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Results Of The Annual General Meeting
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” or the “Group”)
RESULTS OF THE ANNUAL GENERAL MEETING
The board of Directors (the "Board") of Grit Real Estate Income Group Limited are pleased to announce that at the
annual general meeting of the Company (“AGM”) held at 1:00 p.m. Mauritian time (11:00 a.m. South African time and
9:00 a.m. UK time) today, Friday, 29 November 2019, at 3rd Floor, La Croisette Shopping Centre, Grand Baie, Mauritius,
all resolution were passed. The detailed results of the voting, are as follows:
Votes for Votes against
resolution as resolution as Number of Number of
a percentage a percentage shares voted shares
of total of total at AGM as a abstained as
number of number of Number of percentage of a percentage
Resolutions proposed shares voted shares voted shares voted shares in of shares in
at the AGM at AGM at AGM at AGM issue issue
Ordinary resolution 100% Nil 239,278,000 78.09% 0.17%
number 1:
Receiving and
considering the auditors’
reports and the Integrated
Annual Report and the
adoption of the audited
financial statements
Ordinary resolution 95.33% 4.67% 239,278,000 78.09% 0.17%
number 2.1.1:
Re-election of Peter Todd
as Independent Non-
Executive Director
Ordinary resolution 100% Nil 239,278,000 78.09% 0.17%
number 2.1.2: Re-election of
Bronwyn Corbett as Executive
Director
Ordinary resolution 100% Nil 239,278,000 78.09% 0.17%
number 2.1.3:
Re-election of Leon van
de Moortele as Executive
Director
Ordinary resolution 95.13% 4.87% 239,278,000 78.09% 0.17%
number 2.1.4:
Re-election of Nomzamo
Radebe as Non-Executive
Director
Ordinary resolution 95.89% 4.11% 239,278,000 78.09% 0.17%
number 2.1.5:
Re-election of Catherine
McIlraith as Independent
Non-Executive Director
Ordinary resolution 100% Nil 239,278,000 78.09% 0.17%
number 2.1.6:
Re-election of Ian
Macleod as Independent
Non-Executive Director
Ordinary resolution 100% Nil 239,278,000 78.09% 0.17%
number 2.1.7:
Re-election of Sir Samuel
Esson Jonah as
Independent Non-
Executive Director
Ordinary resolution 95.10% 4.90% 228,340,079 74.52% 3.74%
number 2.1.8:
Re-election of Bright
Laaka as Permanent
Alternate Director to
Nomzamo Radebe
Ordinary resolution 100% Nil 239,278,000 78.09% 0.17%
number 2.2:
Appointment of David
Love as Independent
Non-Executive Director
Ordinary resolution 100% Nil 239,278,000 78.09% 0.17%
number 3:
Re-appointment of PwC
Mauritius as the statutory
auditors of the Company
and the re-appointment of
PwC UK for JSE and LSE
purposes
Ordinary resolution 95.31% 4.69% 238,465,194 77.83% 0.44%
number 4:
Approval of Non-
Executive Directors’
remuneration
Ordinary resolution 93.60% 6.40% 238,545,194 77.86% 0.41%
number 5:
Directors’ authority to
issue a maximum of
15,013,406 additional
ordinary shares
Ordinary resolution 100% Nil 238,545,194 77.86% 0.41%
number 6:
Authority of Directors
Ordinary resolution 57.83% 42.17% 238,465,194 77.83% 0.44%
number 7:
Non-binding advisory vote
on Grit’s remuneration
policy
Ordinary resolution 54.69% 45.31% 238,465,194 77.83% 0.44%
number 8:
Non-binding advisory vote
on Grit’s implementation
report on the
remuneration policy
Special resolution number 93.31% 6.69% 239,278,000 78.09% 0.17%
1:
General authority to issue
shares for cash on a non-
pre-emptive basis
Special resolution number 100% Nil 239,278,000 78.09% 0.17%
2:
Antecedent Distributions
(Reduction in Stated
Capital)
Special resolution number 100% Nil 239,278,000 78.09% 0.17%
3: Share buy-back
Note:
Total number of shares in issue as at the date of the AGM was 306,396,035.
Shareholders are further advised that, as ordinary resolution number 7, relating to the non-binding advisory vote on the
remuneration policy of the Company and ordinary resolution number 8 relating to the non-binding advisory vote on the
implementation of the remuneration policy, were voted against b y 25% or more of the votes exercised by the Company’s
shareholders present in person or represented by proxy at the AGM, the executives of GRIT will make themselves
available to consult with such dissenting shareholders on Thursday, 5 December 2019 at 1pm Mauritius time (11:00am
South African time and 09:00am UK time) as follows:
1. via a telephone conference; or
2. in person at the offices of the Compant, 3rd Floor, La Croisette Shopping Centre, Grand Baie, Mauritius.
All dissenting shareholders to confirm their participation to the company secretary by e-mail at
Grit@intercontinentaltrust.com by no later than close of business on 3 December 2019, who will provide dial-in details
for the telephone conference. Dissenting shareholders are further invited to forward their concerns/questions on the
remuneration policy to the company secretary in writing by close of business on 3 December 2019.
By Order of the Board
29 November 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 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), while its listing on the Official Market of the Stock
Exchange of Mauritius Ltd is termed as a secondary listing (SEM: DEL.N0000).
Further information on the Company is available at http://grit.group/
* This is a target only and not a profit forecast and there can be no assurance that it will be met. Any forward-looking statements and the assumptions
underlying such statements are the responsibility of the Board of directors and have not been reviewed or reported on by the Company’s external
auditors.
Directors:
Peter Todd+ (Chairman), Bronwyn Corbett (Chief Executive Officer)*, Leon van de Moortele (Chief Financial Officer)*,
Ian Macleod+, Nomzamo Radebe, Catherine McIlraith+, David Love+, Sir Samuel Esson Jonah+ and Bright Laaka
(Permanent Alternate Director to Nomzamo 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
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 directors of the Company accepts full responsibility for the accuracy of the
information contained in this communiqué.
Date: 29-11-2019 02:30:00
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