Hyprop Announces Secondary Listing On A2X
Hyprop Announces Secondary Listing On A2X. Leading specialist shopping centre Real Estate Investment Trust (REIT) company Hyprop has announced that it will be listing on the A2X Markets. The company joins eight other real estate companies to be listed on the A2X such as Attacq, Equities Property Fund and Fairvest.
Hyprop said in a statement, “Shareholders are hereby advised that Hyprop’s ordinary shares have been approved for inclusion in the listof qualifying equity securities to be traded on the A2X exchange in South Africa (“A2X”) with effect from7 December 2022 (the “A2X listing date”). Hyprop’s primary listing on the JSE Limited and issued share capital will be unaffected by the secondarylisting on A2X and its shares will commence trading on A2X from the A2X listing date.”
Hyprop is a leading specialist shopping centre Real Estate Investment Trust (REIT). The company operates a portfolio of shopping centres in major metropolitan areas across South Africa, sub-Saharan Africa. It creates safe environments and opportunities for people to connect and have meaningful and authentic experiences. Hyprop is a retail focused REIT, owning and managing a c. R42 billion portfolio of mixed-use precincts underpinned by dominant retail centres in key economic nodes in South Africa and Eastern Europe.
A2X is a licensed stock exchange authorised to provide a secondary listing venue for companies and isregulated by the South African Financial Sector Conduct Authority in terms of the Financial Markets Act 19 of 2012. An experienced team hand-picked from across the financial and technology industries, run the exchange. This experience, combined with cutting-edge technology, stable systems and an agile environment enable A2X to provide the market with an efficient and cost-effective trading venue to secondary list and trade shares.
