Johannesburg, 29 November 2017: Today Sandown Capital Limited (JSE:SDC) listed in the Equity Investment Instruments sector on the main board of the JSE. Sandown Capital is the 18th company to list on the JSE this year.
Donna Nemer, Director: Capital Markets at the JSE welcomed Sandown Capital to the exchange. "The JSE is proud to enable companies to unlock further value for their shareholders through providing a credible and highly liquid listing venue with globally recognised regulation. The JSE continues to support the growth and further development of the South African financial markets and investment industry."
Sandown Capital is an investment holding company that aims to create long-term value for shareholders through targeting selected investment opportunities. It was a wholly owned subsidiary of Peregrine Holdings (JSE:PGR) prior to the unbundling to be listed separately. Sandown Capital's current investment portfolio includes hedge funds, direct property and listed property units, as well as a funding stake in a South African corporate through a black economic empowerment vehicle.
Sandown Capital brings the total number of companies in the Equity Investment Instruments sector to 10. The sector has a total market capitalisation of nearly R67 billion and it contributes 0.4% to the JSE's overall market capitalisation of R16.25 trillion.
left to right: Sean Jelley, CFO; Sean Melnick, CEO and Lawrie Brozin, Independent Non-executive Chairman at Sandown Capital Limited.
left to right: Donna
Nemer, Director: Capital Markets at JSELimited and Sean Melnick, CEO at Sandown
From left to right: Sean
Melnick, CEO, and the directors of Sandown Capital Limited celebrating the
opening of the market.
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The Johannesburg Stock Exchange is based in South Africa where it has operated as a market place for the trading of financial products for 130 years. It connects buyers and sellers in equity, derivative and debt markets. The JSE is one of the top 20 exchanges in the world in terms of market capitalisation and is a member of the World Federation of Exchanges (WFE) and holds the chairmanship of the Association of Futures Markets (AFM). The JSE offers a fully electronic, efficient, secure market with world class regulation, trading and clearing systems, settlement assurance and risk management. www.jse.co.za