Greencoat Renewables, which obtained a secondary AltX JSE listing in June 2025 and which invests in renewable energy technology in Europe, is moving to the Main Board of the JSE.
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Greencoat Renewables (GRP), the renewable energy infrastructure company investing in European renewable energy generation assets, is transferring its secondary listing on the AltX to a dual primary listing on the Main Board of the JSE.
The company, which has the Euronext exchange in Dublin, Ireland as its main listing, said on Tuesday that the transfer of the listing from AltX, effective from May 28, 2026, arose because “the company continues to see active engagement from South African institutional investors, reflecting confidence in GRP's established platform and track record.”
“The Main Board of the JSE provides the appropriate platform for further market visibility and investor access,” GRP’s directors said.
No new ordinary shares would be issued in connection with the reclassification and transfer, and the company would continue to maintain its listings on Euronext Growth in Dublin and the Alternative Investment Market in London.
Valeo Capital would continue to act as the company's sole JSE corporate advisor and sponsor.
Schroders Greencoat investment manager Paul O'Donnell said: "The transition to the Main Board of the JSE reflects the continued evolution of Greencoat Renewables as a leading European renewable infrastructure business.”
He said they had seen growing interest from South African investors, and the move would enhance their ability to access that capital base while increasing the company's visibility.
“We believe the Main Board of the JSE provides an appropriate setting to support our next phase of growth, underpinned by disciplined capital allocation and a focus on long-term value creation," said O’Donnell.
Greencoat Renewables chairman Bernard Byrne said: "We are pleased to proceed with our planned transfer to the Main Board of the JSE, following strong support from shareholders. This marks an important milestone in Greencoat's development as a listed company.”
He said the JSE’s Main Board listing was an appropriate exchange for a business of Greencoat’s scale and maturity, and one that aligned well with their long-term strategy.
“The company's board remains focused on disciplined capital allocation and maintaining the resilience of our portfolio, while continuing to deliver attractive dividends for shareholders,” he said.
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