Grit Real Estate Income Group Director/PDMR Shareholding (7774I)
April 20 2022 - 7:00AM
UK Regulatory
TIDMGR1T
RNS Number : 7774I
Grit Real Estate Income Group
20 April 2022
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" )
DEALING IN SECURITIES BY DIRECTOR/PERSON DISCHARGING MANAGERIAL
RESPONSIBILITIES AND PERSON CLOSELY ASSOCIATED WITH THEM
In relation to the Proposed Acquisition of interests in GREA and
APDM ("the "Transaction"), which was notified in the Prospectus and
Circular on 22 November 2021 and further updates announced by the
Company on 11 April 2022 and 19 April 2022, the following dealings
by Director and Person Discharging Managerial Responsibilities
("PDMRs") have now been completed. All dealings took place at the
issue price of USD0.52 per new ordinary share and the shares were
admitted to trading on 20 April 2022.
The Notification of Transaction Form provided in accordance with
the requirements of the MAR in relation to the transaction listed
above is set out below.
Notification of a Transaction pursuant to Article 19(1) of
Regulation (EU) No. 596/2014
1 Details of the person discharging managerial responsibilities/person
closely associated
------------------------------------------------------------------------
a. Name of PDMR Bronwyn Knight
-------------------------- --------------------------------------------
b. Name of PCA Dorado 1 Ltd
-------------------------- --------------------------------------------
2 Reason for notification
------------------------------------------------------------------------
a. Position/Status Bronwyn Knight, CEO of Grit, is a settlor
of the Kenzlex Trust, which is a 50%
holder of the PCA
-------------------------- --------------------------------------------
b. Initial notification/ Initial Notification
Amendment
-------------------------- --------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
------------------------------------------------------------------------
a. Name GRIT REAL ESTATE INCOME GROUP LIMITED
-------------------------- --------------------------------------------
b. LEI 21380084LCGHJRS8CN05
-------------------------- --------------------------------------------
4 Details of the transaction(s): section to be repeated
for (i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions
have been conducted
------------------------------------------------------------------------
a. Description of the Ordinary shares of No Par Value
financial instrument,
type of instrument
Identification Code GG00BMDHST63
-------------------------- --------------------------------------------
b. Nature of the transaction Issue of Grit shares as consideration
for sale of interests in GREA and APDM,
as notified in the Prospectus and Circular
on 22 November 2021 and further updates
announced by the Company on 11 and 19
April 2022 .
-------------------------- --------------------------------------------
c. Price(s) and volume(s) Price(s) Volume(s) Total(s)
USD0.52 5,170,702 USD2,688,765.04
---------- ----------------
-------------------------- --------------------------------------------
d. Aggregated information:
* Aggregated Volume
Single transaction
As above
* Price
-------------------------- --------------------------------------------
e. Date of the transaction 20 April 2022
-------------------------- --------------------------------------------
f. Place of the transaction Off market
-------------------------- --------------------------------------------
g New total beneficial 2.28% of the outstanding shares of the
interest Issuer
-------------------------- --------------------------------------------
By Order of the Board
20 April 2022
FOR FURTHER INFORMATION, PLEASE CONTACT :
Grit Real Estate Income Group Limited
Bronwyn Knight, Chief Executive Officer +230 269 7090
Darren Veenhuis, Chief Strategy Officer and
Investor Relations +44 779 512 3402
Maitland/AMO - Communications Adviser
+44 7747 113 930 / +44
James Benjamin 7379 5151
Alistair de Kare-silver Grit-maitland@maitland.co.uk
finnCap Ltd - UK Financial Adviser
William Marle/ 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 the leading pan-African
real estate company focused on investing in, developing 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 holds its 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/
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
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 Ltd
Mauritian 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 LSE Listing Rules, Article
19 of MAR and 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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