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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Grit Real Estate Income Group Limited | LSE:GR1T | London | Ordinary Share | GG00BMDHST63 | ORD NPV |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 20.00 | 19.00 | 21.00 | 20.00 | 20.00 | 20.00 | 6,000 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Real Estate Investment Trust | 56.54M | -23.63M | -0.0478 | -4.18 | 98.97M |
TIDMGR1T
RNS Number : 9347I
Grit Real Estate Income Group
29 November 2018
Hot Features
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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")
RESULTS OF ANNUAL GENERAL MEETING
Shareholders are hereby advised that at the annual general meeting of the Company held at 1.00 p.m. Mauritian time (11:00 a.m. South African time and 9.00 a.m. United Kingdom time), Thursday, 29 November 2018 at 3(rd) Floor, La Croisette Shopping Centre, Grand Baie, Mauritius ("AGM"), all of the resolutions were passed by the requisite majorities of the Company's shareholders.
Details of the results of the voting at the AGM are as follows:
Votes against
Votes for resolution
resolution as a percentage Number of
as a percentage of total shares voted Number of shares
of total number at AGM as abstained as
Resolutions number of of shares Number of a percentage a percentage
proposed at shares voted voted at shares voted of shares of shares in
the AGM at AGM AGM at AGM in issue issue
Ordinary resolution
number 1:
Consideration
and adoption
of the financial
statements,
receiving of
the auditors'
consideration
of the Integrated
Report 99.63 Nil 252,265,063 82.33 0.37
----------------- ----------------- -------------- -------------- -----------------
Ordinary resolution
number 2.1:
Appointment
of Nchaupe
Bright Laaka
as permanent
alternate to
Nomzamo Radebe 95.06 4.57 252,265,063 82.33 0.37
----------------- ----------------- -------------- -------------- -----------------
Ordinary resolution
number 2.2.1:
Re-election
of Peter Mcallister
Todd as Chairperson 98.03 1.60 252,265,063 82.33 0.37
----------------- ----------------- -------------- -------------- -----------------
Ordinary resolution
number 2.2.2:
Re-election
of Bronwyn
Anne Corbett
as executive
director 96.95 2.68 252,265,063 82.33 0.37
----------------- ----------------- -------------- -------------- -----------------
Ordinary resolution
number 2.2.3:
Re-election
of Leon Paul
van der Moortele
as executive
director 99.63 Nil 252,265,063 82.33 0.37
----------------- ----------------- -------------- -------------- -----------------
Ordinary resolution
number 2.2.4:
Re-election
of Faith Matshepo
More as non-executive
director 95.35 4.28 252,265,063 82.33 0.37
----------------- ----------------- -------------- -------------- -----------------
Ordinary resolution
number 2.2.5:
Re-election
of Nomzano
Radebe as non-executive
director 98.03 1.60 252,265,063 82.33 0.37
----------------- ----------------- -------------- -------------- -----------------
Ordinary resolution
number 2.2.6:
Re-election
of Cathrine
Mcllraith as
independent
non-executive
director 99.63 Nil 252,265,063 82.33 0.37
----------------- ----------------- -------------- -------------- -----------------
Ordinary resolution
number 2.2.7:
Re-election
of Ian Donald
Macleod as
independent
non-executive
director 99.63 Nil 252,265,063 82.33 0.37
----------------- ----------------- -------------- -------------- -----------------
Ordinary resolution
number 3:
Appointment
of PWC Mauritius
as the sole
statutory auditors
of the Company
and the appointment
of PwC LLP
for JSE and
LSE purposes 99.63 Nil 252,265,063 82.33 0.37
----------------- ----------------- -------------- -------------- -----------------
Ordinary resolution
number 4:
Approval of
remuneration
of non-executive
directors 97.77 1.86 252,265,063 82.33 0.37
----------------- ----------------- -------------- -------------- -----------------
Ordinary resolution
number 5:
Directos' authority
to issue a
maximum of
100 million
ordinary shares 88.45 11.18 252,265,063 82.33 0.37
----------------- ----------------- -------------- -------------- -----------------
Ordinary resolution
number 6:
Authority of
directors 99.63 Nil 252,265,063 82.33 0.37
----------------- ----------------- -------------- -------------- -----------------
Ordinary resolution
number 7:
Non-binding
advisory vote
on Grit's Remuneration
policy 58.93 40.41 251,532,257 82.09 0.66
----------------- ----------------- -------------- -------------- -----------------
Ordinary resolution
number 8:
Non-binding
advisory vote
on Grit's implementation
report on the
remuneration
policy 58.76 40.58 251,532,257 82.09 0.66
----------------- ----------------- -------------- -------------- -----------------
Special resolution
number 1:
General authority
to issue shares
for cash on
a non-pre-emptive
basis 97.59 2.04 252,265,063 82.33 0.37
----------------- ----------------- -------------- -------------- -----------------
Special resolution
number 2:
Antecedent
Distributions
(Reduction
in Stated Capital) 99.34 Nil 251,532,257 82.09 0.66
----------------- ----------------- -------------- -------------- -----------------
Special resolution
number 3:
Share buy back 95.33 4.30 252,265,063 82.33 0.37
----------------- ----------------- -------------- -------------- -----------------
Special resolution
number 4:
Adoption of
new Constitution 99.63 Nil 252,265,063 82.33 0.37
----------------- ----------------- -------------- -------------- -----------------
Note:
Total number of shares in issue as at the date of the AGM was 306,396,035.
Shareholders are further advised that, as ordinary resolution number 7, relating to the non-binding advisory vote on the remuneration policy of the Company and ordinary resolution number 8 relating to the non-binding advisory vote on the implementation of the remuneration policy, were voted against by 25% or more of the votes exercised by the Company's shareholders present in person or represented by proxy at the AGM, an invitation will be extended to such dissenting shareholders to engage with the Company. The manner and timing of such engagement has not as yet been finalised and the Company will issue a further announcement shortly setting out such details.
29 November 2018
SEM Authorised Representative JSE Sponsor and Corporate UK Financial Adviser
and Sponsor Adviser
Perigeum Capital PSG Capital finnCap
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+, 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
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 Rules 11.3 and 11.16 and the Mauritian Securities Act 2005. The Board of the Company accepts full responsibility for the accuracy of the information contained in this communiqué.
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
END
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(END) Dow Jones Newswires
November 29, 2018 07:40 ET (12:40 GMT)
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