JOHANNESBURG - JSE-listed industrial goods and services group Invicta Holdings said on Tuesday that it has approved for secondary listing its ordinary shares and preference shares, with a market capitalization of R2,6 billion and R660 million respectively, on the A2X Markets.
Invicta, which operates in the industrial consumables, capital equipment and spare parts industries, said it would retain its primary listings on the JSE and its issued share capital would be unaffected by its secondary listings on A2X. The shares will be listed next week Tuesday.
Arnold Goldstone, Invicta chief executive the listing would gives their investors a choice of venue on which to transact and an opportunity to save money, and was aligned with global best practice.
"We are committed to creating long-term value for our stakeholders and believe our secondary listings on A2X further underpin this commitment," Goldstone said.
The Invicta listing will bring the number of securities available for trade on A2X to 28 with a combined market capitalisation of over R2.4 trillion.