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GRIT REAL ESTATE INCOME GROUP LIMITED - Restructuring Of Directors Interest In Grit

Release Date: 03/01/2019 13:17
Code(s): GTR     PDF:  
Wrap Text
Restructuring Of Director’s Interest In Grit

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                   R11 250 000
 TRANSACTED

 NATURE AND EXTENT OF INTEREST IN                 Direct, beneficial
 THE TRANSACTION

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 - Perigeum Capital Ltd

JSE Sponsor and Corporate Adviser - PSG Capital

UK Financial Adviser - finnCap Ltd


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: 03/01/2019 01:17:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.

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