JSE registers 15th listing of the year
JOHANNESBURG, (CAJ News) – TRELLIDOR, the manufacturer of custom-designed security barrier systems, has listed on the Johannesburg Stock Exchange (JSE), becoming the 15th company to list on the bourse this year.
Commenting on Trellidor’s debut on the JSE on Wednesday, Chief Executive Officer of Trellidor, Terry Dennison, said the listing was an exciting development for Trellidor as it represented the next phase of the company’s growth path.
“The listing will enable us to pursue organic and acquisitive growth opportunities. In addition, we see significant growth potential from investments in the rest of the African continent, where the African market for security is also accelerating as a result of urbanisation and growing home and asset ownership. We invite our new shareholder to support us in our pursuit for growth.”
Donna Oosthuyse, Director Capital Markets at the JSE, commented on Trellidor’s listing.
“As one of the most recognisable company brands in South Africa, we are pleased to welcome Trellidor to the JSE,” said the JSE executive.
Trellidor’s listing brings the total market capitalisation of the JSE to R12,36 trillion.
Having been established over 40 years ago, Trellidor has established a solid reputation and is widely recognised for providing superior physical barrier security.
Days before the listing, Trellidor successfully raised R50 million through the issue of 8 333 334 new shares in the company and placed shares held by existing shareholders to the value of R214 million with invited investors.
– CAJ News
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