The JSE celebrates the secondary listing of Textainer Group Holdings Limited (JSE:TXT) on the Main Board of the JSE in the industrials: transportation services sector.
Textainer which is based in Bermuda, is one of the world's largest intermodal container lessors with more than 3.5 million twenty-foot (about 6m) equivalent units (TEU) in its owned and managed fleet. It supplies standard dry freight, specialised, and refrigerated containers to more than 250 global customers, including all the world's leading shipping lines. Textainer Group Holdings Limited has a primary listing on the New York Stock Exchange (XNYS:TGH).
Olivier Ghesquiere, President and Chief Executive Officer of Textainer Group Holdings Limited, commented: "We are very pleased to commence our secondary listing on the Johannesburg Stock Exchange. This listing represents another key milestone for Textainer and will provide many advantages, including increased liquidity for existing shareholders, potential broadening of our shareholder base by attracting new retail investors, and increasing the appeal of our company stock to institutional investors. We believe this enhanced visibility and liquidity will help us further create shareholder value over time."
The listing of Textainer Group Holdings Limited makes this the eighth listing in the Industrials: transportation sector on the JSE, with a combined sector market capitalisation of R30.92 billion.
Valdene Reddy, Acting Head: Capital Markets at the JSE says: "In a tough global trading environment, the listing of Textainer shows that the transport infrastructure and services industry still has a role to play in the growth and development of our economy. We welcome the listing and are proud to see that global companies have chosen the JSE as their preferred venue to list for their expansion into the continent, providing investors with exposure to emerging markets."
The Textainer Group Holdings Limited listing brings the number of companies listed on the JSE to 354. This is the JSE's fifth listing of 2019 after the listing of MTN Zakhele Futhi, Prosus, theMultiChoice Group and Tsogo Sun Hotels Ltd earlier in the year. The JSE has an overall market capitalisation of R16,79 trillion.
