Johannesburg – Premier Food and Fishing has become the first company to list on the JSE this year, making its debut under the share code PFF with a opening share price of R4.90.
The company listed on the Farming, Fishing and Plantations sector of the JSE’s Main Board.
Premier Food and Fishing owns one of the country’s largest black-owned fishing companies, Premier Fishing SA, which has a 65 year track record.
The company, a subsidiary of African Empowerment Equity Investments (AEEI) says its much anticipated listing on the local bourse has been oversubscribed.
The company last week said a private placement ahead of its initial public offering (IPO) was oversubscribed four times, following a successful two-week road show in anticipation of resuming trading on the JSE next week.
The company, in existence since 1952, was previously called Sekunjalo Industrial Holdings. It was to privately 117 million shares.