“We continually strive to identify ways to increase value for our shareholders, and the complementary A2X listing offers investors trading benefits while simultaneously providing the prospect of increasing our shareholder base,” Saad said. “We will retain our primary listing on the JSE, and our issued share capital will be unaffected by the secondary listing.”
The A2X is a licenced stock exchange that provides a secondary listing venue for companies. It is regulated by the Financial Sector Conduct Authority and the Prudential Authority in terms of the Financial Markets Act. A2X began trading in October 2017 and has nine approved brokers that account for about 50percent of market activity.
Winning over Aspen is another step forward for A2X.
But analysts warned that Aspen would not be raising any additional capital with the listing.