Sandown Capital Limited (JSE:SDC) listed in the Equity Investment Instruments sector on the main board of the JSE. Sandown Capital is the 18thcompany to list on the JSE this year.
“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,” says Donna Nemer, JSE Director for Capital Markets.
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 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 ZAR67 billion and it contributes 0.4% to the JSE’s overall market capitalisation of ZAR16.25 trillion.
Donna Nemer, JSE Capital Markets Director and Sean Melnick, Sandown Capital Limited CEO
Sean Melnick, Sandown Capital Limited CEO and the Company Directors celebrating the opening of the market