Pan-African property investor Grit Real Estate Income Group has made official its move to the London Stock Exchange’s premium listing segment, a change it hopes will raise its profile among international investors.
Last year the company announced that it would apply to move its London shares from a standard to premium listing, a shift that takes place today.
Grit argues that the move will allow the company to be considered for FTSE index inclusion, boost its capital markets profile and open new opportunities for raising fresh money.
The Mauritius-based company has been making several changes aimed at broadening its investor base and allowing it to access new sources of funding.
As well as planning to move its domicile to Guernsey, the company last year de-listed its shares from the Johannesburg exchange, making London its sole stock quote. At the time, chief executive Bronwyn Corbett said the move would “provide the company deeper and wider access to capital markets”.
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