Last checked at 26 Sep 2018 07:01
| 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 JSE share code: GTR ISIN: MU0473N00036 ("Grit" or the "Company") |
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DIVIDEND DECLARATION
Shareholders are advised that dividend number 9 of US$ 6.12 cents per share for the six months ended 30 June 2018 has been approved and declared by the Board of the Company on 25 September 2018. The source of the cash dividend is from rental income and cum-dividend reserve.
Salient dates and times
| For shareholders on the Mauritian Register |
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| Announcement of cash dividend on JSE, SEM and LSE
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Wednesday, 26 September 2018
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| Announcement of US$ to Rand conversion rate released on SEM website by no later than 13:00 | Tuesday, 9 October 2018
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| Last date to trade cum dividend | Tuesday, 16 October 2018 |
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Shares trade ex-dividend | Wednesday, 17 October 2018 |
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Record date of dividend on the SEM | Friday, 19 October 2018 |
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Payment date of dividend | Friday, 16 November 2018 |
Notes
| 1. | All dates and times quoted above are local dates and times in Mauritius. The above dates and times are subject to change. Any changes will be released on the SEM website. |
| 2. | No dematerialisation or rematerialisation of share certificates may take place between Wednesday, 17 October 2018 and Friday, 19 October 2018, both days inclusive. |
| 3. | No transfer of shares between sub-registers in Mauritius, South Africa and the UK may take place between Tuesday, 9 October 2018 and Friday, 19 October 2018, both days inclusive. |
| For shareholders on the South African Register |
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| Announcement of cash dividend on JSE, SEM and LSE
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Wednesday, 26 September 2018
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| Announcement of US$ to Rand conversion rate released on SENS by no later than 11:00 | Tuesday, 9 October 2018
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| Last date to trade cum dividend | Tuesday, 16 October 2018 |
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Shares trade ex-dividend | Wednesday, 17 October 2018 |
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Record date of dividend on the JSE | Friday, 19 October 2018 |
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Payment date of dividend | Friday, 16 November 2018 |
Notes
| 1. | All dates and times quoted above are local dates and times in South Africa. The above dates and times are subject to change. Any changes will be released on SENS. |
| 2. | No dematerialisation or rematerialisation of share certificates may take place between Wednesday, 17 October 2018 and Friday, 19 October 2018, both days inclusive |
| 3. | No transfer of shares between sub-registers in Mauritius, South Africa and the UK may take place between Tuesday, 9 October 2018 and Friday, 19 October 2018, both days inclusive. |
| 4. | Shareholders on the South African sub-register will receive dividends in South African Rand, based on the exchange rate to be obtained by the Company on or before Tuesday, 9 October 2018. A further announcement in this regard will be made on Tuesday, 9 October 2018. |
| For shareholders on the UK Register |
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| Announcement of cash dividend on JSE, SEM and LSE
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Wednesday, 26 September 2018
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| Announcement of US$ to Rand conversion rate released on the Regulatory Information Service of the LSE by no later than 10:00 | Tuesday, 9 October 2018
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| Last date to trade cum dividend | Wednesday, 17 October 2018 |
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Shares trade ex-dividend | Thursday, 18 October 2018 |
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Record date of dividend on the LSE | Friday, 19 October 2018 |
| Last date for receipt of currency election forms | Friday, 19 October 2018 |
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Payment date of dividend | Friday, 16 November 2018 |
Notes
| 1. | All dates and times quoted above are local dates and times in the UK. The above dates and times are subject to change. Any changes will be released on the Regualtory Information Service of the LSE. |
| 2. | No dematerialisation or rematerialisation of share certificates may take place between Wednesday, 17 October 2018 and Friday, 19 October 2018, both days inclusive |
| 3. | No transfer of shares between sub-registers in Mauritius, South Africa and the UK may take place between Tuesday, 9 October 2018 and Friday, 19 October 2018, both days inclusive. |
| 4. | Shareholders on the UK sub-register will receive dividends in US$. However, shareholders can elect to have dividends paid in sterling (GBP) and the option to elect a sterling dividend payment for this dividend will be available to shareholders until Friday, 19 October 2018 (the "Election Date"). |
| 5. | Further details together with a copy of the Dividend Currency Election Form, which should be sent to Link Asset Services, The Registry, 34 Beckenham Road, Beckenham, Kent, BR3 4TU when completed, will be available on the Company's website shortly at http://grit.group/. CREST shareholders must elect via CREST. |
In terms of the JSE Listings Requirements regarding Dividends Tax, the following information is only of direct application to shareholders on the South African share register, as the dividend is regarded as a foreign dividend for shareholders on the South African register:
- the final dividend is subject to South African Dividends Tax;
- the local dividend tax rate is 20%;
- there is no withholding tax payable in Mauritius;
- the number of ordinary shares in issue is 306 396 035 and
- the Mauritian income tax reference number of the Company is 27331528.
By Order of the Board
26 September 2018
For further information please contact:
| SEM Authorised Representative and Sponsor
Perigeum Capital | JSE Sponsor
PSG Capital | UK Financial Adviser
finnCap |
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| Grit Real Estate Income Group Limited |
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| Bronwyn Corbett, Chief Executive Officer | +230 269 7090 | |||
| Leon van de Moortele, Chief Financial Officer | +230 269 7090 | |||
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| finnCap Ltd - UK Financial Adviser |
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| 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 |
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| Jos Bieneman / David Westover / Ellen Wilton | +44 20 7638 9571 | |||
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Perigeum Capital Ltd - SEM authorised representative and sponsor |
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| Shamin A. Sookia | +230 402 0894 | |||
| Kesaven Moothoosamy | +230 402 0898 | |||
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| PSG Capital - JSE Sponsor and Corporate Adviser |
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| 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
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 the Company accepts full responsibility for the accuracy of the information contained in this communiqué.