Data Specialist company PBT Group Announces Secondary Listing On A2X

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Data Specialist company PBT Group Announces Secondary Listing On A2X
Credit: © Reuters.

Data Specialist company PBT Group today that its ordinary shares will be traded on A2X with effect from 1 February 2022.

PBT Group informed investors that it will retain its primary listing on the JSE and its issued share capital will be unaffected by the secondary listing on A2X.

PBT Group’s ordinary shares will be available to be traded on the JSE and A2X from the A2X listing date, the company said.

A2X is a licensed stock exchange authorised to provide a secondary listing venue for

companies and is regulated by the Financial Sector Conduct Authority and Prudential (LON: PRU )

Authority, South African Reserve Bank in South Africa in terms of the Financial Markets Act

19 of 2012, as amended.

PBT Group takes ownership of your data – transforming your data into a tangible asset that will greatly assist in streamlining your operations as well as your predictive and analytical capabilities.

PBT Group with a market capitalisation of R975m is a technology and cloud agnostic data and digital services and solutions provider.

The services across the Group comprise of:

  • Advisory and Strategic
  • Data Engineering
  • Analytics and Visualisation
  • Cloud and DevOps
  • Application and Software Development
  • SQA and Testing
  • Mobile and Web Development, UI and UX
  • Software Solutions specific to the Healthcare Sector

PBT Group has a headcount of 840, the vast majority being billable consultants. Revenue is derived in South Africa (89%), Australia (7%) and Europe (4%). PBT Group’s clients are large, mostly public companies, operating in various industries including financial services, telecommunications, retail, medical and energy.

PBT Group Chief Executive Officer, Elizna Read said, “We are excited to give our shareholders an additional trading venue where the benefits offered by A2X accrue to our shareholders.”

The addition of PBT Group to the A2X board will bring the number of instruments available for trade on A2X to 61 with a combined market capitalisation of around R5.2 trillion. These companies include Top40 constituents: Aspen (JO: APNJ ), Growthpoint, Mr Price, Investec, Naspers (JO: NPNJn ), NEPI Rockcastle, Prosus (JO: PRXJn ), Standard Bank (JO: SBKJ ), Sanlam (JO: SLMJ ) and Sasol (JO: SOLJ ).

Kevin Brady, A2X Chief Executive Officer said, “We are pleased to welcome PBT Group to A2X. Having a respected data specialist list on A2X further endorses the real benefits available to both industry and shareholders by having the choice to transact on a low-cost platform.

“A secondary listing complements a company’s primary listing and comes with no cost, risk or additional regulatory requirements. Every listed company should do the same.”

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. A2X began trading in October 2017.

Also read: True Digital Transformation Requires Data Specialists, PBT Group

THEtwo most critical components in an organisation’s journey to becoming digitally transformed are data and analytics. According to Andreas Bartsch, Head of Service Delivery at PBT Group, it comes down to being able to leverage information as a critical asset that delivers business value.

“The COVID-19 pandemic has highlighted the importance of embracing a digital way of thinking especially given the normalisation of the distributed work environment. But more than the tools required to keep employees productive regardless of their physical location, decision-makers must reassess how they view their organisation in this new world,” says Bartsch.

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