Diversified fish protein company Oceana Group has been approved for a secondary listing on A2X Markets in South Africa, with its shares to be available for trade on A2X from April 3.
“From an investment perspective, Oceana realised the advantages of listing shares on the JSE 75 years ago, which has resulted in considerable growth.
"The A2X listing presents another opportunity to provide additional value to our shareholders. Our listing on A2X will offer our investors the opportunity to experience the benefits created through the platform’s lower exchange fees, narrower spreads and added liquidity when they transact in Oceana’s shares,” comments Oceana CFO Zaf Mahomed.
Oceana, with a market capitalisation of about R9-billion will retain its primary listing on the JSE.
“We look forward to welcoming Oceana to our market next week. Oceana is a company with a rich history spanning over 100 years. Its ability to adapt and identify opportunities has contributed to this longevity and taking the opportunity to list on A2X will benefit both Oceana and its shareholders,” says A2X CEO Kevin Brady.
The Oceana listing brings the number of instruments available for trade on A2X to 103, with a combined market capitalisation of about R6.6-trillion.