Last checked at 7 Mar 2019 10:10
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") |
DEALINGS IN SECURITIES BY GRIT EXECUTIVE SHARE TRUST
In compliance with paragraph 14.9(d) of schedule 14 and paragraphs 3.63 to 3.74 of the JSE Limited Listings Requirements, the following information, relating to the dealing in securities by the trustees of The Grit Executive Share Trust ("Share Trust") is disclosed (the Share Trust is a Person Closely Associated ("PCA") with a PDMR for the purposes of the Market Abuse Regulation):
NAME OF SCHEME | Grit Real Estate Income Group Limited Long-Term Incentive Plan | ||||||
COMPANY TO WHICH THE SCHEME RELATES | Grit Real Estate Income Group Limited | ||||||
TYPE AND CLASS OF SECURITIES | Ordinary shares | ||||||
NATURE OF TRANSACTION
| Purchase of shares by the Share Trust to enable it to comply with its obligations in terms of the Grit Real Estate Income Group Limited Long-Term Incentive Plan (on-market transaction) | ||||||
PRICE(S) AND VOLUME(S) |
| ||||||
AGGREGATED INFORMATION: WEIGHTED AVERAGE PRICE VOLUME |
As above | ||||||
TOTAL RAND VALUE OF SECURITIES TRANSACTED | R47,872,500 | ||||||
DATE OF TRANSACTION | 06 March 2019 | ||||||
PLACE OF THE TRANSACTION | Johannesburg Stock Exchange, Main Market (JSE) |
Clearance to deal in these securities was obtained in accordance with paragraph 3.66 of the Listings Requirements of the JSE Limited and Appendix 6 of the Listings Rules of the Stock Exchange of Mauritius Ltd.
By order of the Board
7 March 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 Nomzano 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.