Real estate investment trust Attacq will list its shares for trade on A2X Markets (A2X), effective November 16.
A2X is a licensed stock exchange that provides a secondary venue for companies to list their shares for trade. It provides a cost-effective exchange platform for Attacq to improve its shares’ liquidity and investor base, the company says.
Attacq will retain its primary listing on the JSE and its issued share capital will be unaffected by its secondary listing on A2X.
Attacq’s flagship development is Waterfall City, which is anchored by the Mall of Africa. Attacq also has a 6.5% stake in Eastern Europe-focused MAS, which already has a listing on A2X.
Attacq will join seven other real estate companies with secondary listings on A2X. These are Growthpoint Properties, Equites Property Fund, Fairvest, MAS, NEPI Rockcastle, SA Corporate Real Estate and Stor-Age.
“Our purpose is to create sustainable value for all stakeholders. Our secondary listing on A2X reiterates this commitment by diversifying accessibility to transact our shares and capture the benefits that A2X offers – lower exchange fees, narrower spreads and added liquidity,” says Attacq CEO Jackie van Niekerk.