Shares in German business parks operator Sirius Real Estate have been admitted to the main market of the London Stock Exchange (LSE) from the AIM and have transferred from the Alt-X market to the main board of the Johannesburg Stock Exchange (JSE).
'We are delighted to have completed the step up onto the LSE’s main market and the main board of the JSE. The move is a reflection of the progress we have made in developing the business and of our appetite to continue the momentum we have created,' commented Andrew Coombs, chief executive of Sirius.
'Looking ahead, there are good opportunities to increase our property portfolio and the broader trading platform of these two premier markets with their deeper pools of domestic and international investors will be key in helping achieve this,' Coombs added.
According to Sirius' directors, the main markets of both stock exchanges represent a more appropriate platform for the continued growth of the business, raising its profile and status.
Previously, shares in Sirius were traded on the LSE's AIM market in euros, but will now be traded in sterling. The trading currency on the JSE will remain as rand.
