Secondary Listing on Johannesburg Stock Exchange
Source: RNS
Greencoat Renewables approval of secondary listing on the Johannesburg Stock Exchange
Dublin, London | 21 May 2025: Greencoat Renewables PLC ("Greencoat" or "the Company") is pleased to confirm that the Johannesburg Stock Exchange ("JSE") has granted approval to Greencoat for a secondary listing on the Alternative Exchange ("AltX") of the JSE. The listing and commencement of trading will take effect on Monday, 9 June 2025.
The Company has released a pre-listing announcement ("PLA") on the Stock Exchange News Service of the JSE in relation to the secondary inward listing of the Company on the AltX by way of an introduction ("Listing"). The PLA can be found on the Company's website: Report and Publications - Greencoat Renewables
The admission to trading of its shares on the JSE is expected to be beneficial to the Company over time as it will enhance liquidity, diversify the shareholder base and position Greencoat for growth by providing access to a new and deep capital market.
The Company will not place or issue any new GRP shares as part of the Listing and will remain listed on the Euronext Growth Market in Dublin and the Alternative Investment Market in London.
Ronan Murphy, Non-Executive Chairman of Greencoat Renewables, said:
"We are delighted to have been granted approval for a secondary listing on the JSE. Greencoat Renewables' return profile offers an attractive proposition to South African investors who we look forward to welcoming onto our share register. Our listing on the JSE further demonstrates our innovative and proactive approach to improving liquidity'.
For further information:
Schroders Greencoat LLP (Investment Manager) |
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Bertrand Gautier |
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Paul O'Donnell |
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John Musk |
+44 20 7832 9495 |
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Valeo Capital Proprietary Limited (Corporate Advisor & JSE Sponsor) |
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Johannes Human and David Tosi |
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Prescient Securities (South African Stockbroker) |
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Stephen Heath and Surette Drew |
+27 21 700 3797 |
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FTI Consulting (Investor Relations & Media) |
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Sam Moore |
+353 86 231 4135 |
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Aoife Mullen |
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Barclays Bank PLC (Joint Broker) |
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Dion Di Miceli |
+44 20 7623 2323 |
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Stuart Muress |
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James Atkinson |
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Davy (Joint Broker, NOMAD and Euronext Growth Listing Sponsor) |
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Brian Garrahy Ronan Veale |
+353 1 679 6363 |
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RBC Capital Markets (Joint Broker) |
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Matthew Coakes |
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Elizabeth Evans |
+44 20 7653 4000 |
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