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GRIT REAL ESTATE INCOME GROUP LIMITED - Changes To The Board Of Directors

Release Date: 05/12/2018 14:15
Code(s): GTR     PDF:  
Wrap Text
Changes To The Board Of Directors

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”)
 
 
CHANGES TO THE BOARD OF DIRECTORS


The shareholders of Grit are referred to the announcement released on the Stock Exchange of Mauritius Ltd
(“SEM”), the London Stock Exchange (“LSE”) and the Johannesburg Stock Exchange (“JSE”) on 31 October
2018, whereby it was announced that Mr Paul Huberman (“Mr Huberman”) would not put himself up for re-
election to the Grit Board of Directors (“Board”) at the Annual General Meeting held on 29 November 2018.

In compliance with paragraph 3.59 of the JSE Listings Requirements and section 12.3 of the Company’s
Constitution, shareholders are hereby informed that Mr David Love (“Mr Love” or “David”) has been
appointed as Independent Non–Executive Director with effect from 4 December 2018.

Mr Love is a Chartered Accountant, qualifying with Deloitte, and holds a BCom and LLB (Hons First) with a
distinction in Land Law, Equity and Trusts. He has over 18 years’ experience in the real estate investment
sector. He is the former CFO of ING REIM (UK), CFO/COO of UK CBRE Global Investors and currently holds
the position of CFO and Compliance Officer at Knight Frank Investment Management.

David has considerable knowledge of real estate financial and operational processes, fund and asset
structuring, tax, legal and compliance, and has been instrumental in the completion of a number of high profile
real estate transactions including the listing of Picton Property Income Limited (formerly ING UK REIT) on
the LSE and the formation of a £1.4 billion UK Property Authorised Investment Fund. He has arranged in
excess of £4 billion of debt for clients including a CMBS issuance.

David has been a director and chairman of several general partner companies, including a Luxembourg
company investing in European infrastructure, a Guernsey trust manager and has served as a non-executive
director of Welcome Break.

Peter Todd, Chairman of Grit Real Estate Income Group commented: "His appointment represents an
undeniable asset for Grit and his long and solid experience in the real estate sector in Europe will be key in
our future decisions".

There are no further diclosures required under LSE Listing Rule 9.6.13.

Shareholders are also advised that the appointment of Mrs Catherine McIlraith as replacement of Mr
Huberman as Chairperson of the Audit Committee has been approved by the Nomination Committee and
board of Grit with effect from 4 December 2018.

Catherine McIlraith has been appointed as an Independent Non Executive Director to the board of Grit as
from 24 November 2017. “Mrs McIlraith's professional career made her the ideal candidate to replace Mr
Huberman”, said Peter Todd.
 

Grit currently holds primary listings on both the Main Market of the LSE and on the Main Board of the JSE,
with a secondary listing on the Official Market of the SEM.

5 December 2018


SEM Authorised Representative and Sponsor - Perigeum Capital Ltd


JSE Sponsor and Corporate Adviser - PSG Capital


UK Financial Adviser - finnCap


Grit Real Estate Income Group Limited
Bronwyn Corbett, Chief Executive Officer                                +230 269 7090
Leon van de Moortele, Chief Financial Officer                           +230 269 7090
Darren Veenhuis, Head of Investor Relations                             +44 7795123402

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+, 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.

Date: 05/12/2018 02:15:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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