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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 | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 20.00 | 19.00 | 21.00 | 20.00 | 20.00 | 20.00 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Real Estate Investment Trust | 56.54M | -23.63M | -0.0478 | -4.18 | 98.97M |
TIDMGR1T
RNS Number : 5360M
Grit Real Estate Income Group
22 January 2021
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 ISIN: MU0473N00036 LEI: 21380084LCGHJRS8CN05 ("Grit" or the "Company" and, together with its subsidiaries, the "Group" )
TRANSFER TO A PREMIUM LISTING ON THE OFFICIAL LIST OF THE FCA
Further to its announcement on 21 December 2020, 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, announces the approval by the Financial Conduct Authority (the "FCA") of the transfer of the listing category of all of its ordinary shares of no par value from a standard listing (shares) to a premium listing (commercial company) on the Official List of the FCA in accordance with Rule 5.4A of the Listing Rules issued by the FCA (the "Transfer"). The Transfer will take effect at 8.00 a.m. today.
By Order of the Board
22 January 2021
FOR FURTHER INFORMATION, PLEASE CONTACT: :
Grit Real Estate Income Group Limited Bronwyn Corbett, Chief Executive Officer +230 269 7090 Darren Veenhuis, Chief Strategy Officer and Investor Relations +44 779 512 3402 Maitland/AMO - Communications Adviser James Benjamin +44 7747 113 930 Jason Ochere Grit-maitland@maitland.co.uk Deloitte LLP - Joint Sponsor Chris Nicholls +44 20 7936 3000 Craig Lukins Iain McKenzie finnCap Ltd - Joint Sponsor, UK Financial Adviser & Broker William Marle/Giles Rolls/Teddy Whiley (Corporate Finance) +44 20 7220 5000 Mark Whitfeld/Pauline Tribe (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
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), 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)*, 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 : c/o Intercontinental Fund Services Limited, Level 5, Alexander House, 35 Cybercity, Ebène 72201, Mauritius
Registrar and transfer agent (Mauritius) : Intercontinental Secretarial Services Limited
Sponsoring broker : Capital Markets Brokers Ltd
SEM authorised representative and sponsor : Perigeum Capital Ltd
UK Transfer secretary : Link Assets Services Limited
IMPORTANT NOTICE
The contents of this announcement have been prepared by and are the sole responsibility of the Company. The Company is not offering any Ordinary Shares or other securities in connection with the proposals described in this announcement. This announcement does not constitute or form part of, and should not be construed as, any offer for sale or subscription of, or solicitation of any offer to buy or subscribe for, any securities in the Company or securities in any other entity, in any jurisdiction, nor shall it, or any part of it, or the fact of its distribution, form the basis of, or be relied on in connection with, any contract or investment decision whatsoever, in any jurisdiction. This announcement does not constitute a recommendation regarding any securities.
The contents of the Company's website do not form part of this announcement.
Deloitte LLP ("Deloitte") is acting for Grit and no-one else in connection with Transfer and will not be responsible to anyone other than Grit for providing the protections offered to clients of Deloitte or for providing advice in relation to the Transfer. Deloitte is authorised and regulated in the United Kingdom by the Financial Conduct Authority in respect of regulated activities. Deloitte can be contacted at its principal office: 1 New Street Square, London EC4A 3HQ.
finnCap Limited ("finnCap"), which is authorised and regulated in the United Kingdom by the Financial Conduct Authority, is acting for Grit and no-one else in connection with the Transfer and will not be responsible to anyone other than Grit for providing the protections offered to clients of finnCap or for providing advice in relation to the Transfer.
No representation or warranty, express or implied, is made by Deloitte or finnCap as to, and no liability is accepted by Deloitte or finnCap in respect of, any of the contents of this announcement.
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.
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.
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January 22, 2021 02:00 ET (07:00 GMT)
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