February 24, 2014
Johannesburg, 24 February. Today, the JSE welcomed CAMAC Energy (JSE: CME), the first company to list on the exchange in 2014. CAMAC Energy operates as an independent oil and gas exploration and production company focused on energy resources in Africa.
The company, which is headquartered in Houston, Texas, has a primary listing on the New York Stock Exchange’s (NYSE EuroNext). CAMAC Energy’s portfolio includes eight licenses, including production and other projects off the coast of Nigeria, on and offshore exploration licenses in Kenya and off the coast of Gambia.
“We are pleased to see CAMAC Energy list on our mainboard today. The listing in Johannesburg gives CAMAC Energy a presence on Africa’s biggest bourse and access to a large and diverse investor base with an array of investors looking to gain exposure to the African continent,” says Zeona Jacobs: Director of Issuer and Investor Relations at the JSE.
“The JSE listing signifies a new chapter in our company’s history and allows access to capital on the continent, as well as providing a new option for investors in terms of diversity. We are especially honoured that the PIC has invested in our growth plans with confidence and we welcome them on board as a significant strategic partner on our exciting journey ahead,” says Dr. Kase Lawal, Chairman and CEO of CAMAC Energy.
“It is important that the JSE lists businesses with assets in Africa. As Sasfin, we are playing our role in bringing African assets to the JSE,” says Noah Greenhill, head of Corporate Finance at Sasfin Capital, which acted as CAMAC Energy’s corporate advisor and sponsor for its listing.
About JSE Limited
As South Africa’s only full service securities exchange, the JSE connects buyers and sellers in five different financial markets, namely equities, equity derivatives, commodity derivatives, currency derivatives and interest rate products. The JSE Ltd offers the investor a truly first world trading environment, with world class technology, surveillance and settlement in an emerging market context. It is amongst the top 20 largest equities exchanges in terms of market capitalisation in the world. In terms of derivatives, the JSE is currently ranked the 20th largest exchange by the Futures Industry Association (FIA).
For further information, please visit www.jse.co.za
Victoria Williams / Mari Blumenthal
H+K Strategies South Africa
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Director: Issuer and Investor Relations