00:41 Wed 09 Oct 2019
Grit Real Estate Inc - Currency exchange rate for final dividend
(Registered by continuation in the (Registration number: C128881 C1/GBL) LSE share code: GR1T SEM share code: DEL.N0000 JSE share code: GTR ISIN: MU0473N00036 ("Grit" or the "Company") |
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CURRENCY EXCHANGE RATE (SOUTH AFRICAN RAND) FOR FINAL DIVIDEND
managing a diversified portfolio of assets underpinned by predominantly US$ and Euro denominated long-term leases
with high quality multi-national tenants, refers Grit shareholders to the announcement released on the
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
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
· the net local Final Dividend amount is
A dividend withholding tax will be applicable to shareholders who are not exempt.
For the avoidance of doubt, the 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
FOR FURTHER INFORMATION, PLEASE CONTACT:
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+230 269 7090 |
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+44 779 512 3402 |
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+27 82 480 4541 |
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Maitland/AMO - Communications Adviser |
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+44 20 7379 5151 |
Vikki Kosmalska |
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finnCap Ltd - |
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+44 20 7220 5000 |
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+44 20 3772 4697 |
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+44 20 3772 4698 |
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Shamin A. Sookia |
+230 402 0894 |
Kesaven Moothoosamy |
+230 402 0898 |
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+27 21 887 9602 |
The Company's LEI is: 21380084LCGHJRS8CN05
NOTES:
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 NAV growth of 12.0% p.a.*
The Company currently holds primary listings on both the Main Market of the
Exchange of
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),
(* Executive Director) (+ independent Non-Executive Director)
Company secretary:
Registered address: c/o
Transfer secretary (
Registrar and transfer agent (
JSE sponsor: PSG Capital Proprietary Limited
Sponsoring broker:
SEM authorised representative and sponsor:
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 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
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