Prop­erty group shifts list­ing

The Star Early Edition - - COMPANIES -

SIR­IUS Real Es­tate, which owns and op­er­ates a port­fo­lio of branded busi­ness parks in Ger­many, yes­ter­day con­firmed its in­ten­tion to ap­ply for list­ing of its shares on the main mar­ket of the Lon­don Stock Ex­change, and can­cel its list­ing on AIM. The com­pany also con­firmed it had re­ceived ap­proval for the trans­fer of its or­di­nary shares to the main board of the JSE from AltX. Sir­ius added it ex­pected trad­ing in the com­pany’s shares to com­mence on the main mar­kets of both the LSE and JSE, and si­mul­ta­ne­ously be can­celled on AIM and AltX on about March 6. How­ever, it said this was sub­ject to the nec­es­sary ap­provals from the UK List­ing Au­thor­ity, the LSE as well as the nec­es­sary res­o­lu­tions be­ing passed by its share­hold­ers at an ex­tra­or­di­nary gen­eral meet­ing in Lon­don on Fe­bru­ary 23. Sir­ius said it be­lieved ad­mis­sion to the LSE and JSE would pro­vide a more ap­pro­pri­ate plat­form for the con­tin­ued growth of the group, and fur­ther raise its pro­file and sta­tus as a high-qual­ity real es­tate busi­ness. The trans­fers would place the com­pany in a bet­ter po­si­tion to im­prove the liq­uid­ity of its shares, give it a higher pro­file and in­crease its ap­peal to a wider range of in­ter­na­tional in­vestors, Sir­ius said. – Roy Cokayne

Newspapers in English

Newspapers from South Africa

© PressReader. All rights reserved.