The real estate group becomes the latest company to list its shares on the A2X Exchange in South Africa.
A2X announced on Monday that Equities Property Fund has been approved for a secondary listing on its trading platform, with its shares being available for trade from July.
The real estate company will retain its primary listing on the JSE and its issued share capital will be unaffected by its secondary listing.
Equities Property Fund’s listing will bring the number of securities available for trade on A2X to 22, with a combined market capitalisation of over R2.4 trillion.
A2X is a licensed stock exchange authorised to provide a secondary listing venue for companies and is regulated by the Financial Sector Conduct Authority of South Africa. A2X is a new entrant in the securities trading market, which was previously monopolised by the JSE.
Equities CEO Andrea Taverna-Turisan (pictured) said about the company’s listing on A2X:
“We see this listing on A2X as another opportunity to attract potential new investors and deliver even more value to our shareholders by providing our investors with the choice of a low-cost venue on which to transact our shares.”
A2X CEO Kevin Brady said that this is the third company from the real estate sector to list on A2X, which indicates growing depth across the various market sectors. Other real estate companies that have listed on A2X are Nepi Rockcastle and Growthpoint Properties.
“We are excited to see an increasing number of companies using the opportunity to capture the benefits that a secondary listing offers. We warmly welcome Equities to our growing list of companies,” he said.