A2X announced that Nedbank Group (Nedbank) has been approved for secondary listing on A2X Markets(A2X). The shares will be available for trade on the secondary listing venue from 1 April 2022.
Nedbank will still be listed on the Johannesburg Stock Exchange (JSE) and secondary listing on the Namibian Stock Exchange (NSX) while its issued share capital will be unaffected by its listing on A2X.
Secondary listing offers investors a diverse variety of choices and potential to save on transaction costs. Netbank will be joining Standard bank and Investec Ltd and companies on the Top40 Index such as Aspen, Exxaro, Growthpoint, Naspers and Sasol.
“Nedbank is a well-respected and admired South African bank with a rich history and we are pleased to be welcoming the business to A2X in April. We look forward to demonstrating the benefit that an A2X listing will bring to its shareholders” – A2X CEO, Kevin Brady.
