REG - Grit Real Estate Inc - Dividend Declaration

NufarmAnnouncement

14/02/2019 08:05

RNS Number : 9527P
Grit Real Estate Income Group
14 February 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")








 

 

DIVIDEND DECLARATION
 

 
Grit Real Estate Income Group Limited, 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, advises Shareholders that dividend number 10 of US$ 5.2500 cents per share for the six months ended 31 December 2018 has been approved and declared by the Board of the Company. The source of the cash dividend is from rental income and cum-dividend reserve.
 
Salient dates and times
 



For shareholders on the Mauritian Register


2019




Announcement of cash dividend on JSE, SEM and LSE


Thursday, 14 February




Announcement of US$ to Rand conversion rate released on SEM website by no later than 1:00pm


Tuesday, 26 February




Last date to trade cum dividend


Tuesday, 5 March




Shares trade ex-dividend


Wednesday, 6 March




Record date of dividend on the SEM


Friday, 8 March




Payment date of dividend


Friday, 5 April



 
Notes
1.  All dates and times quoted above are local dates and times in Mauritius. The above dates and times are subject to change. Any changes will be released on the SEM website.
2.  No dematerialisation or rematerialisation of share certificates may take place between Wednesday, 6 March 2019 and Friday, 8 March 2019, both days inclusive.
3.  No transfer of shares between sub-registers in Mauritius, South Africa and the UK may take place between Tuesday, 26 February 2019 and Friday, 8 March2019, both days inclusive.
 



For shareholders on the South African Register


2019




Announcement of cash dividend on JSE, SEM and LSE


Thursday, 14 February




Announcement of US$ to Rand conversion rate released on SENS by no later than 11:00am


Tuesday, 26 February




Last date to trade cum dividend


Tuesday, 5 March




Shares trade ex-dividend


Wednesday, 6 March




Record date of dividend on the JSE


Friday, 8 March




Payment date of dividend


Friday, 5 April



 
 
Notes
1.  All dates and times quoted above are local dates and times in South Africa. The above dates and times are subject to change. Any changes will be released on SENS.
2.  No dematerialisation or rematerialisation of share certificates may take place between Wednesday, 6 March 2019 and Friday, 8 March 2019, both days inclusive.
3.  No transfer of shares between sub-registers in Mauritius, South Africa and the UK may take place between Tuesday, 26 February 2019 and Friday, 8 March 2019, both days inclusive.
4.  Shareholders on the South African sub-register will receive dividends in South African Rand, based on the exchange rate to be obtained by the Company on or before Tuesday, 26 February 2019. A further announcement in this regard will be made on Tuesday, 26 February 2019.
 



For shareholders on the UK Register


2019




Announcement of cash dividend on JSE, SEM and LSE


Thursday, 14 February




Announcement of US$ to Rand conversion rate released on the Regulatory Information Service of the LSE by no later than 10:00am


Tuesday, 26 February




Last date to trade cum dividend


Wednesday, 6 March




Shares trade ex-dividend


Thursday, 7 March




Record date of dividend on the LSE


Friday, 8 March




Last date for receipt of currency election forms


Friday, 8 March




Payment date of dividend


Friday, 5 April



 
Notes
1.  All dates and times quoted above are local dates and times in the UK. The above dates and times are subject to change. Any changes will be released on a Regulatory Information Service of the LSE.
2.  No dematerialisation or rematerialisation of share certificates may take place between Wednesday, 6 March 2019 and Friday, 8 March 2019, both days inclusive.
3.  No transfer of shares between sub-registers in Mauritius, South Africa and the UK may take place between Tuesday, 26 February 2019 and Friday, 8 March 2019, both days inclusive.
4.  Shareholders on the UK sub-register will receive dividends in US$. However, shareholders can elect to have dividends paid in sterling (GBP) and the option to elect a sterling dividend payment for this dividend will be available to shareholders until Friday, 8 March 2019 (the "Election Date").
5.  Further details together with a copy of the Dividend Currency Election Form, which should be sent to Link Asset Services, The Registry, 34 Beckenham Road, Beckenham, Kent, BR3 4TU when completed, will be available on the Company's website shortly at http://grit.group/. CREST shareholders must elect via CREST.
 
In terms of the JSE Listings Requirements regarding Dividends Tax, the following information is only of direct application to shareholders on the South African share register, as the dividend is regarded as a foreign dividend for shareholders on the South African register:
·    the interim dividend is subject to South African Dividends Tax;
·    the local dividend tax rate is 20%;
·    there is no withholding tax payable in Mauritius;
·    the number of ordinary shares in issue is 306 396 035; and
·    the Mauritian income tax reference number of the Company is 27331528.
 
By Order of the Board
 
14 February 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.*
 
Grit is listed on the London Stock Exchange main market (LSE: GR1T), the Johannesburg Stock Exchange main board (JSE: GTR) and the Stock Exchange of Mauritius Ltd official market (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+, 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 LSE Listing Rules, JSE Listings Requirements, SEM Listing Rule 11.3 and the Mauritian Securities Act 2005. The board of directors of the Company 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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