Grit Real Estate Income Group Investor and analyst site visit to Mauritius (6981T)
March 22 2019 - 3:30AM
UK Regulatory
TIDMGR1T
RNS Number : 6981T
Grit Real Estate Income Group
22 March 2019
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
JSE share code: GTR
ISIN: MU0473N00036
("Grit" or the "Company")
INVESTOR AND ANALYST SITE VISIT TO MAURITIUS
The board of directors of Grit Real Estate Income Group Limited
(the "Board"), 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, hereby
informs its shareholders that several South African, Mauritian and
international investors and analysts will be visiting the Company's
assets in Mauritius today.
During the visit, a presentation will be made available to
delegates regarding the property portfolio, as well as on the
economic dynamics and risk profile of the country and region.
The presentation contains no materially new information on
Grit's current trading or future financial performance and will be
available at http://grit.group/presentations/.
By Order of the Board
22 March 2019
FOR FURTHER INFORMATION, PLEASE CONTACT:
Grit Real Estate Income Group Limited
Bronwyn Corbett, Chief Executive Officer +230 269 7090
Darren Veenhuis, Head of Investor Relations +44 779 512 3402
Morne Reinders, Investor Relations +27 82 480 4541
Maitland/AMO - Communications Adviser
James Benjamin +44 20 7379 5151
Vikki Kosmalska Grit-maitland@maitland.co.uk
Jason Ochere
finnCap Ltd - UK Financial Adviser
William Marle / Scott Mathieson / Matthew Radley
(Corporate Finance) +44 20 7220 5000
Mark Whitfeld (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
PSG Capital - JSE Sponsor and Corporate Adviser
David Tosi +27 21 887 9602
The Company's LEI is: 21380084LCGHJRS8CN05
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 an annual dividend yield in US$ of
8.0%+p.a and a net total shareholder return inclusive of NAV growth
of 12.0%+ p.a.*
The Company currently holds primary listings on both the Main
Market of the London Stock Exchange (LSE: GR1T) and on the Main
Board of the Johannesburg Stock Exchange (JSE: GTR), with a
secondary listing on the Official Market of the Stock Exchange of
Mauritius Ltd (SEM: DEL.N0000).
Further information on the Company is available at
http://grit.group/
*These are targets only and not a profit forecast and there can
be no assurance that they will be met.
Directors:
Peter Todd+ (Chairman), Bronwyn Corbett (Chief Executive
Officer)*, Leon van de Moortele (Chief Financial Officer)*, Ian
Macleod+, Matshepo More, Nomzamo Radebe, Catherine McIlraith+,
David Love+, Sir Samuel Esson Jonah+ and Bright Laaka (Permanent
Alternate Director to Nomzano Radebe).
(* 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 JSE Listings Requirements,
the LSE Listing Rules, SEM Listing Rule 11.3 and Rule 5(1) of the
Securities (Disclosure Obligations of Reporting Issuers) Rules
2007. Board of the Company accepts full responsibility for the
accuracy of the information contained in this communiqué.
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.
END
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