PPC to list on A2X

By Leafias Mazviro

PPC Limited has been approved for a secondary listing on A2X Stock Exchange.

Its shares will be available for trade on A2x from 30 May 2023.

According to A2X, PPC will retain its listing on the JSE and the Zimbabwe Stock Exchange (ZSE) and its issued share capital will unaffected.

“PPC pleased to advise shareholders that its ordinary shares will be traded on A2X with effect from 30 May 25, 2023 (the A2X listing date),” reads the statement on ZSE.

PPC CEO Roland Van Wijnen said “we are excited to be joining A2X which provides investors with an alternative venue to trade our shares, a platform that offers efficient and cost effective trading. We are also pleased to be supporting the development of South Africa’s markets through this listing.”

A2X CEO Kevin Brady said “PPC is an iconic south African company that originally listed in 1910 and is one of only of three public companies that have remained listed for over 100 years. We are delighted to be welcoming a company to our market next week with such deep history that has literally built South Africa.”

PPC is a leading supplier of cement, aggregates, ready-mix concreate, slag and fly ash. PPC’s story stretches back 230 years to where they were first incorporated on the outskirts of Pretoria in 1892, with 7 integrated cement plants across South Africa, Botswana, DRC, Rwanda and Zimbabwe and an annually capacity of around 11, 6 million tonnes of cement.

A2X is a licensed Stock Exchange that provides a secondary listing venue for companies. It is regulated by the Financial Sector Conduct Authority and the Prudential Authority (SARB) in terms of the Financial Markets Act.

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