Assura seals secondary listing in Johannesburg

Healthcare real estate investor Assura is taking a secondary stock market listing on the Johannesburg Stock Exchange. The team said the listing would “provide a new potential pool of capital to fund the company’s continued growth”. Trading is expected to take effect on 21 November. Chief executive Jonathan Murphy said: “We are delighted that our secondary listing on the Johannesburg Stock Exchange, which we believe will contribute to liquidity in our shares, has been approved. “As the UK’s leading diversified healthcare REIT, Assura offers an attractive proposition to South African investors. We look forward to welcoming them onto our share register. Our high-quality assets offer long-term secured and growing income, underpinned by the long-term structural demand for healthcare services.” HSBC is acting as listing co-ordinator and corporate broker and Nedbank Corporate and Investment Banking as corporate adviser and JSE sponsor.