REG - Grit Real Estate Inc - Director/PDMR Shareholding

Grit Real Estate IncomeAnnouncement

20/04/2022 13:00

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RNS Number : 7774I  Grit Real Estate Income Group  20 April 2022

 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 DIRECTOR/PERSON DISCHARGING MANAGERIAL
RESPONSIBILITIES AND PERSON CLOSELY ASSOCIATED WITH THEM

 

 

In relation to the Proposed Acquisition of interests in GREA and APDM ("the
"Transaction"), which was notified in the Prospectus and Circular on 22
November 2021 and further updates announced by the Company on 11 April 2022
and 19 April 2022, the following dealings by Director and Person Discharging
Managerial Responsibilities ("PDMRs") have now been completed. All dealings
took place at the issue price of USD0.52 per new ordinary share and the shares
were admitted to trading on 20 April 2022.

 

The Notification of Transaction Form provided in accordance with the
requirements of the MAR in relation to the transaction listed 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                                                 Bronwyn Knight

 b.  Name of PCA                                                  Dorado 1 Ltd

 2   Reason for notification
 a.  Position/Status                                              Bronwyn Knight, CEO of Grit, is a settlor of the Kenzlex Trust, which is a 50%
                                                                  holder of the PCA

 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 financial instrument, type of instrument  Ordinary shares of No Par Value

 

     Identification Code

                                                                   GG00BMDHST63
 b.  Nature of the transaction                                    Issue of Grit shares as consideration for sale of interests in GREA and APDM,
                                                                  as notified in the Prospectus and Circular on 22 November 2021 and further
                                                                  updates announced by the Company on 11 and 19 April 2022.

 c.  Price(s) and volume(s)                                       Price(s)  Volume(s)  Total(s)
                                                                  USD0.52   5,170,702  USD2,688,765.04

 
 d.  Aggregated information:                                      Single transaction

As above
     •  Aggregated Volume

     •  Price
 e.  Date of the transaction                                      20 April 2022
 f.  Place of the transaction                                     Off market
 g   New total beneficial interest                                2.28% of the outstanding shares of the Issuer

 

d.

Aggregated information:

•  Aggregated Volume

•  Price

Single transaction

As above

 

e.

Date of the transaction

20 April 2022

f.

Place of the transaction

Off market

g

New total beneficial interest

 

2.28% of the outstanding shares of the Issuer

 

By Order of the Board

 

20 April 2022

 

 

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 / +44 7379 5151
 Alistair de Kare-silver                                           Grit-maitland@maitland.co.uk (mailto: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

 

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 premium segment of 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/

 

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

Mauritian 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 LSE Listing Rules, Article 19 of MAR 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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