A2X Markets has announced that Tiger brands Limited (Tiger brands) has been approved for secondary listing on the stock exchange. Tiger brands’ ordinary shares will be available for trade on A2X from Tuesday, 26 October.
Tiger brands will join the list of other companies that have already been listed on the exchange. It houses a number of consumer goods and products such as Koo, Jungle, Enterprise, and Albany, just to name a few. The consumer goods giant will retain its primary listing on the Johannesburg Stock Exchange (JSE) and the issued share capital will not be affected by the secondary listing.
“Tiger brand is home to a large number of iconic South African brands and we are delighted to have a company of their heritage and calibre on board. Their listing on A2X will enable their shareholders to capture the advantages of A2X’s lower cost structure, narrower spreads and added liquidity” – CEO of A2X Markets, Kevin brandy.
A2X is a licensed stock exchange that provides efficient and cost effective secondary listing venue to companies. A2X was issued an Exchange Licence with an infrastructure to clear in early April 2017 and went live on 6 October 2017