The SPAR Group Limited lists on A2X<\/p>\n
15 May 2024 \u2013 The SPAR Group Limited (SPAR) shares become available for trade on A2X today.<\/p>\n
SPAR has wholesale warehousing and distribution operations in Southern Africa and parts of Europe that support over 4 500 stores through 14 distribution centres. It operates in 11 countries and reported revenue of R149 billion in 2023.
\nIn Southern Africa, SPAR has over 1000 grocery stores, almost 900 TOPS at SPAR liquor stores, 400 Build it stores and 125 pharmacies. TOPS at SPAR and Build it are South Africa\u2019s largest liquor and building supplies retailers, respectively.
\nThe SPAR model is predominantly driven by the strength of entrepreneurial independent retailers at the heart of their communities. It offers investors exposure to groceries, liquor, pharmaceuticals and building materials in Southern Africa. In Europe, the Group also has exposure to corporate grocery retail stores, cash-and-carry businesses and food services.<\/p>\n
Group CEO of SPAR, Angelo Swartz said, \u201cThis secondary listing will allow investors to have easy access to our stock at very low transaction costs. The listing through the A2X secondary-listing platform will also come with improved liquidity and narrower spreads\u201d.<\/p>\n
A2X CEO Kevin Brady said, \u201cSPAR is a trusted brand in South Africa and in many places across the world. We are delighted to be listing SPAR on our market next week. We look forward to extending the many benefits that a listing on A2X will bring to SPAR’s investors.\u201d<\/p>\n
The listing will bring the number of instruments listed on A2X to 184 with a combined market capitalisation of around R9.4 trillion.
\nSPAR retains its listing on the JSE and its issued share capital will be unaffected by its secondary listing on A2X.
\nA2X is regulated by the Financial Sector Conduct Authority and the Prudential Authority (SARB) in terms of the Financial Markets Act.<\/p>\n
Ends<\/p>\n","protected":false},"excerpt":{"rendered":"
The SPAR Group Limited lists on A2X 15 May 2024 \u2013 The SPAR Group Limited (SPAR) shares become available for trade on A2X today. SPAR has wholesale warehousing and distribution operations in Southern Africa and parts of Europe that support over 4 500 stores through 14 distribution centres. It operates in 11 countries and reported […]\n","protected":false},"author":2,"featured_media":1519,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"cybocfi_hide_featured_image":"","footnotes":""},"categories":[9,7,6,8],"tags":[],"class_list":["post-1518","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-announcements","category-listings","category-listingtimeline","category-news"],"yoast_head":"\n