REG - Grit Real Estate Inc - Changes to the Board of Directors

CBREAnnouncement

05/12/2018 13:20

RNS Number : 5492J
Grit Real Estate Income Group
05 December 2018
 






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
("Grit" or "the Company")


                                               





 

 

CHANGES TO THE BOARD OF DIRECTORS
 

 
The shareholders of Grit are referred to the announcement released on the Stock Exchange of Mauritius Ltd ("SEM"), the London Stock Exchange ("LSE") and the Johannesburg Stock Exchange ("JSE") on 31 October 2018, whereby it was announced that Mr Paul Huberman ("Mr Huberman") would not put himself up for re-election to the Grit Board of Directors ("Board") at the Annual General Meeting held on 29 November 2018.   
 
In compliance with paragraph 3.59 of the JSE Listings Requirements and section 12.3 of the Company's Constitution, shareholders are hereby informed that Mr David Love ("Mr Love" or "David") has been appointed as Independent Non-Executive Director with effect from 4 December 2018.
 
Mr Love is a Chartered Accountant, qualifying with Deloitte, and holds a BCom and LLB (Hons First) with a distinction in Land Law, Equity and Trusts. He has over 18 years' experience in the real estate investment sector. He is the former CFO of ING REIM (UK), CFO/COO of UK CBRE Global Investors and currently holds the position of CFO and Compliance Officer at Knight Frank Investment Management.
 
David has considerable knowledge of real estate financial and operational processes, fund and asset structuring, tax, legal and compliance, and has been instrumental in the completion of a number of high profile real estate transactions including the listing of Picton Property Income Limited (formerly ING UK REIT) on the LSE and the formation of a £1.4 billion UK Property Authorised Investment Fund. He has arranged in excess of £4 billion of debt for clients including a CMBS issuance.
 
David has been a director and chairman of several general partner companies, including a Luxembourg company investing in European infrastructure, a Guernsey trust manager and has served as a non-executive director of Welcome Break.
 
Peter Todd, Chairman of Grit Real Estate Income Group commented: "His appointment represents an undeniable asset for Grit and his long and solid experience in the real estate sector in Europe will be key in our future decisions".
 
There are no further diclosures required under LSE Listing Rule 9.6.13.
 
Shareholders are also advised that the appointment of Mrs Catherine McIlraith as replacement of Mr Huberman as Chairperson of the Audit Committee has been approved by the Nomination Committee and board of Grit with effect from 4 December 2018.
 
Catherine McIlraith has been appointed as an Independent Non Executive Director to the board of Grit as from 24 November 2017. "Mrs McIlraith's professional career made her the ideal candidate to replace Mr Huberman", said Peter Todd.
 
Grit currently holds primary listings on both the Main Market of the LSE and on the Main Board of the JSE, with a secondary listing on the Official Market of the SEM.
5 December 2018
 




SEM Authorised Representative and Sponsor


JSE Sponsor and Corporate Adviser


UK Financial Adviser


 




Perigeum Capital


PSG Capital


finnCap


 




Grit Real Estate Income Group Limited


 




Bronwyn Corbett, Chief Executive Officer


+230 269 7090




Leon van de Moortele, Chief Financial Officer


+230 269 7090




Darren Veenhuis, Head of Investor Relations      


+44 7795123402




 


 




finnCap Ltd - UK Financial Adviser


 




William Marle / Scott Mathieson / Matthew Radley (Corporate Finance)


+44 20 7220 5000




Mark Whitfeld (Sales)


+44 20 3772 4697




Monica Tepes (Research)


+44 20 3772 4698






Citigate Dewe Rogerson - Financial PR


 




Jos Bieneman / David Westover / Ellen Wilton


+44 20 7638 9571




 


 




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



 
 
 
 
 



 
Directors: 
Peter Todd+ (Chairman), Bronwyn Corbett (Chief Executive Officer)*, Leon van de Moortele (Chief Financial Officer)*, Ian Macleod+, Matshepo More, Nomzamo Radebe, Catherine McIlraith+ and David Love+
(* 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
JSE sponsor: PSG Capital Proprietary Limited 
Sponsoring broker: Axys Stockbroking 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.
 




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