TIDMGR1T
RNS Number : 3855U
Grit Real Estate Income Group
02 December 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")
DEALING IN SECURITIES BY PERSON CLOSELY ASSOCIATED WITH
DIRECTOR/PERSON DISCHARGING MANAGERIAL RESPONSIBILITIES
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 1 December 2021, Mr. Leon van de Moortele , Chief
Financial Officer of Grit, acquired 39,000 ordinary shares of no
par value ("Ordinary Shares") in the Company at a price of GBP 0.38
per share, through Cuckoos Nest Trust.
Following the above mentioned transaction, Mr. Leon van de
Moortele now holds 2,172,734 Ordinary Shares representing 0.66% of
the Company's issued share capital.
Mr. Leon van de Moortele is a Person Discharging Managerial
Responsibilities ("PDMR") for the purposes of the Market Abuse
Regulation ("MAR") and Cuckoos Nest Trust is regarded as a Person
Closely Associated ("PCA") with a PDMR.
The Notification of Transaction Form provided in accordance with
the requirements of the MAR in relation to the transaction
mentioned above is set out below.
Notification of a Transaction pursuant to Article 19(1) of Regulation
(EU) No. 596/2014
1 Details of the person discharging managerial responsibilities/person
closely associated
-----------------------------------------------------------------------------
a. Name of PDMR Leon van de Moortele
---------------------------------- -----------------------------------------
b. Name of PCA Cuckoos Nest Trust
---------------------------------- -----------------------------------------
c. Relationship of Settlor and Beneficiary
PDMR to PCA
---------------------------------- -----------------------------------------
2 Reason for notification
-----------------------------------------------------------------------------
a. Position/Status Chief Financial Officer
---------------------------------- -----------------------------------------
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
GG00BMDHST63
Identification
Code
---------------------------------- -----------------------------------------
b. Nature of the transaction Purchase of shares
---------------------------------- -----------------------------------------
c. Price(s) and volume(s) Price(s) Volume(s) Total
---------------------------------- ------------- ------------ ------------
GBP 0.38 39,000 GBP 14,820
---------------------------------- ------------- ------------ ------------
d. Aggregated information
- Aggregated Volume Single transaction
- Price As mentioned above
---------------------------------- -----------------------------------------
e. Date of the transaction 1 December 2021
---------------------------------- -----------------------------------------
f. Place of the transaction London Stock Exchange
---------------------------------- -----------------------------------------
By Order of the Board
2 December 2021
FOR FURTHER INFORMATION, PLEASE CONTACT:
Grit Real Estate Income Group Limited
Bronwyn Knight, 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
William Marle / 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
Capital Markets Brokers Ltd - Mauritian Sponsoring
Broker
Neetusha Aubeeluck +230 402 0285
NOTES:
Grit Real Estate Income Group Limited is the 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 holds its primary listing on the Main Market of the
London Stock Exchange (LSE: GR1T and a secondary listing on the
Stock Exchange of Mauritius (SEM: DEL.N0000).
Further information on the Company is available at
http://grit.group/
* These are targets only and not a profit forecast and 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 and have not been reviewed
or reported on by the Company's external auditors.
Directors: Peter Todd+ (Chairman), Bronwyn Knight (Chief
Executive Officer)*, Leon van de Moortele (Chief Financial
Officer)*, David Love+, Sir Samuel Esson Jonah+, Nomzamo Radebe,
Catherine McIlraith+, Jonathan Crichton+, Cross Kgosidiile+ and
Bright Laaka+ (Permanent Alternate Director to Nomzamo Radebe).
(* Executive Director) (+ independent Non-Executive
Director)
Company secretary : Intercontinental Fund Services Limited
Registered address : PO Box 186, Royal Chambers, St Julian's
Avenue, St Peter Port, Guernsey GY1 4HP
Registrar and transfer agent (Mauritius) : Intercontinental
Secretarial Services Limited
UK Transfer secretary : Link Asset Services Limited
SEM authorised representative and sponsor : Perigeum Capital
Ltd
This notice is issued pursuant to the FCA Listing Rules, Article
19 of MAR and 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.
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END
DSHBBBDDXSGDGBD
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