[South Africa] Growthpoint shares begin trading on A2X
Growthpoint Properties shares have begun trading on A2X as it became the first property company and tenth counter to join the exchange with its secondary listing. Growthpoint retains its primary listing on the JSE.
Growthpoint is an international property company with assets on three continents and South Africa’s largest listed REIT. It provides space to thrive with innovative and sustainable property solutions and owns and manages a diversified portfolio of property assets. Growthpoint has a market capitalisation of R80 billion and is a constituent of the FTSE/JSE Top 40 Index and the FTSE4Good Emerging Index, a Top 10 constituent of the FTSE EPRA/NAREIT Emerging Index and has spent eight years in the FTSE/JSE Responsible Investment Index.
Norbert Sasse, Group CEO of Growthpoint Properties, says: “By taking up a secondary listing on the A2X platform, Growthpoint is enabling increased choice and encouraging competition aligned with global best practices. We are pleased to play a part in growing and adding efficiency to South Africa’s financial markets.”
Head of Investor Relations at Growthpoint, Lauren Turner, adds: “We welcome the benefits that a second trading platform in South African offers our existing shareholders, potential investors, and brokers.”
A2X CEO, Kevin Brady says, “We are delighted to have Growthpoint’s shares available for trade on the A2X platform as of today. Not only is their listing an important milestone for us but an important message of support for free market principals and the benefits that competition creates for the end- investors and the broader industry.”