Fairvest to list on A2X

Posted On Wednesday, 04 May 2022 10:39 Published by
Rate this item
(0 votes)

Fairvest Limited has been approved for a secondary listing on A2X Markets and will be available to trade on A2X Markets from 11 May 2022. This follows the merger of Arrowhead Properties Limited and Fairvest Property Holdings, creating the largest SA-focused REIT. 

Fairvest will retain its listing on the Johannesburg Stock Exchange and its issued share capital will be unaffected by its listing on A2X. Both A ordinary shares and B ordinary shares will be available for trade on A2X.

Fairvest Property Holdings Limited and Arrowhead Properties Limited merged on 31 January 2022 setting the stage for the creation of a mid-sized JSE-listed property company with assets of approximately R11.78 billion.

Fairvest CEO Darren Wilder said: “Fairvest Property Holdings first listed on A2X in October 2019 to complement our primary listing and give our investors the option to trade across markets. It was a natural progression to relist on A2X after the merger as we continue to look at all ways to save costs and put our shareholders first.”

A2X CEO Kevin Brady added: “We are pleased to be welcoming Fairvest to A2X next week and look forward to helping them unlock even more value for their shareholders through our lower fees, increased liquidity and narrower spreads.”

The listing will bring the number of instruments available for trade on A2X to 66 with a combined market capitalisation of around R4 trillion. Fairvest joins Equites, GrowthPoint, Nepi Rockcastle and recently listed SA Corporate Real Estate from the property sector on the exchange.

A2X is a licensed stock exchange that provides a secondary listing venue for companies. It is regulated by the Financial Sector Conduct Authority and the Prudential Authority (SARB) in terms of the Financial Markets Act. 

Last modified on Wednesday, 04 May 2022 10:45

Most Popular

Equites Property Fund’ prime logistics portfolio delivers exceptional returns

May 04, 2022
Andrea Taverna-Turisan
Equites Property Fund Limited today announced growth in its distribution per share of…

When is eviction legal? All you need to know about dealing with problem tenants

May 04, 2022
Buying an investment property is great, especially when you’ve chosen a good location.…

Steilloop Shopping Centre makeover exceeds customer needs

Apr 22, 2022
Rural Limpopo's Steilloop Shopping Centre was bought by developer, GMI Property Group…

Deadline looms for energy performance compliance for commercial buildings

Apr 25, 2022
Energy certiticate
By 7 December 2022, commercial properties in specified sectors must have obtained their…

First quarter Rode’s Report raises doubts over the Sectional Titles Schemes Management Act

Apr 25, 2022
Default Image
The latest issue of the Rode’s Report has brought into question the practicality of the…

Please publish modules in offcanvas position.