Grit Real Estate Income Group Dividend declaration (0253P)

TIDMGR1T

RNS Number : 0253P

Grit Real Estate Income Group

15 February 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" ) 
 

DIVIDEND DECLARATION

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 , advises Shareholders that a dividend of US$ 1.50 cents per share for the six months ended 31 December 2020 has been approved and declared by the Board of the Company. The source of the cash dividend is from rental income and cum-dividend reserve.

Salient dates and times

 
 For shareholders on the Mauritian Register                    2021 
 Announcement of cash dividend on SEM and LSE   Monday, 15 February 
                                               -------------------- 
 Last date to trade cum dividend                   Tuesday, 2 March 
                                               -------------------- 
 Shares trade ex-dividend                        Wednesday, 3 March 
                                               -------------------- 
 Record date of dividend on the SEM                 Friday, 5 March 
                                               -------------------- 
 Payment date of dividend                           Friday, 9 April 
                                               -------------------- 
 

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, 3 March 2021 and Friday, 5 March 2021, both days inclusive.

3. Shareholders on the Mauritian sub-register who have opted to receive their dividends through bank transfer, will be paid in US$. Shareholders on the Mauritian sub-register who have opted to receive their dividends by cheque, will be provided with a MUR bank cheque, based on the US$:MUR exchange rate prevailing on the payment date, being Friday, 9 April 2021. Should the latter shareholders wish to receive their dividends through bank transfer, they are required to contact Grit's Mauritian Registrar and Transfer Agent, Intercontinental Secretarial Services Limited (email: [e-mail] | Tel: [phone]) by no later than Friday, 2 April 2021.

4. There is no withholding tax payable in Mauritius.

 
 For shareholders on the UK Register                           2021 
 Announcement of cash dividend on SEM and LSE   Monday, 15 February 
                                               -------------------- 
 Last date to trade cum dividend                 Wednesday, 3 March 
                                               -------------------- 
 Shares trade ex-dividend                         Thursday, 4 March 
                                               -------------------- 
 Record date of dividend on the LSE                 Friday, 5 March 
                                               -------------------- 
 Last date for receipt of currency election 
  forms                                             Friday, 5 March 
                                               -------------------- 
 Payment date of dividend                           Friday, 9 April 
                                               -------------------- 
 

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 a Regulatory Information Service of the LSE.

2. No dematerialisation or rematerialisation of share certificates may take place between Wednesday, 3 March 2021 and Friday, 5 March 2021, both days inclusive.

3. 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, 5 March 2021 (the "Election Date").

4. 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/.

By order of the Board

15 February 2021

FOR FURTHER INFORMATION, PLEASE CONTACT :

 
 Grit Real Estate Income Group Limited 
 Bronwyn Corbett, 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 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 Corbett (Chief Executive Officer)*, Leon van de Moortele (Chief Financial Officer)*, Jonathan Crichton(+) , Sir Samuel Esson Jonah(+) , Nomzamo Radebe, Catherine McIlraith(+) , David Love(+) , 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.

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February 15, 2021 02:00 ET (07:00 GMT)