REG-Grit Real Estate Income Group Mandatory Audit firm rotation

Grit Real Estate IncomeAnnouncement

19/12/2024 11:00

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   Grit Real Estate Income Group (GR1T)
   Mandatory Audit firm rotation

   19-Dec-2024 / 11:00 GMT/BST

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   GRIT REAL ESTATE INCOME GROUP LIMITED

   (Registered in Guernsey)

   (Registration number: 68739)

   LSE share code: GR1T

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

   ISIN: GG00BMDHST63

   LEI: 21380084LCGHJRS8CN05

    

   ("Grit" or the "Company" or the "Group")

    

    

               CHANGE OF AUDITOR – MANDATORY AUDIT FIRM ROTATION

    

   Grit Real Estate Income Group  Limited, a leading Pan-African real  estate
   company focused  on  investing  in, developing  and  actively  managing  a
   diversified portfolio of assets underpinned by predominantly US Dollar and
   Euro  denominated  long-term  leases  with  high  quality   multi-national
   tenants, announces that PricewaterhouseCoopers LLP ("PwC") has resigned as
   the Group's auditor and the Board of Grit has approved the appointment  of
   MacIntyre Hudson LLP (”MHA”) with Baker Tilly CI Audit Limited ("BTCI") as
   the Group's new lead auditor.

    

   MHA is registered in England as statutory auditors and are independent UK
   members of Baker Tilly International.

    

   BTCI will conduct the  audit of the Group's  financial statements for  the
   financial year  to 30  June 2025  and  a proposal  to re-appoint  them  as
   auditors of the Group will be  subject to the approval of shareholders  at
   the 2025 Annual General Meeting.

    

   PwC was appointed as the Group’s external Auditors in 2018, with their
   first audit being the 2017/18  Annual Report and Accounts. The UK and
   Mauritius Codes of Corporate Governance (“the Code”) recommend a mandatory
   rotation of audit firms of listed companies after a set period, which in
   the case of the Mauritius Code, amounts to seven years. The Company
   consequently undertook an external tender process for the audit of the
   Annual Report and Accounts for the year ending30 June 2025.

    

   We thank PWC for their services over  this time. PwC has confirmed to  the
   Company that there  are no matters  connected with their  ceasing to  hold
   office that  need  to  be brought  to  the  attention of  the  members  or
   creditors of the Company for the purposes of section 273 of The  Companies
   (Guernsey) Law 2008.

    

   By order of the Board

    

   19 December 2024

    

   FOR FURTHER INFORMATION, PLEASE CONTACT:

   Grit Real Estate Income Group Limited                      
   Bronwyn Knight, Chief Executive Officer                   +230 269 7090
   Group Investor Relations                                  ir@grit.group
                                                              
   Cavendish Capital Markets Limited - UK Financial Adviser   
   James King / Tunga Chigovanyika / Teddy Whiley (Corporate +44 20 7220 5000
   Finance)
   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

   Darren Chinasamy                                          +230 402 0885
                                                              
                                                              
   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 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: Peter Todd (Chairman), Bronwyn Knight (Chief Executive Officer)
   *, Gareth Schnehage (Chief Financial Officer) *, David Love+, Catherine
   McIlraith+, Cross Kgosidiile, Lynette Finlay+ and Nigel Nunoo+.

   (* 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: MSCL
   TIDM:          GR1T
   LEI Code:      21380084LCGHJRS8CN05
   Sequence No.:  366298
   EQS News ID:   2054931


    
   End of Announcement EQS News Service

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