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

Release Date: 08/03/2019 09:00
Code(s): GTR     PDF:  
 
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Dealings In Securities By Director/PDMR And Persons Closely Associated (“PCA”) 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 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, has been notified that on 28 February 2019, Bowwood and Main No.117 Proprietary
Limited, an investment vehicle jointly controlled by Bronwyn Corbett, Grit’s CEO, sold 978 ordinary
shares held by it in the Company at a price of R19.35 per share.

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

1.    Details of PDMR / PCA
a)    Name of PDMR                                          BA Corbett
b)    Name of PCA                                           Bowwood and Main No.117 Proprietary
                                                            Limited
c)    Relationship of PDMR to PCA                           BA Corbett is a trustee and beneficiary of
                                                            The Corbett Family Trust, the 50%
                                                            shareholder of the PCA and a director of
                                                            the PCA
2.    Reason for the notification
a)    Position / status                                     Chief Executive Officer 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                             Sale of ordinary shares (On-market)
c)    Price(s) and volume(s)
                                                            Price(s)        Volume(s)   Total(s)
                                                            R19.35          978         R18,924.30
d)    Aggregated information:
      •       Aggregated volume                             As above
      •       Volume weighted average price
e)    Date of the transaction                               28 February 2019
f)    Place of the transaction                              Johannesburg Stock Exchange, Main
                                                            Market (JSE)
g)    Nature and extent of interest in the transaction      Indirect, beneficial
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

8 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 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+, 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, LSE Listing Rules, Article 19 of MAR,
SEM Listing Rule 11.3 and the Mauritian Securities Act 2005. The Board accepts full responsibility for
the accuracy of the information contained in this communiqué.

Date: 08/03/2019 09:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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