NEWS & MEDIA > Holdsport Lists On JSE Today

Cape Town, 18 Jul 2011

Leading South African sports, leisure and recreational goods retailer, Holdsport Limited ("Holdsport") listed on the main board of the JSE today, Monday 18 July 2011. This follows a private placement of shares with South African and international institutional investors a bookbuild process.

There was keen interest in the company and the full thirty million shares have been sold to a broad base of high quality investors.

Kevin Hodgson, the CEO of Holdsport, is delighted with the process, saying, "We welcome our new group of shareholders who believe in our investment case and have seen value in Holdsport and its potential to grow. To have sold all the shares within the price range in the current economic climate is evidence that our business model is attractive. Shareholders like our proven track record of delivering profitable growth, operational excellence and experienced management team."

According to Noah Greenhill, head of Marketing and Business Development at the JSE: "Holdsport placed 30 million shares valued at R930 million. The amount of institutional capital raised both locally and abroad testifies that the company, the South African investment community and the JSE provides a quality offering."

Holdsport is listing in the "Apparel Retail Sector" under the abbreviated name "Holdsport" with symbol "HSP" and ISIN ZAE000157046. The company will announce its interim results in September 2011.


View our operations