The shares of Deutsche Konsum REIT-AG ("DKR") (ISIN DE000A14KRD3) were listed on the Johannesburg Stock Exchange ("JSE") today. The announced secondary listing in South Africa has thus been successfully implemented. The secondary listing is not linked to a capital increase.
Prior to the listing on the JSE, DKR held a successful roadshow with South African investors in the previous week and attended more than 20 different meetings. The great interest of investors in DKR's equity story and the secondary listing in South Africa was once again confirmed.
With the secondary listing on the JSE, DKR intends to build up a track record with South African investors in the medium to long term and to improve the liquidity of the share in the foreseeable future.
Rolf Elgeti, CEO of Deutsche Konsum REIT-AG: "We are delighted to be listed on the JSE, making us the first German REIT to have a listing in South Africa. We are convinced that this is a sensible step to tap into the professional and real estate affine investor base in South Africa that is looking to benefit from DKR's continued growth."
