Results of the Annual General Meeting

RNS Number : 0302K

Grit Real Estate Income Group

29 December 2020

 

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" or the "Group")

RESULTS OF THE ANNUAL GENERAL MEETING

The board of Directors (the "Board") of Grit Real Estate Income Group Limited is pleased to announce that at the annual general meeting of the Company ("AGM") held at 1:00 p.m. Mauritian time (9:00 a.m. UK time) yesterday, Monday, 28 December 2020, at 3rd Floor, La Croisette Shopping Centre, Grand Baie, Mauritius, all resolutions were passed. The detailed results of the voting, are as follows:

Resolutions proposed at the AGM	Votes for resolution as a percentage of total number of shares voted at AGM	Votes against resolution as a percentage of total number of shares voted at AGM	Number of shares voted at AGM	Number of shares voted at AGM as a percentage of shares in issue	Number of shares abstained as a percentage of shares in issue
Ordinary resolution number 1.1: Re-election of Peter Todd as Independent Non-Executive Director	100%	NIL	235,144,584	74.36%	NIL
Ordinary resolution number 1.2: Re-election of Bronwyn Corbett as Executive Director	100%	NIL	235,144,584	74.36 %	NIL
Ordinary resolution number 1.3: Re-election of Leon van de Moortele as Executive Director	100%	NIL	235,144,584	74.36 %	NIL

Ordinary resolution number 1.4: Re-election of Nomzamo Radebe as Non-Executive Director	100%	NIL	235,144,584	74.36 %	NIL
Ordinary resolution number 1.5: Re-election of Catherine McIlraith as Independent Non-Executive Director	93.37%	1.88%	235,144,584	70.83%	3.53 %
Ordinary resolution number 1.6: Re-election of David Love as Independent Non-Executive Director	100%	NIL	235,144,584	74.36 %	NIL
Ordinary resolution number 1.7: Re-election of Sir Samuel Esson Jonah as Independent Non-Executive Director	100%	NIL	235,144,584	74.36 %	NIL
Ordinary resolution number 1.8: Re-election of Bright Laaka as Permanent Alternate Director to Nomzamo Radebe	90.20%	NIL	234,411,778	67.07%	7.06%
Ordinary resolution number 1.9: Appointment of Jonathan Crichton as Independent Non-Executive Director	99.69%	NIL	235,144,584	74.13%	0.23%
Ordinary resolution number 2: Re-appointment of PwC Mauritius as the statutory auditors of the Company and the re-appointment of PwC LLP for LSE purposes	94.47%	5.53%	235,144,584	74.36%	NIL
Ordinary resolution number 3: Directors' authority to issue a maximum of 15,811,777 additional ordinary shares	99.69%	NIL	235,144,584	74.13%	0.23%

Ordinary resolution number 4: Authority of Directors	99.69%	NIL	235,144,584	74.13%	0.23%
Special resolution number 1: General authority to issue shares for cash on a non-pre-emptive basis	99.69%	NIL	235,144,584	74.13%	0.23%
Special resolution number 2: Share buy-back	100%	NIL	235,144,584	74.36%	NIL
Special resolution number 3: Migration to Guernsey	100%	NIL	235,144,584	74.36%	NIL
Special resolution number 4: Adoption of New Articles	98.12%	NIL	235,144,584	72.96%	1.40%
Special resolution number 5: Directors' Authority (relating to the Migration)	100%	NIL	235,144,584	74.36%	NIL

Total number of shares in issue as at the date of the AGM was 316,235,546.

By Order of the Board

29 December 2020

FOR FURTHER INFORMATION, PLEASE CONTACT:

Grit Real Estate Income Group Limited
Bronwyn Corbett, Chief Executive Officer	[phone]
Darren Veenhuis, Chief Strategy Officer and Head of Investor Relations	[phone]
Maitland/AMO - Communications Adviser
James Benjamin	[phone]
Jason Ochere	[e-mail]
finnCap Ltd - UK Financial Adviser & Broker
William Marle/Giles Rolls/Matthew Radley (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]

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

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

 

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