TIDMGR1T
RNS Number : 5360M
Grit Real Estate Income Group
22 January 2021
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
ISIN: MU0473N00036
LEI: 21380084LCGHJRS8CN05
("Grit" or the "Company" and, together with its subsidiaries, the "Group" )
TRANSFER TO A PREMIUM LISTING ON THE OFFICIAL LIST OF THE
FCA
Further to its announcement on 21 December 2020, 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, announces the approval by the Financial Conduct Authority
(the "FCA") of the transfer of the listing category of all of its
ordinary shares of no par value from a standard listing (shares) to
a premium listing (commercial company) on the Official List of the
FCA in accordance with Rule 5.4A of the Listing Rules issued by the
FCA (the "Transfer"). The Transfer will take effect at 8.00 a.m.
today.
By Order of the Board
22 January 2021
FOR FURTHER INFORMATION, PLEASE CONTACT: :
Grit Real Estate Income Group Limited
Bronwyn Corbett, Chief Executive Officer +230 269 7090
Darren Veenhuis, Chief Strategy Officer
and Investor Relations +44 779 512 3402
Maitland/AMO - Communications Adviser
James Benjamin +44 7747 113 930
Jason Ochere Grit-maitland@maitland.co.uk
Deloitte LLP - Joint Sponsor
Chris Nicholls +44 20 7936 3000
Craig Lukins
Iain McKenzie
finnCap Ltd - Joint Sponsor, UK Financial
Adviser & Broker
William Marle/Giles Rolls/Teddy Whiley
(Corporate Finance) +44 20 7220 5000
Mark Whitfeld/Pauline Tribe (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
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 net total shareholder return
inclusive of NAV growth of 12.0% p.a.*
The Company currently holds a primary listing on the Main Market
of the London Stock Exchange (LSE: GR1T), while its listing on the
Official Market of the Stock Exchange of Mauritius Ltd is termed as
a secondary listing (SEM: DEL.N0000).
Further information on the Company is available at
http://grit.group/
* This is a target only and not a profit forecast and there
can be no assurance that it will be met. Any forward-looking
statements and the assumptions underlying such statements
are the responsibility of the Board of directors and have
not been reviewed or reported on by the Company's external
auditors.
Directors : Peter Todd(+) (Chairman), Bronwyn Corbett (Chief
Executive Officer)*, Leon van de Moortele (Chief Financial
Officer)*, Jonathan Crichton(+) , Sir Samuel Esson Jonah(+) ,
Nomzamo Radebe, Catherine McIlraith(+) , David Love(+) , and Bright
Laaka (Permanent Alternate Director to Nomzamo Radebe).
(* Executive Director) ((+) independent Non-Executive
Director)
Company secretary : Intercontinental Fund Services Limited
Registered office address : c/o Intercontinental Fund Services
Limited, Level 5, Alexander House, 35 Cybercity, Ebène 72201,
Mauritius
Registrar and transfer agent (Mauritius) : Intercontinental
Secretarial Services Limited
Sponsoring broker : Capital Markets Brokers Ltd
SEM authorised representative and sponsor : Perigeum Capital
Ltd
UK Transfer secretary : Link Assets Services Limited
IMPORTANT NOTICE
The contents of this announcement have been prepared by and are
the sole responsibility of the Company. The Company is not offering
any Ordinary Shares or other securities in connection with the
proposals described in this announcement. This announcement does
not constitute or form part of, and should not be construed as, any
offer for sale or subscription of, or solicitation of any offer to
buy or subscribe for, any securities in the Company or securities
in any other entity, in any jurisdiction, nor shall it, or any part
of it, or the fact of its distribution, form the basis of, or be
relied on in connection with, any contract or investment decision
whatsoever, in any jurisdiction. This announcement does not
constitute a recommendation regarding any securities.
The contents of the Company's website do not form part of this
announcement.
Deloitte LLP ("Deloitte") is acting for Grit and no-one else in
connection with Transfer and will not be responsible to anyone
other than Grit for providing the protections offered to clients of
Deloitte or for providing advice in relation to the Transfer.
Deloitte is authorised and regulated in the United Kingdom by the
Financial Conduct Authority in respect of regulated activities.
Deloitte can be contacted at its principal office: 1 New Street
Square, London EC4A 3HQ.
finnCap Limited ("finnCap"), which is authorised and regulated
in the United Kingdom by the Financial Conduct Authority, is acting
for Grit and no-one else in connection with the Transfer and will
not be responsible to anyone other than Grit for providing the
protections offered to clients of finnCap or for providing advice
in relation to the Transfer.
No representation or warranty, express or implied, is made by
Deloitte or finnCap as to, and no liability is accepted by Deloitte
or finnCap in respect of, any of the contents of this
announcement.
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END
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