Grit Real Estate Income Group Director/PDMR Shareholding (2567K)
31 December 2020 - 6:45PM
UK Regulatory
TIDMGR1T
RNS Number : 2567K
Grit Real Estate Income Group
31 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")
DEALING IN SECURITIES BY DIRECTOR/PERSON DISCHARGING MANAGERIAL
RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM
The board of directors (the "Board") of Grit Real Estate Income
Group Limited, a leading pan-African real estate company focused on
investing in and actively managing a diversified portfolio of
assets underpinned by predominantly US$ and Euro denominated
long-term leases with high quality multi-national tenants, has been
notified that on Tuesday, 29 December 2020, Mr. Jonathan Crichton,
who is a shareholder and independent non-executive director of
Grit, acquired 50,000 ordinary shares of no par value ("Ordinary
Shares") in the Company at a price of USD 0.75 per share. Following
the purchase Mr. Crichton holds 130,000 Ordinary Shares
representing 0.04% of the issued share capital.
Mr. Jonathan Crichton is a Person Discharging Managerial
Responsibilities ("PDMR") for the purposes of the Market Abuse
Regulation ("MAR").
The Notification of Transaction Form provided in accordance with
the requirements of the MAR in relation to the transaction listed
above is set out below.
1 Details of the person discharging managerial responsibilities/person
closely associated
a. Name Jonathan Crichton
----------------------------- ----------------------------------------
2 Reason for notification
-----------------------------------------------------------------------
a. Position/Status Independent Non-Executive Director
----------------------------- ----------------------------------------
b. Initial notification/ Initial Notification
Amendment
----------------------------- ----------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-----------------------------------------------------------------------
a. Name GRIT REAL ESTATE INCOME GROUP LIMITED
----------------------------- ----------------------------------------
b. LEI 21380084LCGHJRS8CN05
----------------------------- ----------------------------------------
4 Details of the transaction(s): section to be repeated
for (i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions
have been conducted
-----------------------------------------------------------------------
a. Description of the Ordinary shares of No Par Value
financial instrument,
type of instrument
MU0473N00036
Identification Code
----------------------------- ----------------------------------------
b. Nature of the transaction Purchase of shares
----------------------------- ----------------------------------------
c. Price(s) and volume(s) Price(s) Volume(s) Total(s)
USD 0.75 50,000 USD 37,500
---------- -----------
----------------------------- ----------------------------------------
d. Aggregated information:
* Aggregated Volume Single transaction
As above
* Price
----------------------------- ----------------------------------------
e. Date of the transaction 29 December 2020
----------------------------- ----------------------------------------
f. Place of the transaction Stock Exchange of Mauritius Ltd
----------------------------- ----------------------------------------
By Order of the Board
31 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/Edward Whiley (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, Article
19 of MAR, SEM Listing Rule 11.3 and the Mauritian Securities Act
2005. The Board accepts full responsibility for the accuracy of the
information contained in this communiqué.
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END
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