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Shares in Santam [JSE:SNT] will start trading on the A2X exchange from February 1, the general insurer said on Friday.
A2X is a licensed stock exchange, which provides an additional listing opportunity for companies. It is regulated by the Financial Sector Conduct Authority and the SA Reserve Bank, in terms of the Financial Markets Act.
A2X began trading in October 2017 and now has nine approved brokers and 15 companies listed on its platform.
Santam has a market cap of more than R34bn and will retain its listings on the JSE and the Namibian Stock Exchange, it said in a statement. Its issued share capital will be unaffected by the listing on the A2X.
"There is no cost, risk or additional regulatory compliance for Santam as a result of its A2X listing," it said.
Santam CEO Lizé Lambrechts said the company is continually looking for new ways to add benefit to its clients and shareholders.
"We see this additional listing as an opportunity to attract potential new investors," she commented.
