NEPI Rockcastle today announces that, having received approval for a secondary listing on A2X Markets, the company will begin to trade on Tuesday 18 June
This listing is in addition to NEPI Rockcastle’s current JSE and Euronext Amsterdam listings. The listing, which will not result in additional shares issued, will enable the investing community with an additional channel in which to trade NEPI shares.
Speaking on the listing, NEPI Rockcastle’s CEO Alex Morar said: “Listing as the largest property share on the A2X brings an additional [R73 billion] market capitalization to the A2X. Importantly to us at NEPI Rockcastle is that this provides current and potential shareholders an additional platform in which to trade our shares, besides the JSE and Euronext Amsterdam. This listing reconfirms our firm commitment and support of a competitive market structure that is in line with global best practice. The ability for our shareholders to have the choice of trading on two different exchanges in South Africa is testament to the continued growth and development of the capital markets.”
NEPI Rockcastle’s issued share capital will be unaffected by its listing on A2X. NEPI Rockcastle bonds are listed on the Irish and Bucharest Stock Exchanges.