Industrials REIT to start trading on London Stock Exchange premium segment on 20 December
The company will also apply to migrate the listing of its ordinary shares from a primary listing to the secondary listing of the main board of the JSE
15 December 2021 - 19:01
byDenise Mhlanga
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Industrial Reit’s Mandale Business Park in Durham, England. Picture: SUPPLIED
Industrials REIT, formerly Stenprop Ltd, expects to start trading on the London Stock Exchange (LSE) premium segment of main market from Monday, a move that will expose it to a deeper pool of capital.
“Moving to the premium segment of the main market is a significant milestone, which will bring a number of benefits and reflects how far we have come as a company in a relatively short time,” said Richard Grant, Chairman of Industrials REIT
Industrials REIT first disclosed its intention to list on the LSE premium market in its annual results in June.
The company said subject to regulatory approval, it will submit an application for the migration of the listing of its ordinary shares from a primary listing to the secondary listing of the main board of the JSE.
CEO Paul Arenson told Business Day earlier this month that shares on the JSE make up about 20% of total fund shares.
Support our award-winning journalism. The Premium package (digital only) is R30 for the first month and thereafter you pay R129 p/m now ad-free for all subscribers.
Industrials REIT to start trading on London Stock Exchange premium segment on 20 December
The company will also apply to migrate the listing of its ordinary shares from a primary listing to the secondary listing of the main board of the JSE
Industrials REIT, formerly Stenprop Ltd, expects to start trading on the London Stock Exchange (LSE) premium segment of main market from Monday, a move that will expose it to a deeper pool of capital.
“Moving to the premium segment of the main market is a significant milestone, which will bring a number of benefits and reflects how far we have come as a company in a relatively short time,” said Richard Grant, Chairman of Industrials REIT
Industrials REIT first disclosed its intention to list on the LSE premium market in its annual results in June.
The company said subject to regulatory approval, it will submit an application for the migration of the listing of its ordinary shares from a primary listing to the secondary listing of the main board of the JSE.
CEO Paul Arenson told Business Day earlier this month that shares on the JSE make up about 20% of total fund shares.
mhlangad@businesslive.co.za
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