LIQUIDITY PLAN:
Sirius heads to JSE main board and UK exchange
Sirius Real Estate, an owner of German flexible office space and storage assets, will move to the main board of the JSE and start trading on the London Stock Exchange in March as part of a plan to boost liquidity and attract large institutional investors. Sirius is the only pure German property player listed in SA, with assets in Berlin, Munich, Dresden, Mainz and Wiesbaden, among others. It said it would list on the main boards on or around March 6. With a market capitalisation of €481.265m (R6.89bn), Sirius is widely believed by market watchers to be too large to remain on AltX. Sirius’s directors said they believed the UK admission and the JSE transfer would "provide a more appropriate platform for the continued growth of the group and further raise its profile and status as a high-quality real estate business". They said the moves to the larger exchanges would place the company in a better position to achieve improved liquidity in its ordinary shares "due to the higher number of...
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