Grit Real Estate Income Group Director/PDMR Shareholding (3319X)

TIDMGR1T

RNS Number : 3319X

Grit Real Estate Income Group

04 May 2021

 
 GRIT REAL ESTATE INCOME GROUP LIMITED 
  (Registered in Guernsey) 
  (Registration number: 68739) 
  LSE share code: GR1T 
  SEM share code: DEL.N0000 
  ISIN: GG00BMDHST63 
  LEI: 21380084LCGHJRS8CN05 
  ("Grit" or the "Company" and, together with its 
  subsidiaries, the "Group" ) 
 

DEALING IN SECURITIES BY DIRECTOR/PERSON DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM

The board of directors (the "Board") of Grit Real Estate Income Group Limited, a leading pan-African real estate company focused on investing in and actively managing a diversified portfolio of assets underpinned by predominantly US$ and Euro denominated long-term leases with high quality multi-national tenants, has been notified that on 30 April 2021, Mr. Jonathan Crichton, who is a shareholder and independent Non-Executive Director of Grit, acquired 50,000 ordinary shares of no par value in the Company ("Ordinary Shares") at a price of USD 0.66 per share. Following the purchase Mr. Crichton holds 180,000 Ordinary Shares representing c.0.05% of the Company's total issued share capital.

Mr. Jonathan Crichton is a Person Discharging Managerial Responsibilities ("PDMR") for the purposes of the Market Abuse Regulation ("MAR").

The Notification of Transaction Form provided in accordance with the requirements of the MAR in relation to the transaction listed above is set out below.

 
 1    Details of the person discharging managerial responsibilities/person 
       closely associated 
 a.   Name                           Jonathan Crichton 
     -----------------------------  ---------------------------------------- 
 2    Reason for notification 
     ----------------------------------------------------------------------- 
 a.   Position/Status                Independent Non-Executive Director 
     -----------------------------  ---------------------------------------- 
 b.   Initial notification/          Initial Notification 
       Amendment 
     -----------------------------  ---------------------------------------- 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     ----------------------------------------------------------------------- 
 a.   Name                           GRIT REAL ESTATE INCOME GROUP LIMITED 
     -----------------------------  ---------------------------------------- 
 b.   LEI                            21380084LCGHJRS8CN05 
     -----------------------------  ---------------------------------------- 
 4    Details of the transaction(s): section to be repeated 
       for (i) each type of instrument; (ii) each type of transaction; 
       (iii) each date; and (iv) each place where transactions 
       have been conducted 
     ----------------------------------------------------------------------- 
 a.   Description of the             Ordinary shares of No Par Value 
       financial instrument, 
       type of instrument 
 
                                      GG00BMDHST63 
       Identification Code 
     -----------------------------  ---------------------------------------- 
 b.   Nature of the transaction      Purchase of shares 
     -----------------------------  ---------------------------------------- 
 c.   Price(s) and volume(s)          Price(s)   Volume(s)   Total(s) 
                                       USD 0.66   50,000      USD 33,000 
                                                 ----------  ----------- 
     -----------------------------  ---------------------------------------- 
 d.   Aggregated information: 
        *    Aggregated Volume 
                                      Single transaction 
                                      As above 
        *    Price 
     -----------------------------  ---------------------------------------- 
 e.   Date of the transaction        30 April 2021 
     -----------------------------  ---------------------------------------- 
 f.   Place of the transaction       Stock Exchange of Mauritius Ltd 
     -----------------------------  ---------------------------------------- 
 

By Order of the Board

4 May 2021

FOR FURTHER INFORMATION, PLEASE CONTACT :

 
 Grit Real Estate Income Group Limited 
 Bronwyn Knight, Chief Executive Officer                 [phone] 
 Darren Veenhuis, Chief Strategy Officer 
  and Investor Relations                                 [phone] 
 
 Maitland/AMO - Communications Adviser 
 James Benjamin                                          [phone] 
                                                         [e-mail] 
 
 finnCap Ltd - UK Financial Adviser & Broker 
 William Marle/Giles Rolls/Teddy Whiley 
  (Corporate Finance)                                    [phone] 
 Mark Whitfeld/Pauline Tribe (Sales)                     [phone] 
 Monica Tepes (Research)                                 [phone] 
 
 Perigeum Capital Ltd - SEM Authorised Representative 
  and Sponsor 
 Shamin A. Sookia                                        [phone] 
 Kesaven Moothoosamy                                     [phone] 
 

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 net total shareholder return inclusive of NAV growth of 12.0% p.a.*

The Company currently holds a primary listing on the premium segment of the Main Market of the London Stock Exchange (LSE: GR1T) and a secondary listing on the Official Market of the Stock Exchange of Mauritius Ltd (SEM: DEL.N0000).

Further information on the Company is available at http://grit.group/

 
 *   This is a target only and not a profit forecast and there 
      can be no assurance that it will be met. Any forward-looking 
      statements and the assumptions underlying such statements 
      are the responsibility of the Board of directors and have 
      not been reviewed or reported on by the Company's external 
      auditors. 
 

Directors : Peter Todd(+) (Chairman), Bronwyn Knight (Chief Executive Officer)*, Leon van de Moortele (Chief Financial Officer)*, Jonathan Crichton(+) , Sir Samuel Esson Jonah(+) , Nomzamo Radebe, Catherine McIlraith(+) , David Love(+) , Cross Kgosidiile(+) and Bright Laaka (Permanent Alternate Director to Nomzamo Radebe).

(* Executive Director) ((+) independent Non-Executive Director)

Company secretary : Intercontinental Fund Services Limited

Registered office address : PO Box 186, Royal Chambers, St Julian's Avenue, St Peter Port, Guernsey GY1 4HP

Registrar and transfer agent (Mauritius) : Intercontinental Secretarial Services Ltd

Sponsoring broker : Capital Markets Brokers Ltd

SEM authorised representative and sponsor : Perigeum Capital Ltd

UK Transfer secretary : Link Assets Services Limited

This notice is issued pursuant to the FCA Listing Rules and SEM Listing Rule 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.

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 [e-mail] or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

DSHBCGDUBGGDGBX

(END) Dow Jones Newswires

May 04, 2021 02:00 ET (06:00 GMT)