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Grit Real Estate Inc - Final Dividend Currency Exchange Rate

RNS Number : 4180D
Grit Real Estate Income Group
09 October 2018
 

GRIT REAL ESTATE INCOME GROUP LIMITED

(Registered by continuation in the Republic of Mauritius)

(Registration number: C128881 C1/GBL)

LSE share code: GR1T

SEM share code: DEL.N0000

JSE share code: GTR

ISIN: MU0473N00036

("Grit" or the "Company")


 

 

ANNOUNCEMENT IN RESPECT OF THE FINAL DIVIDEND CURRENCY EXCHANGE RATE (SOUTH AFRICAN RAND)

 

Grit Real Estate Income Group shareholders are referred to the announcement released on the Stock Exchange of Mauritius Ltd ("SEM"), the London Stock Exchange ("LSE") and the Johannesburg Stock Exchange Limited ("JSE") on Wednesday 26 September 2018, relating to the payment of a cash dividend for the six months ended 30 June 2018 ("final dividend").

 

Shareholders on the South African share register will receive the final dividend in South African Rand ("ZAR"), converted from United States Dollars ("USD") at an exchange rate of USD1.00: ZAR14.90400. Accordingly, the final dividend of US$ 6.12 cents per share will be equal to ZAR 91.21248 cents per share.

 

In accordance with the JSE Listings Requirements regarding Dividends Tax, the following information is only of direct application to shareholders on the South African share register, as the dividend is regarded as a foreign dividend for shareholders on the South African register:

 

-

the gross local final dividend amount is ZAR91.21248 cents per share for shareholders exempt from paying South African Dividends Tax; and

-

the net local final dividend amount is ZAR72.96998 cents per share for shareholders liable to pay South African Dividends Tax.

 

 

A dividend withholding tax will be applicable to shareholders who are not exempt.

 

For the avoidance of doubt, dividend tax, and therefore the information provided in this announcement, is only of direct application to shareholders on the South African register.

 

 

By Order of the Board

 

9 October 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, 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 [email protected] or visit www.rns.com.
 
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Quick facts: Grit Real Estate Income Group

Price: 0.82

Market: LSE
Market Cap: $250.55 m
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