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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")
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DRIVE IN
TRADING STRUCTURE UNWIND AND TRANSACTION IN OWN SHARES
The board of
Directors (the "Board")
of Grit Real Estate Income Group
Limited today announces the conclusion of the unwind of
the Drive
in Trading (Pty)
Ltd ("DiT")
structure.
The transaction is already fully
provided for in Grit’s financial results and is not expected to
have any meaningful impact on the Company's latest reported EPRA
NRV.
The Public Investment Corporation,
on behalf of the Government Employees Pension Fund of South Africa,
has added its entitlement of DiT Security Shares to its existing
holdings in the Company while Grit has added 9,000,000 Ordinary
Shares at
a nominal price of USD $0.01 per share to treasury. There is no change to
the total number of Ordinary Shares in issue following the above
transaction
By Order of the Board
4 June
2024
FOR FURTHER
INFORMATION, PLEASE CONTACT:
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Grit Real Estate
Income Group Limited
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Bronwyn Knight, Chief Executive
Officer
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+230 269 7090
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Darren Veenhuis, Investor
Relations
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+44 779 512 3402
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Cavendish Capital
Markets Limited - UK Financial Adviser
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James King /Teddy
Whiley (Corporate Finance)
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+44 20 7220 5000
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Justin Zawoda-Martin
/ Daniel Balabanoff/Pauline
Tribe (Sales)
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+44 20 3772 4697
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Perigeum Capital
Ltd - SEM Authorised Representative and Sponsor
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Shamin A. Sookia
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+230 402 0894
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Capital Markets
Brokers Ltd - Mauritian Sponsoring
Broker
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Elodie Lan Hun Kuen
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+230 402 0280
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NOTES:
Grit Real Estate Income Group
Limited is the leading pan-African impact real estate company
focused on investing in, developing and actively managing a
diversified portfolio of assets in carefully selected African
countries (excluding South Africa). These high-quality assets are
underpinned by predominantly US$ 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 dual currency trading secondary listing on the
Stock Exchange of Mauritius (SEM: DEL.N0000 (USD) / DEL.C0000
(MUR))
Further information on the Company
is available at www.grit.group
Directors:
Peter Todd (Chairman), Bronwyn Knight (Chief Executive Officer) *, Gareth Schnehage
(Chief Financial Officer) *, David Love+, Catherine McIlraith+, Jonathan Crichton+, Cross
Kgosidiile, Lynette Finlay +
and Nigel Nunoo+.
(* 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 Limited
SEM authorised
representative and sponsor:
Perigeum Capital Ltd
UK Transfer
secretary: Link Assets
Services Limited
Mauritian
Sponsoring Broker: Capital
Markets Brokers Ltd
This notice is issued pursuant to
the FCA Listing Rules, 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.