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GRIT REAL ESTATE
INCOME GROUP LIMITED
(Registered in
Guernsey)
(Registration number:
68739)
LSE share code: GR1T
SEM share code (dual currency
trading): DEL.N0000 (USD) / DEL.C0000 (MUR)
ISIN: GG00BMDHST63
LEI:
21380084LCGHJRS8CN05
(“Grit” or the “Company” and, together with its
subsidiaries, the "Group")
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BOARD AND
EXECUTIVE CHANGES
The board of Directors (the
“Board”) of Grit Real Estate Income Group Limited, a
leading pan-African impact real estate company focused on investing
in, developing and actively managing a diversified portfolio of
assets underpinned by predominantly US$ and Euro denominated
long-term leases with high quality multi-national tenants,
announces changes to the Board.
Leon van de Moortele, the Group CFO
and member of the Board, who has been on medical leave since 19
December 2023, resigned from the Board with effect from 27 February
2024. The Board would like to express their gratitude to Leon for
the integral role he has played in the Company since its inception
and his immense dedication to navigating the complex Pan-Africa
business landscape.
The Board is pleased to announce
the appointment of Gareth Schnehage as replacement Chief Financial
Officer and welcomes him to the Board of directors. Gareth is a
Chartered Accountant with over fifteen years of leading roles at
multinational corporations, including extensive experience
operating in African jurisdictions and executing asset backed debt
financing solutions.
Aside from the information set out
in the announcement above, no further information is required to be
disclosed pursuant to FCA Listing Rule 9.6.13R.
By Order of the Board
28 February 2024
FOR FURTHER
INFORMATION, PLEASE CONTACT:
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Grit Real Estate
Income Group Limited
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Bronwyn Knight, Chief Executive
Officer
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+230 269 7090
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Darren Veenhuis, Investor
Relations
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+44 779 512 3402
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Cavendish Capital
Markets Limited – UK Financial Adviser
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James King/Teddy Whiley (Corporate
Finance)
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+44 20 7220 5000
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Justin Zawoda-Martin / Daniel
Balabanoff / Pauline Tribe (Sales)
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+44 20 3772 4697
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Perigeum Capital
Ltd – SEM Authorised Representative and Sponsor
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Shamin A. Sookia
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+230 402 0894
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Darren Chinasamy
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+230 402 0890
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Capital Markets
Brokers Ltd – Mauritian Sponsoring Broker
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Elodie Lan Hun Kuen
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+230 402 0280
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NOTES:
Grit Real Estate Income Group
Limited is the leading pan-African real estate company focused on
investing in, developing 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 holds its primary
listing on the Main Market of the London Stock Exchange (LSE: GR1T
and a dual currency trading secondary listing on the Stock Exchange
of Mauritius (SEM: DEL.N0000 (USD) / DEL.C0000 (MUR)).
Further information
on the Company is available at http://grit.group.
Directors:
Peter Todd (Chairman), Bronwyn
Knight (Chief Executive Officer)*, Gareth Schnehage (Chief
Financial Officer)*, David Love+, Catherine McIlraith+, Jonathan
Crichton+, Cross Kgosidiile, Nigel Nunoo+ and Lynette
Finlay+.
(* Executive Director)
(+
independent Non-Executive
Director)
Company
secretary: Intercontinental
Fund Services Limited
Registered
address: PO Box 186, Royal
Chambers, St Julian's Avenue, St Peter Port, Guernsey GY1
4HP
Registrar and
transfer agent (Mauritius):
Intercontinental Secretarial Services Limited
UK
Transfer secretary: Link Market Services
Limited
SEM authorised
representative and sponsor:
Perigeum Capital Ltd
Mauritian
sponsoring broker: Capital
Markets Brokers Ltd
This notice is issued pursuant to
the FCA Listing Rules, SEM Listing Rule 15.24 and the Mauritian
Securities Act 2005. The Board of the Company accepts full
responsibility for the accuracy of the information contained in
this communiqué.