DJ PDMR trades
Grit Real Estate Income Group (GR1T)
PDMR trades
24-Nov-2023 / 07:00 GMT/BST
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GRIT REAL ESTATE INCOME GROUP LIMITED
(Registered in Guernsey)
(Registration number: 68739)
LSE share code: GR1T
SEM share code (dual currency trading): DEL.N0000 (USD) / DEL.C0000(MUR)
ISIN: GG00BMDHST63
LEI: 21380084LCGHJRS8CN05
("Grit" or the "Company" and, together with its subsidiaries, the "Group")
DEALING IN SECURITIES BY PERSON CLOSELY ASSOCIATED WITH DIRECTOR/PERSON DISCHARGING MANAGERIAL RESPONSIBILITIES
The board of Directors (the "Board") of Grit Real Estate Income Group Limited has been notified that Mr. Leon van de Moortele, the Chief Financial Officer and an Executive Director of Grit, acquired 46,000 ordinary shares of no-par value in the Company ("Ordinary Shares") at a price of GBP0.17 per ordinary share, through Cuckoos Nest Trust.
Mr. van de Moortele is a Person Discharging Managerial Responsibilities ("PDMR") for the purposes of the Market Abuse Regulation ("MAR") and Cuckoos Nest Trust is regarded as a Person Closely Associated ("PCA") with a PDMR..
Following the purchase, Mr. van de Moortele holds 2,136,452 Ordinary Shares representing 0.43% of the Company's issued share capital.
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.
1 Details of the person discharging managerial responsibilities/person closely associated
a. Name of PDMR Mr. Leon van de Moortele
b. Name of PCA Cuckoos Nest Trust
c. Relationship of PDMR to PCA Settlor
2 Reason for notification
a. Position/Status Executive Director
Initial notification/
b. Initial Notification
Amendment
3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction
monitor
a. Name GRIT REAL ESTATE INCOME GROUP LIMITED
b. LEI 21380084LCGHJRS8CN05
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
Ordinary Shares of No Par Value
Description of the financial instrument, type of instrument
a.
Identification Code
GG00BMDHST63
b. Nature of the transaction Purchase of Ordinary Shares
Price(s) Volume(s) Total
c. Price(s) and volume(s) GBP0.17 46,000 GBP7,820
Aggregated information:
d. . Aggregated Volume 46,000
GBP0.17
. Price
e. Date of the transaction 23 November 2023
f. Place of the transaction London Stock Exchange
By Order of the Board
24 November 2023
FOR FURTHER INFORMATION, PLEASE CONTACT:
Grit Real Estate Income Group Limited Bronwyn Knight, Chief Executive Officer +230 269 7090 Darren Veenhuis, Investor Relations +44 779 512 3402 Cavendish Capital Markets Limited - UK Financial Adviser 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 Perigeum Capital Ltd - SEM Authorised Representative and Sponsor Shamin A. Sookia +230 402 0894 Kesaven Moothoosamy +230 402 0898 Capital Markets Brokers Ltd - Mauritian Sponsoring Broker Elodie Lan Hun Kuen +230 402 0280
NOTES:
Grit Real Estate Income Group Limited is the leading pan-African woman led 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 USUSD 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 Main Market of the London Stock Exchange (LSE: GR1T and a dual currency trading secondary listing on the Stock Exchange of Mauritius (SEM: DEL.N0000 (USD) / DEL.C0000 (MUR)).
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)*, David Love+, Sir Samuel Esson Jonah+, Catherine McIlraith+, Jonathan Crichton+, Cross Kgosidiile and Lynette Finlay+.
(* Executive Director) (+ independent Non-Executive Director)
Company secretary: Intercontinental Fund Services Limited
Registered address: PO Box 186, Royal Chambers, St Julian's Avenue, St Peter Port, Guernsey GY1 4HP
Registrar and transfer agent (Mauritius): Intercontinental Secretarial Services Limited
UK Transfer secretary: Link Market Services Limited
SEM authorised representative and sponsor: Perigeum Capital Ltd
Mauritian sponsoring broker: Capital Markets Brokers Ltd
This notice is issued pursuant to the FCA Listing Rules, SEM Listing Rules 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.
----------------------------------------------------------------------------------------------------------------------- Dissemination of a Regulatory Announcement, transmitted by EQS Group. The issuer is solely responsible for the content of this announcement.
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ISIN: GG00BMDHST63 Category Code: DSH TIDM: GR1T LEI Code: 21380084LCGHJRS8CN05 Sequence No.: 287009 EQS News ID: 1780925 End of Announcement EQS News Service =------------------------------------------------------------------------------------
Image link: https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=show_t_gif&application_id=1780925&application_name=news
(END) Dow Jones Newswires
November 24, 2023 02:00 ET (07:00 GMT)
