TIDMGR1T
RNS Number : 2841C
Grit Real Estate Income Group
17 June 2021
GRIT REAL ESTATE INCOME GROUP LIMITED
(Registered in Guernsey)
(Registration number: 68739)
LSE share code: GR1T
SEM share code: DEL.N0000
ISIN: GG00BMDHST63
LEI: 21380084LCGHJRS8CN05
("Grit" or the "Company" and, together with its subsidiaries,
the "Group")
RESULTS OF THE GENERAL MEETING
The board of Directors of Grit Real Estate Income Group Limited
(the "Board") is pleased to announce that at the general meeting of
the Company ("GM") held at 1 p.m. Mauritian time (10 a.m. UK time)
today, Thursday, 17 June 2021, at 3rd Floor, La Croisette Shopping
Centre, Grand Baie, Mauritius, all resolutions were passed by the
Company's shareholders. The detailed results of the voting, are as
follows:
Votes in
favour resolution Votes against Number of
as a percentage resolution shares voted Number of
of total as a percentage at GM as shares abstained
number of of total number a percentage as a percentage
shares voted of shares of shares of shares
at GM voted at GM Number in issue in issue
(rounded (rounded to of shares (rounded (rounded
Resolutions proposed to 2 decimal 2 decimal voted at to 2 decimal to 2 decimal
at the GM place)* place)* GM place)* place)*
Ordinary resolution
number 1:
Receiving and considering
the auditors' reports
and the Integrated
Annual Report and
the adoption of
the audited financial
statements 100% Nil 235,673,596 71.15% Nil
------------------- ----------------- ------------ -------------- ------------------
Ordinary resolution
number 2:
Appointment of
PricewaterhouseCoopers
LLP as statutory
auditors of the
Company 100% Nil 235,669,379 71.15% Nil
------------------- ----------------- ------------ -------------- ------------------
Ordinary resolution
number 3:
Authorisation to
the directors to
fix the remuneration
of PricewaterhouseCoopers
LLP as statutory
auditors of the
Company 100% Nil 235,669,369 71.15% Nil
------------------- ----------------- ------------ -------------- ------------------
Ordinary resolution
number 4:
Appointment of
Mr.Cross Kgosidiile
as Director of
the Company 100% Nil 235,673,596 71.15% Nil
------------------- ----------------- ------------ -------------- ------------------
Ordinary resolution
number 5:
Approval of the
2021 Long-Term
Incentive Scheme 99.69% Nil 234,940,740 70.93% 0.22%
------------------- ----------------- ------------ -------------- ------------------
Ordinary resolution
number 6:
Authorisation to
the directors to
grant awards to
eligible persons
to subscribe for
shares up to a
total of 16,561,777
shares in aggregate,
being 5% of the
issued share capital
of the Company 100% Nil 235,673,556 71.15% Nil
------------------- ----------------- ------------ -------------- ------------------
Ordinary resolution
number 7:
Approval of the
amended Remuneration
Policy 61.91% 37.78% 234,940,350 70.93% 0.22%
------------------- ----------------- ------------ -------------- ------------------
Special resolution
number 8:
Authorisation to
directors to make
market purchases
of up to 49,652,208
of the ordinary
shares issued by
the Company 100% Nil 235,673,196 71.15% Nil
------------------- ----------------- ------------ -------------- ------------------
Special resolution
number 9:
Authorisation to
directors to disapply
pre-emptive rights
on the issue of
sale of ordinary
shares 97.06% 2.63% 234,940,340 70.93% 0.22%
------------------- ----------------- ------------ -------------- ------------------
* Percentages are expressed as a proportion of the total votes
cast (which does not include votes withheld).
A vote withheld is not a vote in law and it is not counted in
the votes for and against resolutions.
Total number of shares with voting rights in issue as at the
date of the GM was 331,235,546.
Shareholders are further advised that, as ordinary resolution
number 7, relating to the non-binding advisory vote on the
remuneration policy of the Company, were voted against by 20% or
more of the votes exercised by the Company's shareholders present
in person or represented by proxy at the GM, the executives of Grit
will make themselves available to consult with such dissenting
shareholders on Thursday, 1 July 2021 at 2 p.m. Mauritius time (11
a.m. UK time) via a telephone conference. All dissenting
shareholders to confirm their participation to the company
secretary by e-mail at Grit@intercontinentaltrust.com by no later
than close of business on Monday, 28 June 2021, who will provide
dial-in details for the telephone conference. Dissenting
shareholders are further invited to forward their
concerns/questions on the remuneration policy to the company
secretary in writing by close of business on 28 June 2021.
In accordance with Listing Rule 9.6.2 of the UK Financial
Conduct Authority ("FCA"), a copy of the resolutions passed at the
GM has been submitted to the FCA via the National Storage Mechanism
and will shortly be available to the public for inspection at:
https://data.fca.org.uk/#/nsm/nationalstoragemechanism .
By Order of the Board
17 June 2021
FOR FURTHER INFORMATION PLEASE CONTACT:
Grit Real Estate Income Group Limited
Bronwyn Knight, Chief Executive Officer IR@Grit.group
Darren Veenhuis, Chief Strategy Officer
Maitland/AMO - Communications Adviser
James Benjamin +44 7747 113 930
Grit-maitland@maitland.co.uk
finnCap Ltd - 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 Dollar 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 a net total shareholder return
inclusive of net asset value growth of 12.0%+ per annum.*
The Company currently holds a primary listing on the Premium
segment of the Main Market of the London Stock Exchange (LSE:
GR1T)), and a secondary listing on the Official Market of the Stock
Exchange of Mauritius Ltd (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:
Directors : Peter Todd(+) (Chairman), Bronwyn Knight (Chief
Executive Officer)*, Leon van de Moortele (Chief Financial
Officer)*, Jonathan Crichton(+) , Sir Samuel Esson Jonah(+) ,
Nomzamo Radebe, Catherine McIlraith(+) , David Love(+) , Cross
Kgosidiile (+) and Bright Laaka (Permanent Alternate Director to
Nomzamo Radebe).
(* Executive Director) (+ independent Non-Executive
Director)
Company secretary : Intercontinental Fund Services Limited
Company secretary address : Level 5, Alexander House, 35
Cybercity, Ebene, 72201, Mauritius
Registered office address : PO Box 186, Royal Chambers, St
Julian's Avenue, St Peter Port, Guernsey GY1 4HP
Registrar and transfer agent (Mauritius) : Intercontinental
Secretarial Services Limited
SEM Sponsoring broker : Capital Markets Brokers Ltd
SEM authorised representative and sponsor: Perigeum Capital
Ltd
UK Transfer secretary : Link Assets Services Limited
This notice is issued pursuant to the FCA Listing Rules, SEM
Listing Rule 15.24 and the Mauritian Securities Act 2005. The Board
of the Company accepts full responsibility for the accuracy of the
information contained in this communiqué.
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END
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