Grit Real Estate Income Group Restructuring of Director's Interest in Grit (1335M)
January 03 2019 - 6:20AM
UK Regulatory
TIDMGR1T
RNS Number : 1335M
Grit Real Estate Income Group
03 January 2019
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 Direct, beneficial
IN 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 JSE Sponsor and Corporate UK Financial Adviser
and Sponsor Adviser
Perigeum Capital PSG Capital finnCap
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.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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