Discovery announces listing on A2X

2022/06/27 17:57:00

Discovery announces listing on A2X

Discovery announces listing on A2X

Discovery Limited has announced its second listing on A2X Markets.

Subscribe Discovery Limited has announced its second listing on A2X Markets, with its shares being made available for trade from 4 July 2022.Discovery said it will retain its primary listing on the Johannesburg Stock Exchange (JSE) and its issued share capital will be unaffected by its secondary listing on A2X.Discovery said it will retain its primary listing on the Johannesburg Stock Exchange (JSE) and its issued share capital will be unaffected by its secondary listing on A2X.Getty Images It anticipates that its initial market capitalisation will be about R2.

At the same time, Discovery will retain its primary listing on the Johannesburg Stock Exchange (JSE), with its issued share capital remaining unaffected by its A2X listing.The secondary listing provides Discovery’s investors with the benefit of another platform on which to trade the company’s shares, added liquidity, lower exchange fees, and narrower spreads.This unique approach has underpinned their success globally, with substantial new business growth and an impressive increase in normalised operating profit and headline earnings.A2X describes Discovery as a shared value financial services company.” Discovery said its secondary listing on A2X will provide its investors with the benefit of an additional platform on which to trade the company’s shares, added liquidity, lower exchange fees and narrower spreads.The exchange’s CEO, Kevin Brady, said Discovery is a market leader in the industry.The listing will bring the number of instruments available for trade on A2X to 69 with a combined market capitalisation of around R4.A2X CEO Kevin Brady “Since its inception 30 years ago Discovery has become the undisputed shared-value insurance market leader and we are delighted to welcome them to our market next week,” Brady said.The company finally blew the JSE's kudu horn on Monday morning.

Its listing on A2X will bring the exchange’s total instruments available for trade to 69, with a combined market capitalisation of approximately R4.Discovery joins other JSE Top40 Index constituents, AngloGold Ashanti, Aspen, Exxaro, Growthpoint, Implats, Investec Ltd and Investec plc, Mr Price, Naspers, Nedbank, Nepi Rockcastle, Prosus, Remgro, Sanlam, Sasol and Standard Bank on the A2X exchange.Discovery joins other JSE Top40 Index constituents, AngloGold Ashanti, Aspen, Exxaro, Growthpoint, Implats, Investec Ltd and Investec plc, Mr Price, Naspers, Nedbank, Nepi Rockcastle, Prosus, Remgro, Sanlam, Sasol and Standard Bank on the A2X exchange.5 trillion.Discovery joins the like of other Top40 JSE constituents, including Aspen, Growthpoint, Investec, Mr Price, Naspers, Nedbank, Remgro, Sanlam, Sasol, and Standard Bank on the A2X exchange.It is regulated by the Financial Sector Conduct Authority and the Prudential Authority (SARB) in terms of the Financial Markets Act.Now read:.Read:.

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Discovery announces secondary listing on A2XFinancial services company Discovery has been approved for a secondary listing on A2X Markets (A2X), and its shares will be available for trade on A2X from 4 July 2022.

Discovery announces secondary listing on A2XFinancial services company Discovery has been approved for a secondary listing on A2X Markets (A2X), and its shares will be available for trade on A2X from 4 July 2022.

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