South Africa

Attacq to list on A2X

Real Estate Investment Trust (REIT) Attacq is to list its shares for trade on A2X Markets (A2X) effective 16 November 2022.

A2X 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 Waterfall City development, which is anchored by the 130,000-square-meter Mall of Africa.

Attacq also has a 6.5% stake in Eastern European-focused 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.

The other real estate companies are Growthpoint Properties, Equites Property Fund, Fairvest, MAS, NEPI Rockcastle, SA Corporate Real Estate and Stor-Age.

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 has listings on A2X.

A2X is regulated by the Financial Sector Conduct Authority and the Prudential Authority (SARB) in terms of the Financial Markets Act.

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