TIDMGR1T
RNS Number : 0253P
Grit Real Estate Income Group
15 February 2021
GRIT REAL ESTATE INCOME GROUP LIMITED
(Registered in Guernsey)
(Registration number: 68739)
LSE share code: GR1T
SEM share code: DEL.N0000
ISIN: GG00BMDHST63
LEI: 21380084LCGHJRS8CN05
("Grit" or the "Company" and, together with its subsidiaries, the "Group" )
DIVIDEND DECLARATION
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 , advises Shareholders that a dividend of
US$ 1.50 cents per share for the six months ended 31 December 2020
has been approved and declared by the Board of the Company. The
source of the cash dividend is from rental income and cum-dividend
reserve.
Salient dates and times
For shareholders on the Mauritian Register 2021
Announcement of cash dividend on SEM and LSE Monday, 15 February
--------------------
Last date to trade cum dividend Tuesday, 2 March
--------------------
Shares trade ex-dividend Wednesday, 3 March
--------------------
Record date of dividend on the SEM Friday, 5 March
--------------------
Payment date of dividend Friday, 9 April
--------------------
Notes
1. All dates and times quoted above are local dates and times in
Mauritius. The above dates and times are subject to change. Any
changes will be released on the SEM website.
2. No dematerialisation or rematerialisation of share
certificates may take place between Wednesday, 3 March 2021 and
Friday, 5 March 2021, both days inclusive.
3. Shareholders on the Mauritian sub-register who have opted to
receive their dividends through bank transfer, will be paid in US$.
Shareholders on the Mauritian sub-register who have opted to
receive their dividends by cheque, will be provided with a MUR bank
cheque, based on the US$:MUR exchange rate prevailing on the
payment date, being Friday, 9 April 2021. Should the latter
shareholders wish to receive their dividends through bank transfer,
they are required to contact Grit's Mauritian Registrar and
Transfer Agent, Intercontinental Secretarial Services Limited
(email: Grit@intercontinentaltrust.com | Tel: +230 403 0800) by no
later than Friday, 2 April 2021.
4. There is no withholding tax payable in Mauritius.
For shareholders on the UK Register 2021
Announcement of cash dividend on SEM and LSE Monday, 15 February
--------------------
Last date to trade cum dividend Wednesday, 3 March
--------------------
Shares trade ex-dividend Thursday, 4 March
--------------------
Record date of dividend on the LSE Friday, 5 March
--------------------
Last date for receipt of currency election
forms Friday, 5 March
--------------------
Payment date of dividend Friday, 9 April
--------------------
Notes
1. All dates and times quoted above are local dates and times in
the UK. The above dates and times are subject to change. Any
changes will be released on a Regulatory Information Service of the
LSE.
2. No dematerialisation or rematerialisation of share
certificates may take place between Wednesday, 3 March 2021 and
Friday, 5 March 2021, both days inclusive.
3. Shareholders on the UK sub-register will receive dividends in
US$. However, shareholders can elect to have dividends paid in
sterling (GBP) and the option to elect a sterling dividend payment
for this dividend will be available to shareholders until Friday, 5
March 2021 (the "Election Date").
4. Further details together with a copy of the Dividend Currency
Election Form, which should be sent to Link Asset Services, The
Registry, 34 Beckenham Road, Beckenham, Kent, BR3 4TU when
completed, will be available on the Company's website shortly at
http://grit.group/.
By order of the Board
15 February 2021
FOR FURTHER INFORMATION, PLEASE CONTACT :
Grit Real Estate Income Group Limited
Bronwyn Corbett, Chief Executive Officer +230 269 7090
Darren Veenhuis, Chief Strategy Officer
and Investor Relations +44 779 512 3402
Maitland/AMO - Communications Adviser
James Benjamin +44 7747 113 930
Grit-maitland@maitland.co.uk
finnCap Ltd - UK Financial Adviser & Broker
William Marle/Giles Rolls/Teddy Whiley
(Corporate Finance) +44 20 7220 5000
Mark Whitfeld/Pauline Tribe (Sales) +44 20 3772 4697
Monica Tepes (Research) +44 20 3772 4698
Perigeum Capital Ltd - SEM Authorised Representative
and Sponsor
Shamin A. Sookia +230 402 0894
Kesaven Moothoosamy +230 402 0898
NOTES
Grit Real Estate Income Group Limited is a leading pan-African
real estate company focused on investing in and actively managing a
diversified portfolio of assets in carefully selected African
countries (excluding South Africa). These high-quality assets are
underpinned by predominantly US$ 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) and a secondary listing on
the Official Market of the Stock Exchange of Mauritius Ltd (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 : PO Box 186, Royal Chambers, St
Julian's Avenue, St Peter Port, Guernsey GY1 4HP
Registrar and transfer agent (Mauritius) : Intercontinental
Secretarial Services Ltd
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 FCA Listing Rules and SEM
Listing Rule 15.24 and the Mauritian Securities Act 2005. The Board
of the Company accepts full responsibility for the accuracy of the
information contained in this communiqué.
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END
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