| 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") |
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DEALING IN SECURITIES BY DIRECTOR/PERSON DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSON CLOSELY ASSOCIATED WITH THEM
In relation to the Proposed Acquisition of interests in GREA and APDM ("the "Transaction"), which was notified in the Prospectus and Circular on 22 November 2021 and further updates announced by the Company on 11 April 2022 and 19 April 2022, the following dealings by Director and Person Discharging Managerial Responsibilities ("PDMRs") have now been completed. All dealings took place at the issue price of USD0.52 per new ordinary share and the shares were admitted to trading on 20 April 2022.
The Notification of Transaction Form provided in accordance with the requirements of the MAR in relation to the transaction listed above is set out below.
| Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No. 596/2014 | ||||||||
| 1 | Details of the person discharging managerial responsibilities/person closely associated | |||||||
| a. | Name of PDMR | Bronwyn Knight
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| b. | Name of PCA | Dorado 1 Ltd
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| 2 | Reason for notification | |||||||
| a. | Position/Status | Bronwyn Knight, CEO of Grit, is a settlor of the Kenzlex Trust, which is a 50% holder of the PCA
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| b. | Initial notification/ Amendment | Initial Notification | ||||||
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||||
| a. | Name | GRIT REAL ESTATE INCOME GROUP LIMITED
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| b. | LEI | 21380084LCGHJRS8CN05
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| 4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||||
| a. | Description of the financial instrument, type of instrument Identification Code | Ordinary shares of No Par Value
GG00BMDHST63 | ||||||
| b. | Nature of the transaction | Issue of Grit shares as consideration for sale of interests in GREA and APDM, as notified in the Prospectus and Circular on 22 November 2021 and further updates announced by the Company on 11 and 19 April 2022.
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| c. | Price(s) and volume(s) |
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| d. | Aggregated information: • Aggregated Volume • Price |
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| e. | Date of the transaction | 20 April 2022 | ||||||
| f. | Place of the transaction | Off market | ||||||
| g | New total beneficial interest
| 2.28% of the outstanding shares of the Issuer | ||||||
By Order of the Board
20 April 2022
FOR FURTHER INFORMATION, PLEASE CONTACT:
| Grit Real Estate Income Group Limited |
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| Bronwyn Knight, Chief Executive Officer | +230 269 7090 |
| Darren Veenhuis, Chief Strategy Officer and Investor Relations | +44 779 512 3402 |
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| Maitland/AMO - Communications Adviser |
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| James Benjamin | +44 7747 113 930 / +44 7379 5151 |
| Alistair de Kare-silver | |
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| finnCap Ltd - UK Financial Adviser |
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| 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 |
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| Perigeum Capital Ltd - SEM Authorised Representative and Sponsor |
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| Shamin A. Sookia | +230 402 0894 |
| Kesaven Moothoosamy | +230 402 0898 |
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 premium segment of the Main Market of the London Stock Exchange (LSE: GR1T) and a secondary listing on the Official Market of the Stock Exchange of Mauritius Ltd (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)*, Jonathan Crichton+, Sir Samuel Esson Jonah+, Nomzamo Radebe, Catherine McIlraith+, David Love+, Cross Kgosidiile and Bright Laaka (Permanent Alternate Director to Nomzamo Radebe).
(* Executive Director) (+ independent Non-Executive Director)
Company secretary: Intercontinental Fund Services Limited
Registered office address: PO Box 186, Royal Chambers, St Julian's Avenue, St Peter Port, Guernsey GY1 4HP
Registrar and transfer agent (Mauritius): Intercontinental Secretarial Services Ltd
Mauritian Sponsoring broker: Capital Markets Brokers Ltd
SEM authorised representative and sponsor: Perigeum Capital Ltd
UK Transfer secretary: Link Assets Services Limited
This notice is issued pursuant to the LSE Listing Rules, Article 19 of MAR 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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