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GRIT REAL ESTATE INCOME GROUP LIMITED - Dealings In Securities By Director/PDMR And Persons Closely Associated With Them

Release Date: 07/03/2019 12:10
Code(s): GTR     PDF:  
 
Wrap Text
Dealings In Securities By Director/PDMR And Persons Closely Associated With Them

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”)

  DEALINGS IN SECURITIES BY DIRECTOR/PDMR AND PERSONS CLOSELY ASSOCIATED
                               (“PCA”) WITH THEM

The Board 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, has been notified that on 6 March 2019, The Pearson Trust acquired
27,875 ordinary shares in the Company at a price of USD1,43 per share. The Pearson Trust
is a Person Closely Associated (“PCA”) with a Person Discharging Managerial
Responsibilities (“PDMR”) for the purposes of the Market Abuse Regulation (“MAR”).

The Notification of Dealing Form provided in accordance with the requirements of the MAR in
relation to the transaction listed above is set out below.

 1.   Details of PDMR / PCA

 a)   Name of PDMR                                       Greg Pearson

 b)   Name of PCA                                        The Pearson Trust
 c)   Relationship of PDMR to PCA                        Settlor
 2.   Reason for the notification

 a)   Position / status                                  Executive Director of Grit Services
                                                         Limited (a major subsidiary of the
                                                         Company)

 b)   Initial notification / amendment                   Initial notification

 3.   Details of the issuer, emission allowance market participant, auction platform,
      auctioneer or auction monitor

 a)   Name                                               Grit Real Estate Income Group
                                                         Limited

 b)   LEI                                                21380084LCGHJRS8CN05

 4.   Details of the transaction(s): section to be repeated for (i) each type of
      instrument; (ii) each type of transaction; (iii) each date; and (iv) each place
      where transactions have been conducted

 a)   Description of the Financial instrument, type of Ordinary shares of No Par Value
      instrument
      Identification code                                MU0473N00036

 b)   Nature of the transaction                          Purchase of ordinary shares (On-
                                                         market)

 c)   Price(s) and volume(s)
                                                          Price(s) Volume(s) Total(s)

                                                          1 USD      27,875      USD
                                                          and 43                 39,850.00
                                                          cents
 d)   Aggregated information:                             See above
      •     Aggregated volume
      •     Price

 e)   Date of the transaction                            6 March 2019

 f)   Place of the transaction                           London Stock Exchange (LSE)

 g)   Nature and extent of                               Indirect, beneficial
      interest in the transaction

 h)   Clearance to deal in these securities was obtained in accordance with paragraph 3.66
      of the Listings Requirements of the JSE Limited and Appendix 6 of the Listing Rules of
      the Stock Exchange of Mauritius Ltd.

By Order of the Board

7 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             +44 20 7220 5000
Finance)
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 USD of 8%+ 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 (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+, Sir Samuel Esson Jonah+, Matshepo More,
Nomzamo Radebe, Catherine McIlraith+, David Love+ 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, LSE Listing Rules, Article 19
of MAR, 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 communiqué.

Date: 07/03/2019 12:10:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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