(Alliance News) – Primary Health Properties PLC said on Tuesday it will debut on the Johannesburg Stock Exchange next week amid strong investor interest in Africa’s most industrialized economy.
The London-based healthcare investor first revealed plans to list on the JSE early last month, but did not specify an actual IPO date as it awaited regulatory approvals in South Africa.
On Tuesday, the company said it planned to list on the JSE next Tuesday, suggesting it had received all regulatory approvals in South Africa.
The company said it would not issue new shares in connection with the Johannesburg listing and would remain listed on the London Stock Exchange.
The primary care specialist said he believed a listing on the JSE would be beneficial for the company and its stakeholders.
“PHP’s board believes that the secondary listing is expected to contribute to the liquidity of the group’s shares through increased visibility in the South African market, where a number of investors have already expressed strong interest in PHP, due to its high-quality management-guaranteed revenues and strong operating model,” they said. from the group.
Primary Health has appointed PSG Capital Pty Ltd as corporate advisor and sponsor.
Shares in Primary Health rose 1.9% to 90.90 pence in London on Tuesday morning.
Artwell Dlamini, Alliance News reporter
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