Fairvest Limited has announced its secondary listing on A2X Markets following the merger of Arrowhead Properties Limited and Fairvest Property Holdings.
The REIT will retain its listing on the JSE, and its issued share capital will be unaffected. Both it’s A ordinary shares and B ordinary shares will be available for trade on A2X from the 11th of May 2022.
Fairvest Property Holdings Limited and Arrowhead Properties Limited merged in late January 2022 creating a mid-sized JSE-listed property company with assets of approximately R11.78 billion.
“Fairvest Property Holdings first listed on A2X in October 2019 to complement our primary listing and give our investors the option to trade across markets. It was a natural progression to relist on A2X after the merger as we continue to look at all ways to save costs and put our shareholders first”, commented Fairvest CEO, Darren Wilder.
A2X CEO Kevin Brady added: “We are pleased to be welcoming Fairvest to A2X next week and look forward to helping them unlock even more value for their shareholders through our lower fees, increased liquidity and narrower spreads”.