Business

Shaftesbury Capital to list on A2X

London-based mixed-use REIT Shaftesbury Capital will list its shares for trade on A2X from 3 October 2023.

A2X is a licensed stock exchange that provides a secondary listing venue for companies.

Shaftesbury Capital will retain its primary listing on the London Stock Exchange (LSE) and secondary listing on the Johannesburg Stock Exchange (JSE) and its issued share capital will be unaffected by the additional listing on A2X.

In March this year, Capital & Counties Properties PLC merged with Shaftesbury PLC to form Shaftesbury Capital PLC.

Shaftesbury Capital is a leading central London mixed-use REIT and a constituent of the FTSE-250 Index. 

Its property portfolio, valued at £4.9 billion (R112.78 billion) as of June 2023, extends to 2.9 million square feet of lettable space across areas of London’s West End.

“With a diverse mix of restaurants, cafés, bars, shops, residential and offices, their destinations include the high footfall, thriving neighbourhoods of Covent Garden, Camaby, Soho and Chinatown, together with holdings in Fitzrovia,” A2X said today. 

A2X CEO Kevin Brady said, “By listing on A2X, Shaftesbury Capital shareholders will now have access to additional liquidity, lower exchange fees and narrower spreads when they transact in Shaftesbury Capital shares.”

“We look forward to welcoming them to our market next week and demonstrating the benefits that a listing on A2X will bring to their investors.”

According to the company, 87% of all property companies listed in South Africa now have an additional listing on A2X.

These include Attacq, Equites Property Fund, Fortress Real Estate, Growthpoint, Hyprop MAS PLC, NEPI Rockcastle and Stor-Age.

Other well-known South African companies trading on A2X include AVI, Barloworld, Coronation, Exxaro, Discovery, Life Healthcare, Implats, Investec, Mr Price, Naspers, Nedbank, Netcare, Pick n Pay. PPC, Remgro, Saniam, Sasol, Shoprite, Sun International, Standard Bank, WBHO and Woolworths.

At the time of writing, A2X has 180 listed instruments and a market cap of R10.5 trillion.

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