REG - Grit Real Estate Inc - Share Trust Intention to Acquire Shares

NufarmAnnouncement

27/02/2019 13:10

RNS Number : 3039R
Grit Real Estate Income Group
27 February 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")


                                   




 

 

INTENTION TO ACQUIRE SHARES IN THE COMPANY BY THE GRIT EXECUTIVE SHARE TRUST
 

 
Shareholders are referred to the Grit Long-Term Incentive Plan administered by the Grit Executive Share Trust ("Share Trust") in terms of the Long-Term Incentive Plan Scheme Rules ("Scheme"), approved by way of a special resolution at the annual general meeting of shareholders held on 24 November 2017.
 
Full details of the Scheme rules can be found on the Company's website at:
 
https://grit.group/wp-content/uploads/2019/02/summary-of-lti-scheme-rules.pdf
 
Shareholders are hereby advised that the Share Trust intends to commence purchasing shares in the Company through the market in order to satisfy the obligations of the Scheme.
 
By Order of the Board
 
27 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.*
 
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+, Matshepo More, Nomzamo Radebe, Catherine McIlraith+, David Love+, Sir Samuel Esson Jonah+ and Bright Laaka (Permanent Alternate Director to Nomzamo 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.
 




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