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GRIT REAL ESTATE INCOME GROUP LIMITED - Result of General Meeting

Release Date: 11/10/2019 13:00
Code(s): GTR     PDF:  
Wrap Text
Result of General Meeting

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” or the “Group”)


                                  RESULT OF GENERAL MEETING


Shareholders are hereby advised that all of the resolutions proposed at the General Meeting of the
Company (the “GM”) held earlier today were duly passed by the requisite majorities of the Company’s
shareholders.

The GM was held at 10:00 (Mauritian time) (08:00 South African time and 07:00 United Kingdom time)
today, Friday, 11 October 2019 at the offices of Intercontinental Fund Services Limited, Level 5,
Alexander House, 35 Cybercity, Ebène.

Details of the results of the voting at the GM are set out below:

                                                Votes
                            Votes for         against
                           resolution      resolution                        Number of      Number of
                                 as a            as a                           shares         shares
                           percentage      percentage                      voted at GM      abstained
                             of total        of total                             as a           as a
 Resolutions                number of       number of          Number of    percentage     percentage
 proposed at the               shares          shares             shares  of shares in   of shares in
 GM                       voted at GM     voted at GM        voted at GM         issue          issue
 
 Ordinary resolution
 number 1: Specific
 authority to issue
 Shares or sell
 treasury Shares for
 cash in terms of the
 JSE Listings
 Requirements and
 the SEM Rules                99.76%            0.24%        229,764,943       74.99%          0.19%
 
 Special resolution
 number 1: Authority
 to disapply pre-
 emption rights in
 terms of the
 Mauritian
 Companies Act and
 the Constitution             99.65%            0.35%        229,764,943       74.99%          0.19%

 Ordinary resolution
 number 2:
 Appointment of a
 director to the
 Board                        99.76%            0.24%        229,765,483       74.99%          0.19%

 Ordinary resolution
 number 3:
 Directors’ authority         99.97%            0.03%        229,764,943       74.99%          0.19%

Note
Total number of shares in issue as at the date of the GM was 306,396,035.

By order of the Board

11 October 2019

FOR FURTHER INFORMATION PLEASE CONTACT:

Grit Real Estate Income Group Limited
Bronwyn Corbett, Chief Executive Officer                                           +230 269 7090
Darren Veenhuis, Head of Investor Relations                                        +44 779 512 3402
Morne Reinders, Investor Relations                                                 +27 82 480 4541

Maitland/AMO – Communications Adviser
James Benjamin                                                                     +44 20 7379 5151
Vikki Kosmalska                                                                    Grit-maitland@maitland.co.uk
Jason Ochere

finnCap Ltd – UK Financial Adviser
William Marle / Scott Mathieson / Matthew Radley (Corporate                        +44 20 7220 5000
Finance)
Mark Whitfeld (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

PSG Capital – JSE Sponsor and Corporate Adviser
David Tosi                                                                         +27 21 887 9602

The Company’s LEI is: 21380084LCGHJRS8CN05

NOTES:
Grit Real Estate Income Group Limited is a leading pan-African real estate company focused on
investing in 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 is targeting a net total shareholder return
inclusive of net asset value growth of 12.0%+ per annum.*

The Company currently holds primary listings on both the Main Market of the London Stock Exchange
(LSE: GR1T) and on the Main Board of the Johannesburg Stock Exchange (JSE: GTR), while its listing
on the Official Market of the Stock Exchange of Mauritius Ltd is termed as a secondary listing (SEM:
DEL.N0000).

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

*    This is a target only and not a profit forecast and there can be no assurance that it will be met. Any forward-looking
     statements and the assumptions underlying such statements are the responsibility of the Board of Directors and have not
     been reviewed or reported on by the Company’s external auditors


Directors:
Peter Todd+ (Chairman), Bronwyn Corbett (Chief Executive Officer)*, Leon van de Moortele (Chief
Financial Officer)*, Ian Macleod+, Nomzamo Radebe, Catherine McIlraith+, David Love+, Sir Samuel
Esson Jonah+, and Bright Laaka (Permanent Alternate Director to Nomzamo Radebe)
(* 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
Corporate advisor and JSE sponsor: PSG Capital Proprietary Limited
Sponsoring Broker: Axys Stockbroking Ltd
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.

Date: 11/10/2019 01:00:00
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