REG-Grit Real Estate Income Group CHANGES TO THE BOARD OF DIRECTORS
27/01/2026 10:30
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Grit Real Estate Income Group (GR1T)
CHANGES TO THE BOARD OF DIRECTORS
27-Jan-2026 / 10:30 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")
CHANGES TO THE BOARD OF DIRECTORS
The Board of Directors (the “Board”) of Grit Real Estate Income Group
Limited today announces changes to the Board.
Grit is a pan-African impact real estate company focused on investing in,
developing and actively managing a diversified portfolio of impact assets
underpinned by predominantly US dollar and Euro denominated long-term
leases to high-quality multinational tenants.
Further to the announcement of 18 June 2025 regarding the planned
succession of the Chairmanship, the Board confirms that Mr Peter Todd has
stepped down as Chairman with effect from Monday, 26 January 2026,
following the successful completion of a structured handover programme.
The Board determined that, given the advanced state of the transition and
in line with best-practice governance principles, it was appropriate to
bring forward the formal change in Chairmanship to ensure continuity of
leadership and oversight.
In accordance with the previously disclosed succession plan, Mr Nigel
Nunoo, currently an Independent Non-Executive Director, has assumed the
role of Chairman with effect from Monday, 26 January 2026. He will also
assume the role of Chairman of the Investment Committee and will continue
to serve as Chairman of the Risk Committee and Member of the Nomination
and Remuneration Committees. The executive leadership and committee
structures of the Group remain otherwise unchanged.
Mr Nigel Nunoo has served on the Board since 19 December 2023.
He is an experienced Global Senior Executive with 20+ years of tenure at
Prudential Financial, Inc. and is known for successfully establishing and
expanding Prudential Financial, Inc’s presence in Africa. He is also the
Founder & CEO of African Aspirations Limited (AA), a Pan-African business
development platform that provides Business Brokerage, Business Consulting
and Business Funding solutions curated for SMEs and Mid-Market companies
across Africa.
Nigel is a Fellow of the Society of Actuaries (FSA) and a Chartered
Financial Analyst (CFA) charter-holder who also has an Executive MBA from
Columbia University.
He has a proven track record of driving sustainable growth and delivering
sustainable profitability in diverse global markets, spanning the United
States, Europe, and Africa and is fluent in English and several African
languages.
Nigel Nunoo, Chairman-designate, commented:
“I am honoured to be appointed Chairman following a carefully planned and
orderly succession process. Peter has chaired Grit since its inception and
has been instrumental in shaping the Group’s strategy, governance
framework and pan-African platform, steering the business through multiple
market cycles and periods of significant transformation.
“As Chairman, my focus will be on maintaining strong governance
discipline, supporting the executive team and ensuring consistent delivery
against the Group’s strategic priorities, including its balance sheet
optimisation and long-term value creation objectives.”
The Board, executive management and all employees, would like to thank
Peter for his leadership, commitment and contribution during his tenure,
and wish him well with his future endeavours.
Following these changes, the Board will comprise six directors, of whom
four are independent and non-executive.
Aside from the information set out in the announcement above, no further
information is required to be disclosed pursuant to Listing Rule 6.4.8.
By Order of the Board
27 January 2026
FOR FURTHER INFORMATION, PLEASE CONTACT:
Grit Real Estate Income Group Limited
Bronwyn Knight, Chief Executive Officer +230 269 7090
Morne Reinders, Investor Relations +27 82 480 4541
Cavendish Capital Markets Limited - UK Financial Adviser
Tunga Chigovanyika/ Edward Whiley (Corporate Finance) +44 20 7220 5000
Justin Zawoda-Martin / Daniel Balabanoff / Pauline +44 20 3772 4697
Tribe (Sales)
Perigeum Capital Ltd - SEM Authorised Representative and
Sponsor
Shamin A. Sookia
+230 402 0894
Rukhsaar Lallmahomed
+230 402 0893
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 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 www.grit.group
Directors: Nigel Nunoo+ (Chairman), Bronwyn Knight (Chief Executive
Officer) *, Gareth Schnehage (Chief Financial Officer) *, David
Love+, Catherine McIlraith+ and Lynette Finlay+
(+ independent Non-Executive Director) (* Executive Director)
Company secretary: Intercontinental Fund Services Limited
Corporate service provider: Mourant Governance Services (Guernsey) Limited
Registered office address: PO Box 186, Royal Chambers, St Julian's Avenue,
St Peter Port, Guernsey GY1 4HP
Registrar and transfer agent (Mauritius): Onelink Ltd
SEM authorised representative and sponsor: Perigeum Capital Ltd
UK Transfer secretary: MUFG Corporate Markets
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 1 EQS Group.
The issuer is solely responsible for the content of this announcement.
View original content: 2 EQS News
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ISIN: GG00BMDHST63
Category Code: BOA
TIDM: GR1T
LEI Code: 21380084LCGHJRS8CN05
Sequence No.: 416316
EQS News ID: 2266594
End of Announcement EQS News Service
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