Glencore Xstrata plc has announced that the JSE Limited has approved the company’s application for a secondary listing on the main board of the JSE. The listing will take place on 13 November 2013.
Revealing this in a statement issued here, the company confirmed that
the pre-listing statement and abridged pre-listing statement in connection with the listing are being published today.
The listing will be an “inward foreign listing” as defined by the South African Reserve Bank. Glencore shares will trade under normal JSE settlement terms under the share code: GLN. Investors are referred to pages 95 to 97 of the Pre-Listing Statement, which sets out the relevant provisions relating to South African exchange control.
Glencore’s primary listing will continue to be on the London Stock Exchange; it also has a secondary listing on the Hong Kong Stock Exchange.
Source: GlencoreXstrata plc. For more information, click here.