REG - Grit Real Estate Inc - Restructuring of Director's Interest in Grit

NufarmAnnouncement

03/01/2019 12:25

RNS Number : 1335M
Grit Real Estate Income Group
03 January 2019
 






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


 




 

 


RESTRUCTURING OF DIRECTOR'S INTEREST IN GRIT
 

 
Shareholders are advised that Bronwyn Anne Corbett ("Ms BA Corbett"), the Chief Executive Officer of Grit, is in the process of restructuring her shareholding in Grit. Accordingly, Ms BA Corbett sold 600 000 Grit shares, representing 0.1958% of the total issued shares of Grit, of which she is the direct beneficial holder to her associate, Copapax Proprietary Limited ("Copapax"). Copapax is 100% held by The Corbett Family Trust of which Ms BA Corbett is the ultimate beneficiary.
 
In compliance with paragraphs 3.63 to 3.74 of the JSE Limited Listings Requirements ("JSE Listings Requirements"), the following information regarding the dealing in securities is disclosed:
 




NAME OF DIRECTOR


Ms BA Corbett
 




COMPANY OF WHICH A DIRECTOR
 


Grit Real Estate Income Group Limited
 




STATUS: EXECUTIVE/NON-EXECUTIVE


Executive
 




TYPE AND CLASS OF SECURITIES
 


Grit Ordinary shares
 




NATURE OF TRANSACTION
 


Sale of shares by Ms BA Corbett to her associate, Copapax, a company 100% held by The Corbett Family Trust of which Ms BA Corbett is the ultimate beneficiary (on-market transaction)
 




DATE OF TRANSACTION


31 December 2018
 




PRICE PER SECURITY


1 875 cents
 




NUMBER OF SECURITIES TRANSACTED
 


600 000
 




TOTAL RAND VALUE OF SECURITIES TRANSACTED
 


R11 250 000
 




NATURE AND EXTENT OF INTEREST IN THE TRANSACTION
 


Direct, beneficial




 
Clearance for the above was obtained in terms of paragraph 3.66 of the JSE Listings Requirements and Appendix 6 of the Listing Rules of the Stock Exchange of Mauritius Ltd ("SEM").
 
The Company currently holds primary listings on both the Main Market of the London Stock Exchange and on the Main Board of the JSE Limited, with a secondary listing on the Official Market of the SEM.
 
By order of the Board
 
3 January 2019
 




SEM Authorised Representative and Sponsor


JSE Sponsor and Corporate Adviser


UK Financial Adviser


 




Perigeum Capital


PSG Capital


finnCap


 




 
Grit Real Estate Income Group Limited


 




Bronwyn Corbett, Chief Executive Officer


+230 269 7090




Leon van de Moortele, Chief Financial Officer


+230 269 7090




Darren Veenhuis, Head of Investor Relations      


+44 7795123402




 


 




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






Citigate Dewe Rogerson - Financial PR


 




Jos Bieneman / David Westover / Ellen Wilton


+44 20 7638 9571




 


 




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



 
 
 
 
 



 
Directors: 
Peter Todd+ (Chairman), Bronwyn Corbett (Chief Executive Officer)*, Leon van de Moortele (Chief Financial Officer)*, Ian Macleod+, Matshepo More, Nomzamo Radebe, Catherine McIlraith+ and David Love+
(* 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 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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