DGAP-News: Deutsche Konsum REIT-AG / Key word(s): Regulatory Approval
Deutsche Konsum REIT: Secondary listing of DKR shares on the Johannesburg Stock Exchange expected on 8 March 2021
Attracting further professional investors
Previous roadshows in South Africa have already shown a high level of interest in DKR's business model from institutional and professional investors. Prior to the expected commencement of trading on 8 March 2021, DKR will conduct a three-day virtual roadshow with local institutional investors.
Furthermore, DKR considers the JSE to be a well-established investment platform for potential future capital raisings to fund the Company's continued strong growth. Furthermore, DKR expects the liquidity of the share to improve in the foreseeable future due to the secondary listing on the JSE.
DKR German stock exchange pioneer in South Africa
The Pre-Listing Statement approved by the JSE is now available on the Company's website at https://www.deutsche-konsum.de/en/investor-relations/secondary-listing/.
Rolf Elgeti, CEO of Deutsche Konsum REIT-AG: "We are very pleased that the DKR shares are now the first German company to be traded in South Africa. We are convinced that this opens up a special opportunity for South African investors to invest in a German REIT with a focus on robust and non-cyclical local shopping properties with everyday tenants. At the same time, we believe that we can generate additional financial support in South Africa to continue to grow strongly and profitably in the future."
About the Company
Due to its REIT status ('Real Estate Investment Trust'), the Company is exempt from corporation and trade tax. The shares of the Company are listed on the Prime Standard of the Deutsche Boerse (ISIN: DE 000A14KRD3). Furthermore, the shares are expected to be traded on the JSE (South Africa) by way of a secondary listing from 8 March 2021. Further information on the Company can be found at https://www.deutsche-konsum.de/en/.
|Company:||Deutsche Konsum REIT-AG|
|Phone:||+49 (0)331 740076517|
|Fax:||+49 (0)331 740076520|
|Listed:||Regulated Market in Berlin, Frankfurt (Prime Standard); Regulated Unofficial Market in Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange|
|EQS News ID:||1169622|
|End of News||DGAP News Service|