Sun International to List on A2X

South African hospitality, gaming and entertainment group, Sun International has been approved for a secondary listing on A2X Markets.

WITH A market cap of R3.8 billion, its shares will be available for trade on A2X from Monday, 12 April 2021.…Sun International will retain its primary listing on the Johannesburg Stock Exchange (JSE) and its issued share capital will be unaffected by its secondary listing on A2X.…

The Sun International group has a diverse portfolio of assets including worldclass five-star hotels, modern and welllocated casinos, and some of the world’s premier resorts. It also owns South Africa’s leading timeshare model and is the industry leader in online betting through its SunBet platform.

Sun International CE, Anthony Leeming remarked , “Our listing on A2X provides our shareholders with the choice of an additional platform on which to transact our shares and to capture the savings offered through the lower exchange fees and narrower spreads.”…

…A2X CEO, Kevin Brady said, “Sun International has been a leading brand in South Africa since the 1960s, and its longevity is testament to its ability to adapt and recognise opportunity. We are pleased to be welcoming them to our market on 12 April.”…

Sun International joins other well-known companies on A2X, including Naspers, Prosus, Standard Bank, Sanlam, Sasol, Aspen Pharmacare, Exxaro, AVI, Mr Price and Famous Brands. Their listing on 12 April will bring the number of securities available for trade on A2X to 40 with a combined market capitalisation of R5.2 trillion. A2X has listings from many key sectors, including media, property, mining, banking, retail, FMCG, financial services, insurance, healthcare and telecommunications. …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. A2X commenced trading in October 2017 and…has eight approved brokers, including five of the top six largest brokers as measured by value traded.