announces Secondary Listing On A2X. Reunert is pleased to announce that the company’s ordinary shares will be admitted to trade on A2X, as a secondary listing, with effect from Tuesday, 15 August 2023.
Reunert will retain its listing on the securities exchange operated by the JSE Limited (“JSE”) and its JSE listing and issued share capital will be unaffected by the secondary listing on A2X. The secondary listing also does not give rise to additional fees or compliance obligations for Reunert. From the A2X Listing Date, the Company’s ordinary shares will be available for trade on both the JSE and A2X.
A2X is a licensed stock exchange authorised to provide a secondary listing venue for companies and is regulated by the Financial Sector Conduct Authority and the Prudential Authority of the South African Reserve Bank, in terms of the Financial Markets Act, No. 19 of 2012.
A2X plays an integral part in the progression of the South African market-place. An experienced team hand-picked from across the financial and technology industries, run the exchange. This experience, combined with cutting-edge technology, stable systems and an agile environment enable A2X to provide the market with an efficient and cost-effective trading venue to secondary list and trade shares.
Reunert is a South African company that manages a diversified portfolio of businesses in the fields of electrical engineering, information and communication technologies and defence and allied technologies. Established in 1888 and first listed on the JSE in 1948, the group is listed in the industrial goods and services (electronic and electrical equipment) sector of the JSE. The group operates mainly in South Africa with minor operations situated in Australia, Lesotho, USA and Zimbabwe.
Reunert currently manages three main operating segments: CBI-electric, Nashua and Reutech. It’s businesses strive to achieve first or second positions in their key markets.
