Grit Real Estate Income Group Result of General Meeting (6496P)

TIDMGR1T

RNS Number : 6496P

Grit Real Estate Income Group

11 October 2019

 
 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" or the "Group") 
 

RESULT OF GENERAL MEETING

Shareholders are hereby advised that all of the resolutions proposed at the General Meeting of the Company (the "GM") held earlier today were duly passed by the requisite majorities of the Company's shareholders.

The GM was held at 10:00 (Mauritian time) (08:00 South African time and 07:00 United Kingdom time) today, Friday, 11 October 2019 at the offices of Intercontinental Fund Services Limited, Level 5, Alexander House, 35 Cybercity, Ebène.

Details of the results of the voting at the GM are set out below:

 
                                  Votes for      Votes against 
                                 resolution         resolution                       Number of 
                            as a percentage    as a percentage                    shares voted           Number of 
                                   of total           of total                        at GM as    shares abstained 
 Resolutions                      number of          number of       Number of    a percentage     as a percentage 
  proposed at                  shares voted       shares voted    shares voted       of shares           of shares 
  the GM                              at GM              at GM           at GM        in issue            in issue 
 Ordinary resolution 
  number 1: Specific 
  authority to 
  issue Shares 
  or sell treasury 
  Shares for 
  cash in terms 
  of the JSE 
  Listings Requirements 
  and the SEM 
  Rules                              99.76%              0.24%     229,764,943          74.99%               0.19% 
                          -----------------  -----------------  --------------  --------------  ------------------ 
 Special resolution 
  number 1: Authority 
  to disapply 
  pre-emption 
  rights in terms 
  of the Mauritian 
  Companies Act 
  and the Constitution               99.65%              0.35%     229,764,943          74.99%               0.19% 
                          -----------------  -----------------  --------------  --------------  ------------------ 
 Ordinary resolution 
  number 2: Appointment 
  of a director 
  to the Board                       99.76%              0.24%     229,765,483          74.99%               0.19% 
                          -----------------  -----------------  --------------  --------------  ------------------ 
 Ordinary resolution 
  number 3: Directors' 
  authority                          99.97%              0.03%     229,764,943          74.99%               0.19% 
                          -----------------  -----------------  --------------  --------------  ------------------ 
 

Note

Total number of shares in issue as at the date of the GM was 306,396,035.

By order of the Board

11 October 2019

FOR FURTHER INFORMATION PLEASE CONTACT:

 
Grit Real Estate Income Group Limited 
Bronwyn Corbett, Chief Executive Officer               [phone] 
Darren Veenhuis, Head of Investor Relations            [phone] 
Morne Reinders, Investor Relations                     [phone] 
 
Maitland/AMO - Communications Adviser 
James Benjamin                                         [phone] 
Vikki Kosmalska                                        [e-mail] 
Jason Ochere 
 
finnCap Ltd - UK Financial Adviser 
William Marle / Scott Mathieson / Matthew 
 Radley (Corporate Finance)                            [phone] 
Mark Whitfeld (Sales)                                  [phone] 
Monica Tepes (Research)                                [phone] 
 
Perigeum Capital Ltd - SEM Authorised Representative 
 and Sponsor 
Shamin A. Sookia                                       [phone] 
Kesaven Moothoosamy                                    [phone] 
 
PSG Capital - JSE Sponsor and Corporate 
 Adviser 
David Tosi                                             [phone] 
 

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 a net total shareholder return inclusive of net asset value growth of 12.0%+ per annum.*

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), while its listing on the Official Market of the Stock Exchange of Mauritius Ltd is termed as a secondary listing (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)*, Ian Macleod(+) , Nomzamo Radebe, Catherine McIlraith(+) , David Love(+) , Sir Samuel Esson Jonah(+) , and Bright Laaka (Permanent Alternate Director to Nomzamo 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

Corporate advisor and 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 Rule 11.3 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.

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October 11, 2019 07:00 ET (11:00 GMT)