Grit Real Estate Income Group Transaction in Own Shares (7795H)

TIDMGR1T

RNS Number : 7795H

Grit Real Estate Income Group

28 November 2022

 
 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" ) 
 

TRANSACTION IN OWN SHARES

The Company announces that on 25 November 2022 it purchased 100,000 Ordinary Shares at a price of GBP GBP0.3103 per share on the London Stock Exchange. These shares are to be held in treasury resulting in no change to the total number of Ordinary Shares in issue following the above transaction.

The purchase is pursuant to the buyback and liquidity management programme first announced on 28 October 2022 ( link here )

By Order of the Board

28 November 2022

FOR FURTHER INFORMATION, PLEASE CONTACT:

 
Grit Real Estate Income Group Limited 
Bronwyn Knight, Chief Executive Officer                [phone] 
Darren Veenhuis, Investor Relations                    [phone] 
 
H/Advisors Maitland - Communications Advisor 
                                                       [phone] / +44 
James Benjamin                                          20 7379 5151 
Alistair de Kare-Silver                                [e-mail] 
 
finnCap Ltd - UK Financial Adviser 
William Marle/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] 
 
Capital Markets Brokers Ltd - Mauritian 
 Sponsoring Broker 
Elodie Lan Hun Kuen                                    [phone] 
 

NOTES:

Grit Real Estate Income Group Limited is the leading and award-winning pan-African impact 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 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 holds its primary listing on the Main Market of the London Stock Exchange (LSE: GR1T) and a secondary listing on the Stock Exchange of Mauritius (SEM: DEL.N0000).

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+, Sir Samuel Esson Jonah+, Nomzamo Radebe, Catherine McIlraith+, Jonathan Crichton+, Cross Kgosidiile and Bright Laaka (Permanent Alternate Director to Nomzamo Radebe).

(* 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 Asset 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 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

POSBVLFLLFLFFBK

(END) Dow Jones Newswires

November 28, 2022 05:22 ET (10:22 GMT)