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Dividend Declaration
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” or the “Group”)
DIVIDEND DECLARATION
Grit Real Estate Income Group Limited, 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, advises Shareholders that
dividend number 12 of US$ 5.25000 cents per share for the six months ended 31 December 2019 has
been approved and declared by the Board of the Company. The source of the cash dividend is from
rental income and cum-dividend reserve.
Salient dates and times
For shareholders on the Mauritian Register 2020
Announcement of cash dividend on JSE, SEM and LSE Thursday, 13 February
Announcement of US$ to Rand conversion rate released on SEM website
by no later than 1:00pm Tuesday, 25 February
Last date to trade cum dividend Tuesday, 3 March
Shares trade ex-dividend Wednesday, 4 March
Record date of dividend on the SEM Friday, 6 March
Payment date of dividend Friday, 3 April
Notes
1. All dates and times quoted above are local dates and times in Mauritius. The above dates and times
are subject to change. Any changes will be released on the SEM website.
2. No dematerialisation or rematerialisation of share certificates may take place between Wednesday,
4 March 2020 and Friday, 6 March 2020, both days inclusive.
3. No transfer of shares between sub-registers in Mauritius, South Africa and the UK may take place
between Tuesday, 25 February 2020 and Friday, 6 March 2020, both days inclusive.
4. Shareholders on the Mauritian sub-register who have opted to receive their dividends through bank
transfer, will be paid in US$. Shareholders on the Mauritian sub-register who have opted to receive
their dividends by cheque, will be provided with a MUR bank cheque, based on the US$:MUR
exchange rate prevailing on the payment date, being Friday, 3 April 2020. Should the latter
shareholders wish to receive their dividends through bank transfer, they are required to contact Grit’s
Mauritian Registrar and Transfer Agent, Intercontinental Secretarial Services Limited (email:
Grit@intercontinentaltrust.com | Tel: +230 403 0800) by no later than Friday, 27 March 2020.
For shareholders on the South African Register 2020
Announcement of cash dividend on JSE, SEM and LSE Thursday, 13 February
Announcement of US$ to Rand conversion rate released on SENS by no
later than 11:00am Tuesday, 25 February
Last date to trade cum dividend Tuesday, 3 March
Shares trade ex-dividend Wednesday, 4 March
Record date of dividend on the JSE Friday, 6 March
Payment date of dividend Friday, 3 April
Notes
1. All dates and times quoted above are local dates and times in South Africa. The above dates and
times are subject to change. Any changes will be released on SENS.
2. No dematerialisation or rematerialisation of share certificates may take place between Wednesday,
4 March 2020 and Friday, 6 March 2020, both days inclusive.
3. No transfer of shares between sub-registers in Mauritius, South Africa and the UK may take place
between Tuesday, 25 February 2020 and Friday, 6 March 2020, both days inclusive.
4. Shareholders on the South African sub-register will receive dividends in South African Rand, based
on the exchange rate to be obtained by the Company on or before Tuesday, 25 February 2020. A
further announcement in this regard will be made on Tuesday, 25 February 2020.
For shareholders on the UK Register 2020
Announcement of cash dividend on JSE, SEM and LSE Thursday, 13 February
Announcement of US$ to Rand conversion rate released on the
Regulatory Information Service of the LSE by no later than 10:00am Tuesday, 25 February
Last date to trade cum dividend Wednesday, 4 March
Shares trade ex-dividend Thursday, 5 March
Record date of dividend on the LSE Friday, 6 March
Last date for receipt of currency election forms Friday, 6 March
Payment date of dividend Friday, 3 April
Notes
1. All dates and times quoted above are local dates and times in the UK. The above dates and times
are subject to change. Any changes will be released on a Regulatory Information Service of the LSE.
2. No dematerialisation or rematerialisation of share certificates may take place between Wednesday,
4 March 2020 and Friday, 6 March 2020, both days inclusive.
3. No transfer of shares between sub-registers in Mauritius, South Africa and the UK may take place
between Tuesday, 25 February 2020 and Friday, 6 March 2020, both days inclusive.
4. Shareholders on the UK sub-register will receive dividends in US$. However, shareholders can elect
to have dividends paid in sterling (GBP) and the option to elect a sterling dividend payment for this
dividend will be available to shareholders until Friday, 6 March 2020 (the "Election Date").
5. Further details together with a copy of the Dividend Currency Election Form, which should be sent
to Link Asset Services, The Registry, 34 Beckenham Road, Beckenham, Kent, BR3 4TU when
completed, will be available on the Company's website shortly at http://grit.group/. CREST
shareholders must elect via CREST.
In terms of the JSE Listings Requirements regarding Dividends Tax, the following information is only of
direct application to shareholders on the South African share register, as the dividend is regarded as a
foreign dividend for shareholders on the South African share register:
• the final dividend is subject to South African Dividends Tax;
• the local dividend tax rate is 20%;
• there is no withholding tax payable in Mauritius;
• the number of ordinary shares in issue is 316 235 546; and
• the Mauritian income tax reference number of the Company is 27331528.
By order of the Board
13 February 2020
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 a net total shareholder return
inclusive of net asset value growth of 12.0%+ per annum.*
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
Corporate advisor and 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 the Company accepts full responsibility for
the accuracy of the information contained in this communiqué.
Date: 13-02-2020 09:00:00
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