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Africa|Business
Africa|Business
africa|business

Hyprop to list on A2X

30th November 2022

By: Schalk Burger

Creamer Media Senior Deputy Editor

     

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Retail-focused real estate investment trust Hyprop Investments will list its shares for trade on A2X Markets from December 7.

Hyprop retains its primary listing on the JSE and its issued share capital will be unaffected by its secondary listing on A2X.

Hyprop owns and manages a portfolio of dominant retail centres in key economic nodes in South Africa and Eastern Europe.

“At Hyprop, we have a multi-skilled, diverse team of experts and a solid business model focusing on delivering long-term value to all our stakeholders. Our secondary listing on A2X gives more choice and savings to our current investors and also provides the opportunity to attract new ones,” Hyprop CEO Morné Wilken says.

“We are pleased to be welcoming Hyprop to A2X. Their listing brings the number of property stocks listed on A2X to 9 and represents almost 60% of the sector by market cap. Hyprop’s addition, further endorses the benefits a secondary listing creates for a company’s investors, namely choice, lower fees, added liquidity and narrower spreads,” said A2X CEO Kevin Brady.

The listing will bring the number of instruments listed on A2X to 93, with a combined market capitalisation of R5.3-trillion.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

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