Andries van Heerden, CEO of Afrimat explained his rationale for listing “Our board agrees that stock exchange competition is healthy for the entire market. We support the idea that reduced cost of trading will bring in additional investors. We look forward to being traded on A2X.”

 

ARC joint CEO, Johan van der Merwe, says that one of the main draw cards of an A2X listing was the potential for improved liquidity. “Even though we are shareholders in A2X, we understand the value that a secondary listing brings to our company and we believe in free market principles that allow companies to grow and flourish.

 

Ascendis Health CEO Thomas Thomsen said, “We are pleased to complement our primary listing on the JSE with the secondary listing on A2X. We see the secondary listing as an opportunity to attract potential new investors through the lower-cost trading structure of A2X and broaden our shareholder base. There is no cost to the secondary listing or any additional regulatory compliance.”

 

Anton Pillay, Coronation CEO, says, “As an active player in the South African equity market as both an issuer and fund manager, we appreciate the impact that A2X is likely to have on South African markets. For this reason, we felt that Coronation needed to be part of the evolution.”

 

CEO of Huge Group Limited James Herbst explains, “We are excited about listing on A2X. This was not a very difficult decision to make. There are no additional costs to Huge of listing its shares for trading on A2X, there is no additional administrative burden and the continuing obligations are easy to fulfil. The rationale for this secondary listing was mainly to bring the prospect of lower transactional costs to investors who trade our shares. We believe that A2X will bring market efficiencies which our shareholders do not enjoy currently – we expect the double, being the bid offer spread, on our shares to narrow. We welcome the competition that A2X will bring to the market and the benefits that prospective investors and existing shareholders will derive from this type of stock exchange.”

 

Peregrine Holdings CEO, Rob Katz, says that the company expects its A2X listing to enable better price discovery and to broaden the base of shareholders, given that trading costs on A2X are significantly lower. “Peregrine Securities is a key player in SA capital markets and therefore if we are supporting the initiative from a trading perspective, it made sense to support A2X from a listing perspective too.”

 

Ian Kirk, Sanlam Chief Executive, says that Sanlam’s A2X listing is in the interests of its shareholders and provides an opportunity to participate in the on-going development and overall growth of South Africa’s capital markets. “We welcome the opportunity to attract possible new international investors while also providing benefits to Sanlam shareholders and the wider investor community.”

 

Sygnia CEO, Magda Wierzycka. says“We support disruption, competition and best practice in South Africa’s capital markets. International experience has shown how competition helps drive a more efficient and responsive industry, which ultimately benefits the end consumer and assists in the overall growth of the market,”

 

Standard Bank Group’s Financial Director, Arno Daehnke, comments, “Standard Bank is pleased to be making its securities available for trade on A2X through secondary listings that complement our primary listings on the JSE. We have listened to our institutional investors, who have called for these secondary listings, which will offer enhanced choice to investors to trade through A2X’s platform and which demonstrate our support for the deepening and broadening of financial markets.”