By TINTSWALO BALOYI 3 March 2017
JOHANNESBURG, (CAJ News) – THE Johannesburg Stock Exchange (JSE) has conducted its first listing of the year after Premier Food and Fishing Limited listed in the listed in the Farming, Fishing and Plantations sector of the Main Board.
It joins six companies that are listed in the Farming, Fishing and Plantations sector of the JSE, which currently has a market capitalisation of R38,29 billion.
Premier Food and Fishing owns one of the country’s largest black-owned fishing companies, Premier Fishing SA, which has an impressive 65 year track record.
Donna Nemer, Director: Capital Markets at the JSE, says the exchange is pleased to welcome the company.
“We are always looking at ways in which we can grow our offering by expanding the types of companies that we list and this listing will provide our investors with choice, and an opportunity to acquire a stake in the company and grow their investments.”
Samier Saban, Chief Executive Officer of Premier Food and Fishing, says listing will provide the company with access to capital in order to grow the business both organically and by way of future acquisitions.
“Being listed on the JSE will further allow us to give both our employees, as well as the members of the communities in which we operate and also the general public, an opportunity to acquire equity in the company and thereby a liquid, tradeable asset within a regulated environment,” says Saban.
Premier Food and Fishing is a subsidiary of African Equity Empowerment Investments.
– CAJ News