REG - Grit Real Estate Inc - CHANGE TO THE BOARD OF DIRECTORS

Grit Real Estate IncomeAnnouncement

06/02/2023 07:00

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RNS Number : 9473O  Grit Real Estate Income Group  06 February 2023

 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")

 

 

CHANGE TO THE BOARD OF DIRECTORS

 

The board of Directors (the "Board") of Grit Real Estate Income Group Limited,
a leading and award-winning pan-African impact real estate company, announces
that, as a result of new responsibilities as chief operating officer of
another listed South African real estate business, Nomzamo Radebe has stepped
down from the Board, effective immediately.

The Board would like to express its gratitude to Nomzamo for her meaningful
contribution to Grit over the years and wishes her well for the future and in
her exciting new role.

The Board would also like to highlight that the re-election of Mr Bright Laaka
as Permanent Alternate to Nomzamo Radebe was not put for shareholders'
approval at the Company's Annual General Meeting held on 30 November 2022
(https://polaris.brighterir.com/public/grit/news/rns/story/w9ey4er
(https://polaris.brighterir.com/public/grit/news/rns/story/w9ey4er) ). Bright
thus ceased to be the Permanent Alternate to Nomzamo effective 30 November
2022.

Ms Radebe was a nominated shareholder representative for the Drive-in-Trading
Black economic empowerment structure, and as such, was regarded as
non-independent. The Board composition is currently being assessed and
replacements being identified to fill vacant posts. Further announcements will
be made in due course.

By Order of the Board

 

6 February 2023

 

FOR FURTHER INFORMATION, PLEASE CONTACT:

 Grit Real Estate Income Group Limited
 Bronwyn Knight, Chief Executive Officer                           +230 269 7090
 Darren Veenhuis, Investor Relations                               +44 779 512 3402

 H/Advisors Maitland - Communications Adviser
 James Benjamin                                                    +44 7747 113 930 / +44 20 7379 5151
 Alistair de Kare-Silver                                           Grit-maitland@h-advisors.global (mailto:Grit-maitland@h-advisors.global)

 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
 Elodie Lan Hun Kuen                                               +230 402 0280

 

NOTES:

Grit Real Estate Income Group Limited is the leading pan-African real estate
company focused on investing in, developing 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 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/
(http://grit.group/)

 

Directors: Peter Todd+ (Chairman), Bronwyn Knight (Chief Executive Officer)*,
Leon van de Moortele (Chief Financial Officer)*, David Love+, Sir Samuel Esson
Jonah+, Catherine McIlraith+, Jonathan Crichton+ and Cross Kgosidiile.

(* 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

Mauritian sponsoring broker: Capital Markets Brokers Ltd

 

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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