TIDMGR1T
RNS Number : 8032J
Grit Real Estate Income Group
24 December 2020
GRIT REAL ESTATE INCOME GROUP LIMITED
(Registered by continuation in the
Republic of Mauritius)
(Registration number: C128881 C1/GBL)
LSE share code: GR1T
SEM share code: DEL.N0000
ISIN: MU0473N00036
LEI: 21380084LCGHJRS8CN05
("Grit" or the "Company" or the "Group")
SEM APPROVAL FOR GENERAL AUTHORITY TO ISSUE ADDITIONAL SHARES
AND
ISSUE OF REVISED LISTING PARTICULARS
The board of Directors of Grit (the "Board") is pleased to
announce that the Listing Executive Committee of the Stock Exchange
of Mauritius Ltd (the "SEM") has approved, on 23 December 2020, a
general authority for the issue and listing of up to 50,000,000
additional Grit shares on the Official Market of the SEM for cash
and/or for acquisition issues in terms of private placements, at an
offer price to be decided by the Board.
The share issuance authority and revised listing particulars are
local requirements of the SEM and require annual renewal if unused.
The SEM authority obtained remains subject to the relevant share
issuance authorities being sought at the Company's annual general
meeting, which is being held on 28 December 2020.
Shareholders should note that whilst the Listing Executive
Committee of the SEM has approved the aforementioned general
authority for the issue and listing of additional shares in terms
of private placements , each actual issue and listing of additional
shares will still be subject to the applicable Listing Rules of the
London Stock Exchange.
As required by the SEM Listing Rules, the Listing Particulars of
the Company as approved by the SEM, will be made available for
inspection for at least ten (10) business days, during normal
office hours (9:00 to 17:00 Mauritian time) at the registered
office of the Company which is situated at c/o Intercontinental
Fund Services Limited, Level 5, Alexander House, 35 Cybercity,
Ebene 72201, Mauritius as from 24 December 2020. The Listing
Particulars will also be available on the Company's website:
http://grit.group/ .
This announcement is not an invitation to the public to
subscribe for shares in the Company and is provided for information
purposes only.
By Order of the Board
24 December 2020
FOR FURTHER INFORMATION, PLEASE CONTACT:
Grit Real Estate Income Group Limited
Bronwyn Corbett, Chief Executive Officer +230 269 7090
Darren Veenhuis, Chief Strategy Officer and Head of Investor Relations +44 779 512 3402
Maitland/AMO - Communications Adviser
James Benjamin +44 7747 113 930
Jason Ochere Grit-maitland@maitland.co.uk
finnCap Ltd - UK Financial Adviser & Broker
William Marle/Giles Rolls/Matthew Radley (Corporate Finance) +44 20 7220 5000
Mark Whitfeld/Pauline Tribe (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
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 net total shareholder return
inclusive of NAV growth of 12.0% p.a.*
The Company currently holds a primary listing on the Main Market
of the London Stock Exchange (LSE: GR1T), 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/
* This is a target only and not a profit forecast and there can be no
assurance that it will be met. Any forward-looking statements and
the assumptions underlying such statements are the responsibility
of the Board of directors 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)*, Jonathan Crichton(+) , Sir Samuel Esson Jonah(+,)
Nomzamo Radebe, Catherine McIlraith(+) , David Love(+) , and Bright
Laaka (Permanent Alternate Director to Nomzamo Radebe).
(* Executive Director) ((+) independent Non-Executive
Director)
Company secretary : Intercontinental Fund Services Limited
Registered office address : c/o Intercontinental Fund Services
Limited, Level 5, Alexander House, 35 Cybercity, Ebène 72201,
Mauritius
Registrar and transfer agent (Mauritius) : Intercontinental
Secretarial Services Limited
Sponsoring broker : Capital Markets Brokers Ltd
SEM authorised representative and sponsor : Perigeum Capital
Ltd
UK Transfer secretary : Link Assets Services Limited
This notice is issued pursuant to the LSE Listing Rules, SEM
Listing Rule 11.3 and Rule 5(1) of the Securities (Disclosure
Obligations of Reporting Issuers) Rules 2007. The Board accepts
full responsibility for the accuracy of the information contained
in this communication.
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END
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