AngloGold Ashanti to list on fifth stock exchange

Newly approved A2X listing will not impact its primary and depository share listings.
Image: Nadine Hutton/Bloomberg News

JSE-listed gold mining company AngloGold Ashanti on Monday confirmed that it will list its shares on A2X Markets (A2X) and the shares will available for trade on this South African capital market platform from June 6, 2022.

“AngloGold Ashanti believes the A2X listing allows a new, competitively priced, alternative platform for investors to trade shares of the company,” it said in a JSE Sens statement.

“AngloGold will retain its listings on the Johannesburg Stock Exchange, NYSE [New York Stock Exchange], the Australian Stock Exchange and Ghana Stock Exchange. AngloGold Ashanti’s issued share capital will be unaffected
by the additional listing on A2X,” it added.

The group has a primary listing on the JSE and depository share listings on the NYSE as well as the stock exchanges in Australia and Ghana.

A2X says AngloGold Ashanti’s secondary listing on its platform will not affect its other listings.

The new listing will bring the number of companies available on A2X to 67, with a combined market capitalisation of around R4.2 trillion.

“AngloGold Ashanti is one of the largest gold mining companies globally with a diverse spread of shareholders that include the world’s largest financial institutions,” says A2X CEO Kevin Brady.

“We look forward to demonstrating the benefits that a listing on A2X brings to both AngloGold Ashanti and its shareholders.”

The group joins the likes of Aspen, Standard Bank, Sasol, Mr Price, Naspers, Nedbank and Sanlam as some of the other constituents on the A2X.

According to A2X, which began operating in October 2017, its end-to-end costs of transacting are about 50% lower than other South African trading venues where the same shares can be traded.

“A2X is a licensed stock exchange authorised to provide a secondary listing venue for companies and is regulated by the Financial Sector Conduct Authority and Prudential Authority, South African Reserve Bank in South Africa in terms of the Financial Markets Act 19 of 2012,” AngloGold noted in its Sens.

“A2X has listings from several other key sectors, including media, banking, retail, FMCG, financial services, insurance, healthcare and telecommunications,” it added.

Nondumiso Lehutso is a Moneyweb intern.

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