UK-Based Assura is set to list on the Johannesburg Stock Exchange (JSE) next week.<\/p>\n\n\n\n
Assura is a diversified healthcare REIT. It manages over 600 healthcare buildings and services over six million patients annually.<\/p>\n\n\n\n
The group’s portfolio is valued at \u00a33.2 billion (R75 billion).<\/p>\n\n\n\n
The group has been listed on the London Stock Exchange (LSE) since 2003.<\/p>\n\n\n\n
“The company’s buildings support the trend of moving a greater range of services out of hospital into a community setting and recent areas of strategic expansion have included diagnostic treatment centres for NHS Trusts,” said the group.<\/p>\n\n\n\n
The group’s latest financial results were also strong, with the company’s portfolio of 625 properties seeing an annualised rent roll of \u00a3179.1 million (R4.1 billion).<\/p>\n\n\n\n
It also completed the acquisition of 14 private hospitals for \u00a3500m (R11 billion) with day one rental income of \u00a329.4 million (R680 million).<\/p>\n\n\n\n
Three developments have been completed with a total combined spend of \u00a346 million (R1 billion).<\/p>\n\n\n\n
Assura also recently sold 12 assets for cash proceeds of \u00a325 million (R580 million), with five developments with a total cost of \u00a344 million (R1 billion)and \u00a327 million (R625 billion) remaining to be spent.<\/p>\n\n\n\n
The group also revealed its rationale for its listing on the main board of the JSE:<\/p>\n\n\n\n
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The Financial Surveillance Department of the South African Reserve Bank has already approved Assura’s secondary listing on the JSE’s Main Board, which will be classified as ‘domestic’.<\/p>\n\n\n\n
The company is using the fast-track listing process, which the JSE introduced for companies seeking a secondary listing in South Africa.<\/p>\n\n\n\n
This system was designed to make it easier for companies already listed on accredited exchanges such as the London Stock Exchange to access the South African capital markets in a much shorter timeframe.<\/p>\n\n\n\n
Assura will retain its primary listing on the LSE’s Main Market, and shares traded on the JSE will be fully fungible with those on the LSE.<\/p>\n\n\n\n
The listing and commencement of trading of Assura ordinary shares on the Main Board of the JSE will start at 09h00 on Thursday, 21 November.<\/p>\n\n\n\n
The latest to join<\/strong><\/p>\n\n\n\n Assura is now the latest company to join the Johannesburg Stock Exchange following years of delistings on the stock market.<\/p>\n\n\n\n Pick n Pay recently unbundled its Boxer business as part of a capital-raising initiative.<\/p>\n\n\n\n Boxer has been one of the group’s stand-out performers but was not able to stop the retailer from a R827.4 million loss for the interim period of 26 weeks ending 25 August 2024.<\/p>\n\n\n\n Other additions to the JSE this year include We Buy Cars, Rainbow Chicken and AltVest.<\/p>\n\n\n\n Looking ahead, Christo Wiese-backed Brait also plans to list Virgin Active on the London and Johannesburg stock exchanges in 2026.<\/p>\n\n\n\n
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