We could not find any results for:
Make sure your spelling is correct or try broadening your search.
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 | 1,853 | 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 |
Grit Real Estate Income Group (GR1T) Board and Executive changes 19-Dec-2023 / 07:00 GMT/BST =---------------------------------------------------------------------------------------------------------------------- GRIT REAL ESTATE INCOME GROUP LIMITED (Registered in Guernsey) (Registration number: 68739) LSE share code: GR1T SEM share code (dual currency trading): DEL.N0000 (USD) / DEL.C0000(MUR) ISIN: GG00BMDHST63 LEI: 21380084LCGHJRS8CN05 ("Grit" or the "Company" and, together with its subsidiaries, the "Group")
BOARD AND EXECUTIVE CHANGES
The board of Directors (the "Board") of Grit Real Estate Income Group Limited, a leading pan-African impact real estate company focused on investing in, developing and actively managing a diversified portfolio of assets underpinned by predominantly USUSD and Euro denominated long-term leases with high quality multi-national tenants, today announces changes to the Board.
Sir Sam Jonah reached retirement age recently and accordingly withdrew himself from re-election at the annual general meeting, held yesterday, and has stepped down from the Board today. The Board would like to express its gratitude to Sir Sam for his meaningful contribution to Grit over the years and wishes him well for the future, and for his retirement.
The Board is pleased to announce the appointment of Mr Nigel Nunoo as independent Non-Executive Director with effect from 19 December 2023. He has also been appointed as a member of the Remuneration Committee.
Nigel is an experienced Global Senior Executive with 20+ years of tenure at Prudential Financial, Inc. He is known for successfully establishing and expanding the company's presence in Africa. Nigel is a Fellow of the Society of Actuaries (FSA) and a Chartered Financial Analyst (CFA) charter-holder who also has an Executive MBA. Nigel has a proven track record of driving sustainable growth and delivering sustainable profitability in diverse global markets, spanning the United States, Europe, and Africa and is fluent in English and several African languages.
Aside from the information set out in the announcement above, no further information is required to be disclosed pursuant to Listing Rule 9.6.13R.
Other Executive changes:
Leon van de Moortele, Executive Director and Chief Financial Officer of the Grit group, is taking a medical leave of absence. The Board are currently assessing the enlarged Group's shared services model (post the acquisition of GREA and APDM) and will make an announcement on a temporary replacement in due course. The Group has business continuity plans in place to ensure the smooth continuation of operations until the announcement of a temporary replacement is made.
Peter Todd, Non-Executive Chairman of Grit, commented:
"I would like to express my gratitude to Sir Sam for his meaningful contribution to Grit over the years and to wish him well for the future and for his retirement.
The Board is also looking forward to working closely with Nigel. His extensive expertise in global markets and well-established network throughout the region will be a great support for Grit's continued growth and enhancing of shareholder value."
By Order of the Board
19 December 2023
FOR FURTHER INFORMATION, PLEASE CONTACT:
Grit Real Estate Income Group Limited Bronwyn Knight, Chief Executive Officer +230 269 7090 Darren Veenhuis, Investor Relations +44 779 512 3402 Cavendish Capital Markets Limited - UK Financial Adviser William Marle/Teddy Whiley (Corporate Finance) +44 20 7220 5000 Pauline Tribe (Sales) +44 20 3772 4697 Perigeum Capital Ltd - SEM Authorised Representative and Sponsor Shamin A. Sookia +230 402 0894 Kesaven Moothoosamy +230 402 0898 Capital Markets Brokers Ltd - Mauritian Sponsoring Broker Elodie Lan Hun Kuen +230 402 0280
NOTES:
Grit Real Estate Income Group Limited is the leading pan-African woman led 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 USUSD 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 Main Market of the London Stock Exchange (LSE: GR1T and a dual currency trading secondary listing on the Stock Exchange of Mauritius (SEM: DEL.N0000 (USD) / DEL.C0000 (MUR)).
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)*, David Love+, Catherine McIlraith+, Jonathan Crichton+, Cross Kgosidiile, Nigel Nunoo+ and Lynette Finlay+.
(* Executive Director) (+ independent Non-Executive Director)
Company secretary: Intercontinental Fund Services Limited
Registered address: PO Box 186, Royal Chambers, St Julian's Avenue, St Peter Port, Guernsey GY1 4HP
Registrar and transfer agent (Mauritius): Intercontinental Secretarial Services Limited
UK Transfer secretary: Link Market Services Limited
SEM authorised representative and sponsor: Perigeum Capital Ltd
Mauritian sponsoring broker: Capital Markets Brokers Ltd
This notice is issued pursuant to the FCA Listing Rules, SEM Listing Rules 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.
----------------------------------------------------------------------------------------------------------------------- Dissemination of a Regulatory Announcement, transmitted by EQS Group. The issuer is solely responsible for the content of this announcement.
-----------------------------------------------------------------------------------------------------------------------
ISIN: GG00BMDHST63 Category Code: BOA TIDM: GR1T LEI Code: 21380084LCGHJRS8CN05 Sequence No.: 292688 EQS News ID: 1799321 End of Announcement EQS News Service =------------------------------------------------------------------------------------
Image link: https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=show_t_gif&application_id=1799321&application_name=news
(END) Dow Jones Newswires
December 19, 2023 02:00 ET (07:00 GMT)
1 Year Grit Real Estate Income Chart |
1 Month Grit Real Estate Income Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions