REG - Grit Real Estate Inc - Director/PDMR Shareholding

NufarmAnnouncement

07/03/2019 11:15

RNS Number : 1778S
Grit Real Estate Income Group
07 March 2019
 





GRIT REAL ESTATE INCOME GROUP LIMITED
(Registered by continuation in the Republic of Mauritius)
(Registration number: C128881 C1/GBL)
LSE share code: GR1T
SEM share code: DEL.N0000
JSE share code: GTR
ISIN: MU0473N00036
("Grit" or the "Company")







 

 


DEALINGS IN SECURITIES BY DIRECTOR/PDMR AND PERSONS CLOSELY ASSOCIATED ("PCA") WITH THEM
 

 
The Board of Grit Real Estate Income Group Limited (the "Board"), a leading pan-African real
estate company focused on investing in and actively managing a diversified portfolio of assets
underpinned by predominantly US$ and Euro denominated long-term leases with high quality
multi-national tenants, has been notified that on 6 March 2019, The Pearson Trust acquired 27,875 ordinary shares in the Company at a price of USD1,43 per share. The Pearson Trust is a Person Closely Associated ("PCA") with a Person Discharging Managerial Responsibilities ("PDMR") for the purposes of the Market Abuse Regulation ("MAR").
 
The Notification of Dealing Form provided in accordance with the requirements of the MAR in relation to the transaction listed above is set out below.
 



1.


Details of PDMR / PCA
 




a)


Name of PDMR


Greg Pearson
 




b)


Name of PCA


The Pearson Trust




c)


Relationship of PDMR to PCA


Settlor




2.


Reason for the notification
 




a)


Position / status


Executive Director of Grit Services Limited (a major subsidiary of the Company)
 




b)


Initial notification / amendment


Initial notification
 




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
 
Identification code


Ordinary shares of No Par Value
 
 
MU0473N00036
 




b)


Nature of the transaction


Purchase of ordinary shares (On-market)
 




c)


Price(s) and volume(s)





Price(s)


Volume(s)


Total(s)




1 USD and 43 cents


27,875


USD 39,850.00








d)


Aggregated information:
•           Aggregated volume
•           Price


See above
 
 
 




e)


Date of the transaction


6 March 2019
 




f)


Place of the transaction


London Stock Exchange (LSE)
 




g)


Nature and extent of
interest in the transaction


Indirect, beneficial
 
 




h)


Clearance to deal in these securities was obtained in accordance with paragraph 3.66 of the Listings Requirements of the JSE Limited and Appendix 6 of the Listing Rules of the Stock Exchange of Mauritius Ltd.
 



 
 
By Order of the Board
 
7 March 2019
 
FOR FURTHER INFORMATION, PLEASE CONTACT:



Grit Real Estate Income Group Limited








Bronwyn Corbett, Chief Executive Officer


+230 269 7090




Darren Veenhuis, Head of Investor Relations      


+44 779 512 3402




Morne Reinders, Investor Relations


+27 82 480 4541














Maitland/AMO - Communications Adviser








James Benjamin


+44 20 7379 5151




Vikki Kosmalska


Grit-maitland@maitland.co.uk




Jason Ochere


















finnCap Ltd - UK Financial Adviser








William Marle / Scott Mathieson / Matthew Radley (Corporate Finance)


+44 20 7220 5000




Mark Whitfeld (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














PSG Capital - JSE Sponsor and Corporate Adviser








David Tosi


+27 21 887 9602



 
The Company's LEI is: 21380084LCGHJRS8CN05
 
NOTES:
Grit Real Estate Income Group Limited is a leading pan-African real estate company focused on investing in 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 is targeting an annual dividend yield in USD of 8%+ and a net total shareholder return inclusive of NAV growth of 12.0%+ p.a.*
 
The Company currently holds primary listings on both the Main Market of the London Stock Exchange (LSE: GR1T) and on the Main Board of the Johannesburg Stock Exchange (JSE: GTR), with a secondary listing on the Official Market of the Stock Exchange of Mauritius (SEM: DEL.N0000).
 
Further information on the Company is available at http://grit.group/
 
*These are targets only and not a profit forecast and there can be no assurance that they will be met.
 
Directors:
Peter Todd+ (Chairman), Bronwyn Corbett (Chief Executive Officer)*, Leon van de Moortele (Chief Financial Officer)*, Ian Macleod+, Sir Samuel Esson Jonah+, Matshepo More, Nomzamo Radebe, Catherine McIlraith+, David Love+ and Bright Laaka (Permanent Alternate Director to Nomzano Radebe).
(* Executive Director) (+ independent Non-Executive Director)
 
Company secretary: Intercontinental Fund Services Limited
Registered address: c/o Intercontinental Fund Services Limited, Level 5, Alexander House, 35 Cybercity, Ebène 72201, Mauritius
Transfer secretary (South Africa): Computershare Investor Services Proprietary Limited
Registrar and transfer agent (Mauritius): Intercontinental Secretarial Services Limited
JSE sponsor: PSG Capital Proprietary Limited 
Sponsoring broker: Axys Stockbroking Limited
SEM authorised representative and sponsor: Perigeum Capital Ltd
 
This notice is issued pursuant to the JSE Listings Requirements, LSE Listing Rules, Article 19 of MAR, SEM Listing Rule 11.3 and Rule 5(1) of the Securities (Disclosure Obligations of Reporting Issuers) Rules 2007.  The Board accepts full responsibility for the accuracy of the information contained in this communiqué.
 




This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
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