GRIT REAL ESTATE INCOME GROUP LIMITED - Completion Of The Acquisition Of An A Grade Corporate Residential Estate

Release Date: 27/08/2018 08:00
Code(s): GTR
 
Wrap Text
Completion Of The Acquisition Of An ‘A’ Grade Corporate Residential Estate

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.

27 August 2018

For further information please contact:

SEM Authorised Representative and Sponsor: Perigeum Capital
JSE Sponsor: PSG Capital              
UK Financial Adviser
  
Grit Real Estate Income Group Limited
Bronwyn Corbett, Chief Executive Officer                                  +230 269 7090
Leon van de Moortele, Chief Financial Officer                             +230 269 7090

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

Citigate Dewe Rogerson – Financial PR
Jos Bieneman / David Westover / Ellen Wilton                              +44 20 7638 9571
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

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.

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