[South Africa] Renergen to list on A2X

Emerging helium and domestic natural gas producer Renergen Limited (JSE: REN), has been approved for a secondary listing on A2X Markets (A2X) in South Africa. Renergen will list on A2X on Wednesday, 27 November 2019. 

A2X is a licensed stock exchange which provides a secondary listing venue for companies. A2X began trading in October 2017 and has nine approved brokers, including 5 of the top 6 largest brokers in South Africa, by value traded. A2X is regulated by the Financial Sector Conduct Authority and the Prudential Authority (SARB) in terms of the Financial Markets Act. There is no additional cost, risk or regulatory compliance for issuers listing on A2X. 

Renergen CEO, Stefano Marani said, “A2X presents an exciting, easy to use platform on which our current and future shareholders can trade at lower costs. A2X is a disruptive technology, that does not present any additional cost, risk or compliance and we see compelling value in this platform for our shareholders.” 

Kevin Brady, A2X CEO said, “As the only holder of onshore natural petroleum production rights in South Africa, Renergen represents a unique domestic asset. We are delighted to welcome Renergen to A2X and look forward to supporting them by providing a lower cost venue on which shareholders of Renergen can transact.” 

Renergen’s primary listings on the Johannesburg Stock Exchange (JSE: REN) and the Australian Securities Exchange (ASX: RLT) will be not be affected by the company’s secondary listing on A2X.

www.a2x.co.za

www.renergen.co.za