Dividend Declaration

RNS Number : 4177E
Grit Real Estate Income Group
28 October 2022
 

GRIT REAL ESTATE INCOME GROUP LIMITED

(Registered in Guernsey)

(Registration number: 68739)

LSE share code: GR1T

SEM share code: DEL.N0000

ISIN: GG00BMDHST63

LEI: 21380084LCGHJRS8CN05

("Grit" or the "Company" and, together with its subsidiaries, the "Group" )

 

 

 

DIVIDEND DECLARATION

 

 

Grit Real Estate Income Group Limited, a leading and award-winning 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 , advises its Shareholders that a gross dividend of US$ 2.00 cents per share for the six months ended 30 June 2022 has been approved and declared by the Board of directors (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

2022

Announcement of cash dividend on SEM and LSE

Friday, 28 October

Last date to trade cum dividend

Tuesday. 15 November

Shares trade ex-dividend

Wednesday, 16 November

Record date of dividend on the SEM

Friday, 18 November

Payment date of dividend

Friday, 16 December

 

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, 16 November 2022 and Friday, 18 November 2022, both days inclusive.

3.  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, 16 December 2022.  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, 9 December 2022.

4.  There is no withholding tax payable in Mauritius.

 

For shareholders on the UK Register

2022

Announcement of cash dividend on SEM and LSE

Friday, 28 October

Last date to trade cum dividend

Tuesday. 15 November

Shares trade ex-dividend

Thursday, 17 November

Record date of dividend on the LSE

Friday, 18 November

Last date for receipt of currency election forms

Friday, 18 November

Payment date of dividend

Friday, 16 December

 

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, 16 November 2022 and Friday, 18 November 2022, both days inclusive.

3.  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, 18 November 2022 (the "Election Date").

4.  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/.

 

By Order of the Board

 

28 October 2022

 

FOR FURTHER INFORMATION, PLEASE CONTACT:

Grit Real Estate Income Group Limited


Bronwyn Knight, Chief Executive Officer

+230 269 7090

Darren Veenhuis, Investor Relations

+44 779 512 3402



H/Advisors Maitland - Communications Advisor


James Benjamin

+44 7747 113 930 / +44 20 7379 5151

Alistair de Kare-Silver

Grit-maitland@h-advisors.global



finnCap Ltd - UK Financial Adviser


William Marle/Teddy Whiley (Corporate Finance)

+44 20 7220 5000

Mark Whitfeld/Pauline Tribe (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



Capital Markets Brokers Ltd - Mauritian Sponsoring Broker


Elodie Lan Hun Kuen

+230 402 0280

 

NOTES:

Grit Real Estate Income Group Limited is the leading pan-African woman led 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 secondary listing on the Stock Exchange of Mauritius (SEM: DEL.N0000).

 

Further information on the Company is available at http://grit.group/

 

Directors: Peter Todd+ (Chairman), Bronwyn Knight (Chief Executive Officer)*, Leon van de Moortele (Chief Financial Officer)*, David Love+, Sir Samuel Esson Jonah+, Nomzamo Radebe, Catherine McIlraith+, Jonathan Crichton+, Cross Kgosidiile and Bright Laaka (Permanent Alternate Director to Nomzamo Radebe).

(* 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 Asset 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 and 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.

 

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