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Distell makes JSE comeback

Jun 01 2018 12:37
Ntaoleng Lechela

Johannesburg – The Johannesburg Stock Exchange (JSE) has listed two additional companies, bringing its total to 375. 

Cloud Atlas Real Estate ex-SA ETF has made its debut, and Distell Group Holdings has relisted on the main board, the JSE announced on Friday morning. 

Cloud Atlas specialises in investments in real estate companies across the African continent. It is listed in the exchange-traded funds (ETF) section, which accommodates 93 exchange-traded products (ETPs), offered by 11 providers, and is worth around R72bn.

Director of Capital Markets, Donna Nemer, said: "The JSE is seeing an encouraging surge in the listing of new ETFs, which increasingly offer investors greater exposure to a range of sectors and also global markets."

The JSE also welcomed back producer of alcoholic beverages and ready-to-drinks Distell, listed in beverages. This sector comprises around 14% of the JSE's R14.27 market cap.

Distell's Group Managing Director, Richard Rushton, said "today marks an important journey in our company’s evolution, as it simplifies a historically multi-tiered ownership structure of Distell through Capevin Holdings Limited, providing investors with a single entry point to invest in Distell".

The group will also trade under a new share code, namely DGH instead of DST.

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distell  |  johannesburg  |  new listings  |  companies
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