Afrimat for SA secondary listing

CONSTRUCTION company Afrimat has announced its shares have been approved for inclusion in the list of qualifying equity securities to be traded on South Africa’s newest stock exchange, A2X, with effect from Thursday.

A2X Markets, a licensed stock exchange, made its debut last month to compete directly with the JSE. It provides an alternative platform for companies to secondary list and trade their shares. Afrimat, which is listed on the JSE, is a leading black empowered open pit mining firm, which produces industrial minerals and construction materials.

The company said it will retain its primary listing on the JSE and its issued share capital will be unaffected by its secondary listing on A2X.

As a result, Afrimat shares will be available to be traded on both the JSE and A2X from Thursday. – ANA