SA Corporate Real Estate has announced its secondary listing on A2X with its shares available to trade on the stock exchange from the 3rd of May 2022.
The REIT will retain its listing on the JSE, with its issued share capital unaffected by the new listing.
“The Board and management at SA Corporate are committed to constantly reviewing the use and allocation of the available resources to ensure maximum effectiveness for our shareholders. Our listing on A2X is an extension of this commitment as it gives our investors the opportunity to not only capture the benefits of narrower spreads and lower exchange fees, but to also source additional liquidity”, commented SA Corporate CEO, Rory Mackey.
A2X CEO Kevin Brady said: “We are pleased to be welcoming SA Corporate Real Estate to A2X and look forward to demonstrating the benefits that a listing on A2X will bring to both SA Corporate and their shareholders”.
SA Corporate Real Estate’s listing will bring the number of instruments available for trade on A2X to 64 with a combined market capitalisation of around R4.2 trillion and it will join property peers Growthpoint, NEPI Rockcastle, and Equites on the exchange.
