Completion of Acacia Acquisition

RNS Number : 8643Y

Grit Real Estate Income Group

28 August 2018

 

GRIT REAL ESTATE INCOME GROUP LIMITED (Previously Mara Delta Property Holdings 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")

COMPLETION OF THE ACQUISITION OF AN 'A' GRADE CORPORATE RESIDENTIAL ESTATE LEASED TO EMBASSY AND MULTINATIONAL OIL COMPANY

Shareholders are referred to the announcement released by the Company on 13 April 2018 ("Announcement") regarding the acquisition by the Company of an effective interest of 80.1% in Cognis 1 Limitada, incorporated in Mozambique, being the sole owner of an 'A' grade corporate residential complex known as Acacia Estate, located in Zone 5 A/B, Area da Costa do Sol, Maputo in Rua do Rio Inhamiara Road, Mozambique ("Property") and the corresponding rental enterprise conducted on the Property as a going concern ("Acquisition").

As indicated in the Announcement and the prospectus published by the Company on 18 July 2018, the Acquisition was subject to the fulfilment of certain conditions precedent.

Shareholders are hereby advised that all the conditions precedent have been fulfilled and the Acquisition has, accordingly, been completed.

28 August 2018

For further information please contact:

SEM Authorised Representative and Sponsor	JSE Sponsor	UK Financial Adviser
Perigeum Capital Ltd	PSG Capital	finnCap Ltd

Grit Real Estate Income Group Limited
Bronwyn Corbett, Chief Executive Officer	[phone]
Leon van de Moortele, Chief Financial Officer	[phone]
finnCap Ltd - UK Financial Adviser
William Marle / Scott Mathieson / Matthew Radley (Corporate Finance)	[phone]
Mark Whitfeld (Sales)	[phone]
Monica Tepes (Research)	[phone]
Citigate Dewe Rogerson - Financial PR
Jos Bieneman / David Westover / Ellen Wilton	[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]

Directors: Peter Todd⁺ (Chairman), Bronwyn Corbett (Chief Executive Officer)*, Leon van de Moortele (Chief Financial Officer)*, Ian Macleod⁺, Paul Huberman⁺, Matshepo More, Nomzamo Radebe and Catherine McIlraith⁺

(* executive director) (⁺ independent non-executive director)

Company secretary: Intercontinental Fund Services Limited

Registered address: 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

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This notice is issued pursuant to the LSE Listing Rules, the JSE Listings Requirements, SEM Listing Rule 11.3 and Rule 5(1) of the Securities (Disclosure Obligations of Reporting Issuers) Rules 2007. The board of directors of the Company accepts full responsibility for the accuracy of the information contained in this communiqué.

 

END

 

 

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