JSE-listed Growthpoint to become first property firm to list on A2X
The largest listed real-estate company in SA, Growthpoint Properties, will take up a secondary listing on the new A2X Markets exchange on July 18.It will be the first property company to take up a secondary listing on A2X and the 10th to join the exchange.Growthpoint will retain its primary listing on the JSE and will not issue any new shares in connection with its secondary listing on A2X. There is no cost, risk or additional regulatory compliance for Growthpoint as a result of its secondary listing on the A2X, the company said.Growthpoint is a constituent of the top 40 index and has a market capitalisation of R80bn. Group CEONorbert Sasse said the listing meant the company would be able to lure new investors."Making Growthpoint’s shares available on a second trading platform in SA benefits shareholders and stockbrokers by providing an additional venue to transact with lower costs. We value our primary listing on the JSE profoundly and believe that our secondary listing on the A2X ...
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