Wind and solar energy group Greencoat Renewables confirmed today that the Johannesburg Stock Exchange has granted approval to Greencoat for a secondary listing on the Alternative Exchange of the JSE.
The listing and commencement of trading will take effect on Monday, June 9.
The company said admission to 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.
It added that it remain listed on the Euronext Growth Market in Dublin and the Alternative Investment Market in London.
“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,” Ronan Murphy, Greencoat’s non-executive chairman said.
