Astoria Investments Limited debuts on AltX
Johannesburg, 25 November 2015: Today the Johannesburg Stock Exchange (JSE) welcomed Astoria Investments Limited onto the Financial Services sector of its AltX board by way of secondary listing, following a successful private placement.
Astoria Investments Limited is the 7th company to list on the AltX board in 2015 and the 62nd company to join this segment of the exchange. The AltX board has an overall market capitalisation of R28.66 billion.
The listing on AltX will support Astoria Investments Limited’s objectives to increase the liquidity of listed shares by broadening its investor base to shareholders looking to generate value in equity markets outside of South Africa.
Astoria Investments Limited is an investment company that is focused on achieving strong USD capital appreciation over the medium to long term by investing in a range of global equities, high quality listed companies in mostly development markets. Its key differentiator rests with its low fee structure and offshore portfolio, providing investors with exposure to an actively managed offshore portfolio through a single listed share listed on the JSE.
Commenting on the listing, JSE head of Capital Markets, Donna Oosthuyse, says, “I would like to congratulate Astoria Investments Limited, their listing is a positive development, not only for the company, but also for investors who will be afforded an opportunity to capitalise on Astoria’s growth, as well as increase their exposure to offshore equities through one share.”
The company’s listing follows a successful private placement after raising a total of R1.8 billion. This followed the offer to subscribe to shares for up to 150 000 000 Astoria Investments Limited shares at the issue price of USD1.00 per share.
The AltX board provides smaller companies with access to capital while giving investors exposure to fast-growing companies in a regulated environment.
The Johannesburg Stock Exchange is based in South Africa where it has operated as a market place for the trading of financial products for 125 years. It connects buyers and sellers in equity, derivative and debt markets. The JSE is one of the top 20 exchanges in the world in terms of market capitalisation and is a member of the World Federation of Exchanges (WFE). The JSE offers a fully electronic, efficient, secure market with world class regulation, trading and clearing systems, settlement assurance and risk management. www.jse.co.za
H+K Strategies South Africa
Tel: +27 11 463 2198
Director: Capital Markets