REG-Grit Real Estate Income Group PDMR trades

Grit Real Estate IncomeAnnouncement

24/11/2023 07:00

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   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
      Details of the transaction(s): section to be repeated for (i) each type
   4  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 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 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  1 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.

    

    

    

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   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

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