Vodacom Group will formally commerce as a secondary itemizing on the A2X Inventory Change at market open on Thursday, 26 October 2023. From the date of itemizing, merchants can actively commerce Vodacom Group’s abnormal shares on A2X.
Complimenting Already Present Itemizing on JSE
The secondary itemizing on A2X enhances the corporate’s major itemizing by offering its traders with an alternate buying and selling venue.
Acquisition of Vodafone Egypt
Vodacom Group CFO Raisibe Morathi says, “We’re happy that the secondary itemizing on A2X has been accepted. As we develop and have just lately accelerated our progress profile by finishing the acquisition of a 55% stake in Vodafone Egypt, we’re delighted to have the ability to give our traders an alternate venue to commerce and belief they’ll discover this helpful”.
Vodacom’s African Footprint
Vodacom Group’s cellular networks cowl a inhabitants of over 500 million folks. The main, purpose-led African connectivity, digital, and monetary providers firm operates within the Democratic Republic of the Congo, Egypt, Lesotho, Mozambique, Tanzania, and South Africa, in addition to in Kenya and Ethiopia by means of a 35% shareholding in Safaricom.
A2X CEO, Kevin Brady mentioned, “Vodacom is one in all Africa’s most acknowledged and revered manufacturers and we’re delighted to be welcoming them onto our platform subsequent week. We look ahead to demonstrating the advantages {that a} itemizing on A2X will deliver to each Vodacom Group and its traders.”
A2X, regulated by South African authorities, affords a secondary buying and selling venue for firms below the Monetary Markets Act 19 of 2012.
