Restructuring of Director's Interest in Grit

RNS Number : 1335M

Grit Real Estate Income Group

03 January 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")

RESTRUCTURING OF DIRECTOR'S INTEREST IN GRIT

Shareholders are advised that Bronwyn Anne Corbett ("Ms BA Corbett"), the Chief Executive Officer of Grit, is in the process of restructuring her shareholding in Grit. Accordingly, Ms BA Corbett sold 600 000 Grit shares, representing 0.1958% of the total issued shares of Grit, of which she is the direct beneficial holder to her associate, Copapax Proprietary Limited ("Copapax"). Copapax is 100% held by The Corbett Family Trust of which Ms BA Corbett is the ultimate beneficiary.

In compliance with paragraphs 3.63 to 3.74 of the JSE Limited Listings Requirements ("JSE Listings Requirements"), the following information regarding the dealing in securities is disclosed:

NAME OF DIRECTOR	Ms BA Corbett
COMPANY OF WHICH A DIRECTOR	Grit Real Estate Income Group Limited
STATUS: EXECUTIVE/NON-EXECUTIVE	Executive
TYPE AND CLASS OF SECURITIES	Grit Ordinary shares
NATURE OF TRANSACTION	Sale of shares by Ms BA Corbett to her associate, Copapax, a company 100% held by The Corbett Family Trust of which Ms BA Corbett is the ultimate beneficiary (on-market transaction)
DATE OF TRANSACTION	31 December 2018
PRICE PER SECURITY	1 875 cents
NUMBER OF SECURITIES TRANSACTED	600 000
TOTAL RAND VALUE OF SECURITIES TRANSACTED	R11 250 000
NATURE AND EXTENT OF INTEREST IN THE TRANSACTION	Direct, beneficial

Clearance for the above was obtained in terms of paragraph 3.66 of the JSE Listings Requirements and Appendix 6 of the Listing Rules of the Stock Exchange of Mauritius Ltd ("SEM").

The Company currently holds primary listings on both the Main Market of the London Stock Exchange and on the Main Board of the JSE Limited, with a secondary listing on the Official Market of the SEM.

By order of the Board

3 January 2019

SEM Authorised Representative and Sponsor	JSE Sponsor and Corporate Adviser	UK Financial Adviser
Perigeum Capital	PSG Capital	finnCap
Grit Real Estate Income Group Limited
Bronwyn Corbett, Chief Executive Officer			[phone]
Leon van de Moortele, Chief Financial Officer			[phone]
Darren Veenhuis, Head of Investor Relations			[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⁺, Matshepo More, Nomzamo Radebe, Catherine McIlraith⁺ and David Love⁺

(* 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

JSE sponsor: PSG Capital Proprietary Limited 

Sponsoring broker: Axys Stockbroking Limited

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.

 

END

 

 

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