REG-Grit Real Estate Income Group Board and Executive changes

Grit Real Estate IncomeAnnouncement

28/02/2024 07:15

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   Grit Real Estate Income Group (GR1T)
   Board and Executive changes

   28-Feb-2024 / 07:00 GMT/BST

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   GRIT REAL ESTATE INCOME GROUP LIMITED

   (Registered in Guernsey)

   (Registration number: 68739)

   LSE share code: GR1T

   SEM share code (dual currency trading): DEL.N0000 (USD) / DEL.C0000       
   (MUR)

   ISIN: GG00BMDHST63

   LEI: 21380084LCGHJRS8CN05

   (“Grit” or the “Company” and, together with its subsidiaries, the
   "Group")

    

    

                          BOARD AND EXECUTIVE CHANGES

                                        

    

   The board of  Directors (the  “Board”) of  Grit Real  Estate Income  Group
   Limited, a  leading  pan-African impact  real  estate company  focused  on
   investing in, developing and actively managing a diversified portfolio  of
   assets underpinned  by predominantly  US$ and  Euro denominated  long-term
   leases with high quality multi-national tenants, announces changes to  the
   Board. 

    

   Leon van de Moortele, the Group CFO and member of the Board, who has  been
   on medical leave  since 19  December 2023,  resigned from  the Board  with
   effect from  27 February  2024.  The Board  would  like to  express  their
   gratitude to Leon for the integral role he has played in the Company since
   its inception  and  his  immense  dedication  to  navigating  the  complex
   Pan-Africa business landscape.

    

   The Board is pleased  to announce the appointment  of Gareth Schnehage  as
   replacement Chief  Financial Officer  and  welcomes him  to the  Board  of
   directors. Gareth is  a Chartered  Accountant with over  fifteen years  of
   leading  roles   at   multinational  corporations,   including   extensive
   experience operating in African  jurisdictions and executing asset  backed
   debt financing solutions.

    

   Aside from the information set out  in the announcement above, no  further
   information is  required to  be  disclosed pursuant  to FCA  Listing  Rule
   9.6.13R.

    

   By Order of the Board

    

   28 February 2024

    

   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
                                                              
   Cavendish Capital Markets Limited – UK Financial Adviser   
   James King/Teddy Whiley (Corporate Finance)               +44 20 7220 5000
   Justin Zawoda-Martin / Daniel Balabanoff / Pauline Tribe  +44 20 3772 4697
   (Sales)
                                                              
   Perigeum Capital Ltd – SEM Authorised Representative and   
   Sponsor
   Shamin A. Sookia                                          +230 402 0894
   Darren Chinasamy                                          +230 402 0890
                                                              
   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 dual currency trading secondary listing on
   the Stock Exchange of Mauritius (SEM: DEL.N0000 (USD) / DEL.C0000 (MUR)).

    

   Further information on the Company is available at  1 http://grit.group.

   Directors:  Peter  Todd  (Chairman),   Bronwyn  Knight  (Chief   Executive
   Officer)*, Gareth  Schnehage  (Chief  Financial  Officer)*,  David  Love+,
   Catherine McIlraith+, Jonathan Crichton+,  Cross Kgosidiile, Nigel  Nunoo+
   and Lynette Finlay+.

   (* 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 Market 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, 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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   Dissemination of a Regulatory Announcement, transmitted by EQS Group.
   The issuer is solely responsible for the content of this announcement.

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   ISIN:          GG00BMDHST63
   Category Code: BOA
   TIDM:          GR1T
   LEI Code:      21380084LCGHJRS8CN05
   Sequence No.:  306372
   EQS News ID:   1846665


    
   End of Announcement EQS News Service

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