LONDON (Alliance News) - Raven Property Group Ltd said Friday it has received formal approval for a secondary listing on the Johannesburg Stock Exchange.
The company said the Financial Surveillance Department of the South African Reserve Bank has approved the secondary listing and has classified the shares as "domestic" for exchange control purposes.
Raven Property said it has been pursuing secondary listings of all its issued share capital in Johannesburg and the Moscow Stock Exchange.
The company said it will continue to progress its Moscow secondary listing.
Shares in Raven Property closed down 1.5% Friday at 39.90 pence each.
