Since A2X began trading on October 2017, it has already attracted big companies like Naspers, Sanlam, Standard Bank Group, African Rainbow Minerals, AVI, Ascendis Health and others that have taken an opportunity to list on the exchange.
Santam said on Friday that it would retain its listings on the JSE and the Namibian Stock Exchange and its issued share capital would be unaffected by the listing on A2X. “There is no cost, risk or additional regulatory compliance for Santam as a result of its A2X listing,” the group said.
Santam chief executive Lizé Lambrechts said they were continually looking for new ways to add benefit to their clients and shareholders in explaining the decision behind the secondary listing.
“We see this additional listing as an opportunity to attract potential new investors. More importantly, we are pleased to be complementing our existing listings on the JSE and Namibian Stock Exchange with a listing on A2X,” Lambrechts said.