Mpact, South Africa’s largest collector of recyclable packaging materials, has listed on the A2X market. Picture: supplied
Leading paper and plastics packaging and recycling business Mpact shares became available for trade on A2X Markets on Tuesday.
"We are delighted to welcome Mpact to our market and look forward to offering its investors an additional platform for trading shares. A2X provides numerous benefits, including additional liquidity and reduced transaction costs," A2X CEO Kevin Brady said in a statement.
Mpact is based in Southern Africa, employs over 5 000 people, and is South Africa’s biggest collector of recyclable packaging materials. Mpact’s listing, separate from its existing main listing on the JSE, brings the number of instruments available for trade on A2X to 175, representing a combined market capitalisation of about R10 trillion.
Other companies listed on A2X include AngloGold Ashanti, Aspen, Exxaro, Discovery, Growthpoint, Implats, Investec, Mr Price, Naspers, Nedbank, Prosus, Remgro, Sanlam, Sasol, and Standard Bank.
Mpact’s issued share capital remains unaffected by this secondary listing. There is no cost, risk, or additional regulation to secondary list on A2X, and the market provides a company’s shareholders with the opportunity to save money when they transact by taking advantage of the platform’s low fee structure, narrower spreads, and increased liquidity.
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