07:00 Tue 31 Dec 2019
Grit Real Estate Inc - Director/PDMR Shareholding
(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") |
|
DEALING IN SECURITIES BY DIRECTOR/PERSON DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM
The board of directors (the "Board") of
Copapax is a Person Closely Associated ("PCA") with a Person Discharging Managerial Responsibilities ("PDMR") for the purposes of the Market Abuse Regulation ("MAR") and an associate for purposes of the Listings Requirements of the JSE Limited ("JSE Listings Requirements").
Freedom is a PCA with a PDMR for the purposes of the MAR and an associate for purposes of the JSE Listings Requirements.
As a result of the transfer, there is no change to the beneficial ownership of ordinary shares in Grit held by
The Notification of Dealing Form provided in accordance with the requirements of the MAR in relation to the transaction listed above is set out below.
1. |
Details of PDMR / PCA |
|||||||
a) |
|
BA Corbett |
||||||
b) |
|
|
||||||
c) |
Relationship of PDMR to Copapax |
BA Corbett is a shareholder and director of the PCA |
||||||
d) |
Relationship of PDMR to Freedom |
BA Corbett is a shareholder and director of the PCA |
||||||
2. |
Reason for the notification |
|||||||
a) |
Position / status |
Chief Executive Officer of the Company |
||||||
b) |
Initial notification / amendment |
Initial notification |
||||||
3. |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
|||||||
a) |
|
|
||||||
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 |
|||||||
a) |
Description of the Financial instrument, type of instrument
Identification code |
Ordinary shares of No Par Value
MU0473N00036 |
||||||
b) |
Nature of the transaction |
Transfer of shares (off-market) with no change in beneficial ownership |
||||||
c) |
Deemed price (closing price on Monday, |
|
||||||
d) |
Aggregated information: • Aggregated volume • Volume weighted average price |
As above |
||||||
e) |
Date of the transaction |
Within 3 business days of receipt of regulatory approval |
||||||
f) |
Place of the transaction |
|
||||||
g) |
Nature and extent of interest in the transaction |
Indirect, beneficial |
||||||
h) |
Clearance to deal in these securities was obtained in accordance with paragraph 3.66 of the JSE Listings Requirements and Appendix 6 of the Listing Rules of the |
By Order of the Board
31 December 2019
FOR FURTHER INFORMATION, PLEASE CONTACT:
|
|
|
+230 269 7090 |
|
+44 779 512 3402 |
|
+27 82 480 4541 |
|
|
Maitland/AMO - Communications Adviser |
|
|
+44 20 7379 5151 |
Vikki Kosmalska |
|
|
|
|
|
finnCap Ltd - |
|
|
+44 20 7220 5000 |
|
+44 20 3772 4697 |
|
+44 20 3772 4698 |
|
|
|
|
Shamin A. Sookia |
+230 402 0894 |
Kesaven Moothoosamy |
+230 402 0898 |
|
|
|
|
|
+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
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:
(* Executive Director) (+ independent Non-Executive Director)
Company secretary:
Registered office address: Level 5,
Transfer secretary (
Registrar and transfer agent (
JSE sponsor: PSG Capital Proprietary Limited
SEM authorised representative and sponsor:
This notice is issued pursuant to the JSE Listings Requirements, LSE Listing Rules, Article 19 of MAR, SEM Listing Rule 11.3 and the Mauritian Securities Act 2005. The Board accepts full responsibility for the accuracy of the information contained in this communiqué.
This information is provided by RNS, the news service of the
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...
FOR OUR FULL DISCLAIMER CLICK HERE