Redefine to be included in Top 40 Index
The Johannesburg Stock Exchange has announced that Redefine Properties will be included in the FTSE/JSE Top 40 Index, making it one of the 40 largest listed companies in South Africa by market capitalisation.
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Redefine's inclusion in the Top 40 will take effect from 21 September.
For Redefine, inclusion in the Top 40 is a significant milestone in its 15th year of listing, which demonstrates the growth of the company in recent years. Being included in the Top 40 transforms the investment profile, which already has a broad spread of local and international investors.
"We are thrilled with this latest development as it is testimony of the growth and diversification strategy of the company - a process embarked upon some time back. Inclusion in the Top 40 strongly positions us to access capital to continue our expansion strategies and is part of our journey to becoming the best South African Real Estate Investment Trust," Andrew Konig, CEO of Redefine said.
