Real Estate Company Attacq Lists On The A2X
Real Estate Company Attacq Lists On The A2X. Attacq Limited, a Real Estate Investment Trust (REIT), is to list its shares for trade on A2X Markets (A2X) effective 16 November 2022. 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.
Attacq will retain its primary listing on the Johannesburg Stock Exchange (JSE) and its issued share capital will be unaffected by its secondary listing on A2X. Attacq is well known for its flagship development of Waterfall City, which is anchored by the 130,000m2 Mall of Africa – the largest, retail development constructed in a single-phase in Africa – and is one of South Africa’s most successful mixed-use precincts. Attacq also has a 6.5% stake in Eastern European focused MAS P.L.C. (MAS) which already has a listing on A2X.
On 16 November, Attacq will join seven other real estate companies with a secondary listing on A2X, these include Growthpoint Properties, Equites Property Fund, Fairvest, MAS, NEPI Rockcastle, SA Corporate Real Estate and Stor-Age. Attacq CEO, Jackie van Niekerk commented, “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 A2X that offers – lower exchange fees, narrower spreads and added liquidity.”
A2X CEO Kevin Brady said, “We warmly welcome Attacq’s listing on A2X next week and are excited to announce it’s the eighth company in the real estate sector to do so, thus further supporting the merits that a secondary listing offers to all investors.” The listing will bring the number of instruments listed on A2X to 89 with a combined market capitalisation of around R5 trillion. Over 50% of the SA property market, measured by market cap, now have listings on A2X. A2X is regulated by the Financial Sector Conduct Authority and the Prudential Authority (SARB) in terms of the Financial Markets Act.
