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28 Aug 2018 07:00
GRIT REAL ESTATE INCOME GROUP LIMITED (Previously Mara Delta Property Holdings 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") |
COMPLETION OF THE ACQUISITION OF AN 'A' GRADE CORPORATE RESIDENTIAL ESTATE LEASED TO EMBASSY AND MULTINATIONAL OIL COMPANY
Shareholders are referred to the announcement released by the Company on 13 April 2018 ("Announcement") regarding the acquisition by the Company of an effective interest of 80.1% in Cognis 1 Limitada, incorporated in Mozambique, being the sole owner of an 'A' grade corporate residential complex known as Acacia Estate, located in Zone 5 A/B, Area da Costa do Sol, Maputo in Rua do Rio Inhamiara Road, Mozambique ("Property") and the corresponding rental enterprise conducted on the Property as a going concern ("Acquisition").
As indicated in the Announcement and the prospectus published by the Company on 18 July 2018, the Acquisition was subject to the fulfilment of certain conditions precedent.
Shareholders are hereby advised that all the conditions precedent have been fulfilled and the Acquisition has, accordingly, been completed.
28 August 2018
For further information please contact:
SEM Authorised Representative and Sponsor | JSE Sponsor | UK Financial Adviser |
Perigeum Capital Ltd | PSG Capital | finnCap Ltd |
Grit Real Estate Income Group Limited | |
Bronwyn Corbett, Chief Executive Officer | +230 269 7090 |
Leon van de Moortele, Chief Financial Officer | +230 269 7090 |
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+, Paul Huberman+, Matshepo More, Nomzamo Radebe and Catherine McIlraith+
(* executive director) (+ independent non-executive director)
Company secretary: Intercontinental Fund Services Limited
Registered address: 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
Corporate advisor and JSE sponsor: PSG Capital Proprietary Limited
Sponsoring Broker: Axys Stockbroking Ltd
SEM authorised representative and sponsor: Perigeum Capital Ltd
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This notice is issued pursuant to the LSE Listing Rules, the JSE Listings Requirements, SEM Listing Rule 11.3 and Rule 5(1) of the Securities (Disclosure Obligations of Reporting Issuers) Rules 2007. The board of directors of the Company accepts full responsibility for the accuracy of the information contained in this communiqué.
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