logo-loader
RNS
viewGrit Real Estate Income Group

Grit Real Estate Inc - Completion of Acacia Acquisition

RNS Number : 8643Y
Grit Real Estate Income Group
28 August 2018
 

GRIT REAL ESTATE INCOME GROUP LIMITED

(Previously Mara Delta Property Holdings 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")

 

 

COMPLETION OF THE ACQUISITION OF AN 'A' GRADE CORPORATE RESIDENTIAL ESTATE LEASED TO EMBASSY AND MULTINATIONAL OIL COMPANY

 

 

Shareholders are referred to the announcement released by the Company on 13 April 2018 ("Announcement") regarding the acquisition by the Company of an effective interest of 80.1% in Cognis 1 Limitada, incorporated in Mozambique, being the sole owner of an 'A' grade corporate residential complex known as Acacia Estate, located in Zone 5 A/B, Area da Costa do Sol, Maputo in Rua do Rio Inhamiara Road, Mozambique ("Property") and the corresponding rental enterprise conducted on the Property as a going concern ("Acquisition").

 

As indicated in the Announcement and the prospectus published by the Company on 18 July 2018, the Acquisition was subject to the fulfilment of certain conditions precedent.

 

Shareholders are hereby advised that all the conditions precedent have been fulfilled and the Acquisition has, accordingly, been completed.

 

28 August 2018

 

For further information please contact:

 

SEM Authorised Representative and Sponsor

JSE Sponsor

UK Financial Adviser

Perigeum Capital Ltd

PSG Capital

finnCap Ltd

 

 

Grit Real Estate Income Group Limited


Bronwyn Corbett, Chief Executive Officer

+230 269 7090

Leon van de Moortele, Chief Financial Officer

+230 269 7090



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+, Paul Huberman+, Matshepo More, Nomzamo Radebe and Catherine McIlraith+

(* executive director) (+ independent non-executive director)

Company secretary: Intercontinental Fund Services Limited

Registered address: 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, the JSE Listings Requirements, SEM Listing Rule 11.3 and Rule 5(1) of the Securities (Disclosure Obligations of Reporting Issuers) Rules 2007. The board of directors 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 [email protected] or visit www.rns.com.
 
END
 
 
ACQFKQDKQBKDAFB

Quick facts: Grit Real Estate Income Group

Price: 0.82

Market: LSE
Market Cap: $250.55 m
Follow

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Performance demonstrates 'robustness' of Grit Real Estate Income's business...

Capital Network analyst Ed Stacey talks through Grit Real Estate Income Group Ltd's (LON:GRIT) trading update for the year to June 2019. He says the company's on track to deliver its targeted 12% total shareholder return for the year and an increased dividend.

on 27/6/19