OUTsurance approved for secondary listing on A2X
JSE-listed insurance company OUTsurance has been approved for a secondary listing on A2X Markets. OUTsurance shares will be available for trade on A2X from January 14.
"For the past 28 years, OUTsurance has delivered . . . products to its clients, and we are pleased to help extend this approach to their shareholders. By listing on A2X, OUTsurance will provide its investors with the benefit of choice to transact its shares on an additional venue with reduced transaction fees and extra liquidity," A2X CEO Kevin Brady said on January 7.
OUTsurance joins 167 other securities listed on A2X, representing a combined market capitalisation of more than R12-trillion. Some of the other companies already listed on A2X include AngloGold Ashanti, Aspen, Exxaro, Discovery, Growthpoint, Implats, Investec, Mr Price, Naspers, Nedbank, Prosus, Remgro, Sanlam, Sasol and Standard Bank.
OUTsurance will retain its primary listing on the JSE.
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