Greencoat Renewables is expected to list on the Johannesburg Stock Exchange (JSE) on Monday, 9 June.
GreenCoat has a market capitalisation of €850 million, with a current dividend yield of c9% and a dividend cover of c.1.x to 2029.
The company said the significance of this secondary listing on the JSE’s Alternative Exchange, marks an important milestone for the business, allowing access to a wider pool of international capital.
Ronan Murphy, Non-Executive Chairman of Greencoat Renewables, said “we are delighted to have been granted approval for a secondary listing on the JSE. Greencoat Renewables’ return profile offers an attractive proposition to South African investors who we look forward to welcoming onto our share register. Our listing on the JSE further demonstrates our innovative and proactive approach to improving liquidity”.
The company is also listed on the Euronext Growth Dublin and the AIM in London.
Picture of Greencoat’s solar park in Ireland.