REG - Grit Real Estate Inc - Engagement with Shareholders
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")
GRIT ENGAGEMENT WITH SHAREHOLDERS
Shareholders are referred to the announcement released on the Stock Exchange of Mauritius, the London Stock Exchange and the Johannesburg Stock Exchange News Service on 29 November 2018 detailing the results of the votes at the Annual General Meeting of Grit held on 29 November 2018 ("AGM"), in terms of which shareholders were advised that ordinary resolution number 7 relating to the non-binding advisory vote on the remuneration policy of the Company and ordinary resolution number 8 relating to the non-binding advisory vote on the Company's implementation of the remuneration policy were passed by 58.93% and 58.76%, respectively, of the votes exercised by shareholders present in person or represented by proxy at the AGM. Grit therefore invites those shareholders who voted against ordinary resolution number 7 and ordinary resolution number 8 at the AGM ("Dissenting Shareholders") to engage with the Company as follows:
· Dissenting Shareholders are invited to provide their concerns/queries on the remuneration policy and the implementation thereof and their contact details to Darren Veenhuis (Head of Investor Relations) at darren@grit.group by no later than 1:00 p.m. Mauritian time (11:00 a.m. South African time and 9:00 a.m. United Kingdom time) on Wednesday, 12 December 2018; and
· thereafter, Grit will contact each Dissenting Shareholder in order to arrange one-on-one meetings/telecons with such Dissenting Shareholders in order to address their concerns/queries on the remuneration policy and the implementation thereof.
Any corrective actions and/or changes to the remuneration policy that result from the interactions with the Dissenting Shareholders will be communicated to all shareholders in due course.
By order of the Board
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
+44 779 512 3402
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.
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.ENDMSCUGGUGPUPRGPA