REG-Grit Real Estate Income Group Board Appointment

Grit Real Estate IncomeAnnouncement

24/03/2023 07:15

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   Grit Real Estate Income Group (GR1T)
   Board Appointment

   24-March-2023 / 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: DEL.N0000

   ISIN: GG00BMDHST63

   LEI: 21380084LCGHJRS8CN05

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

    

    

                               BOARD APPOINTMENT

                                        

    

   Grit Real  Estate  Income  Group  Limited,  a  leading  and  award-winning
   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 the appointment of Mrs Lynette Finlay  to
   the board of Grit (the "Board") as independent Non-Executive Director with
   effect from 24 March 2023. She has also been appointed as a member of  the
   Investment Committee. 

    

   Mrs Finlay has  extensive experience  in the  commercial property  sector,
   including being the first woman president of SAPOA (South African Property
   Owners Association),  the recognised  body  representing the  real  estate
   industry in Southern Africa. She  also previously served as  Non-Executive
   Director of  Growthpoint  Properties,  the  largest  listed  REIT  on  the
   Johannesburgh Stock  Exchange with  investments in  South Africa,  Eastern
   Europe, Australia and Africa. Her 11 year tenure saw her serve as Chairman
   of the Property and Investment Committee, Chairman of the Audit  Committee
   and member of the Social Ethics and Transformation Committee.

    

   Mrs Finlay  is a  Chartered Accountant  and has  received multiple  awards
   including the Inyathelo award for women in philanthropy, a merit award for
   most influential women  in business  and was  the first  recipient of  the
   commercial property industry “5 Star  Women Award”. She is the  co-founder
   of Nurturing Orphans of  Aids for Humanity, which  cares for over 100  000
   orphaned children.

    

   Mrs Finlay will  continue in  her roles as  CEO of  South African  focused
   Amabutho Investment Managers, an asset management company specialising  in
   the  sourcing  and  managing  of  commercial  property  investments,  and 
   Emerging African  Property  Holdings,  a  commercial  property  investment
   company.

    

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

    

   Peter Todd, Non-Executive Chairman of Grit, commented:

   "The Board looks  forward to  welcoming Lynette to  the Board of  Grit and
   working closely with her. Her  depth of knowledge, wealth of  wide-ranging
   experience  in  all  areas   of  commercial  property   as  well  as   her
   relationships across the  region will make  a significant contribution  to
   the  further  growth  of  Grit   and  delivering  further  value  to   our
   shareholders."

    

   By order of the Board

    

   24 March 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
                                                              
   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  impact
   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 www.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+,   Cross
   Kgosidiile and Lynette Finlay+.

   (* 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 Limited

   SEM authorised representative and sponsor: Perigeum Capital Ltd

   UK Transfer secretary: Link Assets Services Limited

   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.:  232214
   EQS News ID:   1590981


    
   End of Announcement EQS News Service

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