Discovery Limited has announced its second listing on A2X Markets, with its shares available for trading from July 4, 2022.
At the same time, Discovery will retain its primary listing on the Johannesburg Stock Exchange (JSE), with its issued share capital remaining unchanged by its A2X listing.
The secondary listing offers Discovery investors the benefit of another platform on which to trade the company’s shares, increased liquidity, lower exchange fees and tighter spreads.
A2X describes Discovery as a shared value financial services company. Exchange CEO Kevin Brady said Discovery is a market leader in the industry.
“Since its inception 30 years ago, Discovery has become the undisputed market leader in shared value insurance and we are excited to welcome them to our marketplace next week,” Brady said.
Its listing on A2X will bring the exchange’s total number of instruments available for trading to 69, with a combined market capitalization of approximately R4.5 trillion.
Discovery joins other Top40 JSE constituents including Aspen, Growthpoint, Investec, Mr Price, Naspers, Nedbank, Remgro, Sanlam, Sasol and Standard Bank on the A2X exchange.