Sandown Capital Limited lists on the JSE

From left to right: Sean Melnick, CEO, and the directors of Sandown Capital Limited celebrating the opening of the market.

Today Sandown Capital Limited (JSE:SDC) listed in the Equity Investment Instruments sector on the main board of the JSE. Sandown Capital is the 18th company to list on the JSE this year.

From left to right: Donna Nemer, Director: Capital Markets at JSE Limited and Sean Melnick, CEO at Sandown Capital Limited.

Donna Nemer, Director: Capital Markets at the JSE welcomed Sandown Capital to the exchange. “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.”

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 (JSE:PGR) 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.

From left to right: Sean Jelley, CFO; Sean Melnick, CEO and Lawrie Brozin, Independent Non-executive Chairman at Sandown Capital Limited.

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 R67 billion and it contributes 0.4% to the JSE’s overall market capitalisation of R16.25 trillion.

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