Restructuring of Director's Interest in Grit

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 TRANSACTED

 

R11 250 000

 

NATURE AND EXTENT OF INTEREST IN THE TRANSACTION

 

Direct, beneficial

 

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 and Sponsor

JSE Sponsor and Corporate Adviser

UK Financial 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
 
 
DSHLLFLLLRIVIIA
UK 100

Latest directors dealings