Grit Real Estate Income Group JSE delisting offer unconditional--JSE Offer Result (0596U)
24 July 2020 - 11:30PM
UK Regulatory
TIDMGR1T
RNS Number : 0596U
Grit Real Estate Income Group
24 July 2020
GRIT REAL ESTATE INCOME GROUP LIMITED
(Registered by continuation in the Republic
of Mauritius)
(Registration number: C128881 C1/GBL)
SEM share code: DEL.N0000
JSE share code: GTR
LSE share code: GR1T
ISIN: MU0473N00036
LEI: 21380084LCGHJRS8CN05
("Grit" or the "Company")
JSE DELISTING OFFER UNCONDITIONAL - RESULTS OF THE OFFER TO JSE
SHAREHOLDERS
Shareholders of Grit (" Shareholders ") are referred to the
announcements released by the Company on 11 June 2020 and 10 July
2020 and the circular dated 11 June 2020 (" Circular ") relating
to, inter alia, the proposed delisting of the Company from the Main
Board of the JSE Limited by means of an offer (the " Offer ") by
Botswana Development Corporation Limited and Zep-Re (PTA
Reinsurance Company).
Shareholders are hereby advised that the maximum number of
shares for which acceptances may have been received has not been
exceeded and accordingly all the conditions precedent to the Offer
have been fulfilled and the Offer has now become unconditional.
Accordingly, the settlement of the Offer will proceed in
accordance with the timetable set out in the Cirular and Grit will
delist from the Main Board of the JSE Limited with effect from
Wednesday, 29 July 2020.
By order of the Board
24 July 2020
FOR FURTHER INFORMATION PLEASE CONTACT:
Grit Real Estate Income Group Limited
Bronwyn Corbett, Chief Executive Officer +230 269 7090
Darren Veenhuis, Head of Investor Relations +44 779 512 3402
Maitland/AMO - Communications Adviser
James Benjamin +44 20 7379 5151
Jason Ochere Grit-maitland@maitland.co.uk
finnCap Ltd - UK Financial Adviser
William Marle / Matthew Radley (Corporate
Finance) +44 20 7220 5000
Mark Whitfeld (Sales) +44 20 3772 4697
Monica Tepes (Research) +44 20 3772 4698
Perigeum Capital Ltd - SEM Authorised Representative
and Sponsor
Shamin A. Sookia +230 402 0894
Kesaven Moothoosamy +230 402 0898
PSG Capital - JSE Sponsor and Corporate
Adviser
David Tosi +27 21 887 9602
The Company's LEI is: 21380084LCGHJRS8CN05
NOTES:
Grit Real Estate Income Group Limited is a leading pan-African
real estate company focused on investing in and actively managing a
diversified portfolio of assets in carefully selected African
countries (excluding South Africa). These high-quality assets are
underpinned by predominantly US$ and Euro denominated long-term
leases with a wide range of blue-chip multi-national tenant
covenants across a diverse range of robust property sectors.
The Company is committed to delivering strong and sustainable
income for Shareholders, with the potential for income and capital
growth. The Company is targeting a net total shareholder return
inclusive of net asset value growth of 12.0% per annum.*
The Company currently holds primary listings on both the Main
Market of the London Stock Exchange (LSE: GR1T) and on the Main
Board of the Johannesburg Stock Exchange (JSE: GTR), while its
listing on the Official Market of the Stock Exchange of Mauritius
Ltd is termed as a secondary listing (SEM: DEL.N0000).
Further information on the Company is available at
http://grit.group/
* These are targets only and are not a profit forecast, there
can be no assurance that they will be met. Any forward-looking
statements and the assumptions underlying such statements are the
responsibility of the board of directors of the Company and have
not been reviewed or reported on by the Company's external
auditors.
Directors:
Peter Todd(+) (Chairman), Bronwyn Corbett (Chief Executive
Officer)*, Leon van de Moortele (Chief Financial Officer)*, Nomzamo
Radebe, Catherine McIlraith(+) , David Love(+) , Sir Samuel Esson
Jonah(+) , and Bright Laaka (Permanent Alternate Director to
Nomzamo Radebe)
(* Executive Director) ((+) independent Non-Executive
Director)
Company secretary: Intercontinental Fund Services Limited
Registered address: c/o Intercontinental Fund Services Limited,
Level 5, Alexander House, 35 Cybercity, Ebène, 72201, Mauritius
Transfer secretary (South Africa): Computershare Investor
Services Proprietary Limited
Registrar and transfer agent (Mauritius): Intercontinental
Secretarial Services Limited
UK Transfer secretary: Link Asset Services
Corporate advisor and JSE sponsor: PSG Capital Proprietary
Limited
SEM authorised representative and sponsor: Perigeum Capital
Ltd
This notice is issued pursuant to the LSE Listing Rules, JSE
Listings Requirements, SEM Listing Rule 11.3 and the Mauritian
Securities Act 2005. The Board of the Company accepts full
responsibility for the accuracy of the information contained in
this communiqué.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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