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SANDTON, 25 October 2022 – Pick n Pay Stores Limited has been approved for a secondary listing on A2X Markets (A2X). Its shares will be available for trade on A2X from 1 November 2022.

The Pick n Pay Group, with a market cap of around R27 billion, will retain its primary listing on the Johannesburg Stock Exchange (JSE) and its issued share capital will be unaffected by its secondary listing. The Pick n Pay Group is a grocery, general merchandise and clothing retailer with an omnichannel footprint, that operates under three banners – Pick n Pay, Pick n Pay QualiSave, and Boxer. It has a 49% shareholding in Zimbabwe-based TM Supermarkets.

Pick n Pay Group Chair Gareth Ackerman said: “Our listing on A2X means Pick n Pay shareholders will now be able to benefit not only from increased liquidity, but from the cost savings accrued through A2X’s low-cost platform and narrower spreads. This is entirely consistent with our strong focus on cost savings within our business to benefit customers.

“Our listing on the A2X will provide a competitively priced choice for shareholders, and helps encourage the development of a healthy local market.”

A2X CEO Kevin Brady said, “We are delighted to be welcoming the Pick n Pay Group to A2X next week. The Group is an iconic and trusted brand and we look forward to providing
Pick n Pay investors with a choice of venue on which to transact and save money.”

The listing will bring the number of instruments listed on A2X to 88 with a combined market capitalisation of around R5 trillion.

Pick n Pay joins other well-known South African companies including AngloGold Ashanti, AVI, Coronation, Exxaro, Discovery, Growthpoint, Implats, Investec, Mr Price, Naspers, Nedbank, Netcare, Prosus, Remgro, Sanlam, Sasol, Sun International and Standard Bank who are also listed on A2X.

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.


About Pick n Pay Stores Limited
The Pick n Pay Group is a retail business in the fast-moving consumer goods industry. The Pick n Pay Group is an omnichannel grocery, general merchandise and clothing business that operates under three banners – Pick n Pay, Pick n Pay QualiSave, and Boxer. It has a 49% shareholding in Zimbabwe-based TM Supermarkets. Pick n Pay also operates one of the largest online grocery platforms in sub-Saharan Africa. Honorary life president and consumer champion Raymond Ackerman purchased the first four Pick n Pay stores in Cape Town, South Africa, in 1967. Today, the Pick n Pay Group operates 2 141 stores across multiple formats in eight African countries.

About A2X
A2X Markets (A2X) is a South African stock exchange that plays an integral part in the progression of the South African marketplace. An experienced team, advanced technology and an agile environment enable A2X to provide an efficient and cost-effective trading venue to secondary list and trade shares, exchange traded funds (ETFs) and exchange traded notes (ETNs).

A2X appointed Strate as its central securities depository and operates within the proven and reliable South African settlement structure, using technology developed by the UK’s Aquis
Technologies, which includes proven exchange matching and surveillance systems and a clearing platform custom-built for A2X. The end-to-end costs of transacting on A2X are about
50% lower than at the other South African trading venue where the same shares can be traded. A2X began trading in October 2017.

A2X CEO, Kevin Brady
Pick n Pay Chair, Gareth Ackerman

For further information, photos or interviews for A2X, please contact Diane Bomberg, C 082 641 9244
For further information from Pick n Pay, please contact Tamra Veley on

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Please be aware of fraudsters claiming to collect investment deposits using African Rainbow Capital's name. The public can only invest in our business if they have a share trading account.


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