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GR1T Grit Real Estate Income Group Limited

20.50
-0.50 (-2.38%)
28 Mar 2024 - Closed
Delayed by 15 minutes
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
  -0.50 -2.38% 20.50 20.00 21.00 21.00 20.50 21.00 63,710 16:13:01
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Real Estate Investment Trust 56.54M -23.63M -0.0478 -4.29 101.44M

Grit Real Estate Income Group Investor and analyst site visit to Mauritius (6981T)

22/03/2019 7:30am

UK Regulatory


TIDMGR1T

RNS Number : 6981T

Grit Real Estate Income Group

22 March 2019

 
 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") 
 

INVESTOR AND ANALYST SITE VISIT TO MAURITIUS

The board of directors of Grit Real Estate Income Group Limited (the "Board"), 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, hereby informs its shareholders that several South African, Mauritian and international investors and analysts will be visiting the Company's assets in Mauritius today.

During the visit, a presentation will be made available to delegates regarding the property portfolio, as well as on the economic dynamics and risk profile of the country and region.

The presentation contains no materially new information on Grit's current trading or future financial performance and will be available at http://grit.group/presentations/.

By Order of the Board

22 March 2019

FOR FURTHER INFORMATION, PLEASE CONTACT:

 
Grit Real Estate Income Group Limited 
Bronwyn Corbett, Chief Executive Officer               +230 269 7090 
Darren Veenhuis, Head of Investor Relations            +44 779 512 3402 
Morne Reinders, Investor Relations                     +27 82 480 4541 
 
Maitland/AMO - Communications Adviser 
James Benjamin                                         +44 20 7379 5151 
Vikki Kosmalska                                        Grit-maitland@maitland.co.uk 
Jason Ochere 
 
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 
 
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 
 

The Company's LEI is: 21380084LCGHJRS8CN05

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 an annual dividend yield in US$ of 8.0%+p.a and a net total shareholder return inclusive of NAV growth of 12.0%+ p.a.*

The Company currently holds primary listings on both the Main Market of the London Stock Exchange (LSE: GR1T) and on the Main Board of the Johannesburg Stock Exchange (JSE: GTR), with 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/

*These are targets only and not a profit forecast and there can be no assurance that they will be met.

Directors:

Peter Todd+ (Chairman), Bronwyn Corbett (Chief Executive Officer)*, Leon van de Moortele (Chief Financial Officer)*, Ian Macleod+, Matshepo More, Nomzamo Radebe, Catherine McIlraith+, David Love+, Sir Samuel Esson Jonah+ and Bright Laaka (Permanent Alternate Director to Nomzano Radebe).

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

Company secretary: Intercontinental Fund Services Limited

Registered address: c/o Intercontinental Fund Services Limited, 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 Limited

SEM authorised representative and sponsor: Perigeum Capital Ltd

This notice is issued pursuant to the JSE Listings Requirements, the LSE Listing Rules, SEM Listing Rule 11.3 and Rule 5(1) of the Securities (Disclosure Obligations of Reporting Issuers) Rules 2007. 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

MSCLIFERVAIFFIA

(END) Dow Jones Newswires

March 22, 2019 03:30 ET (07:30 GMT)

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