14:31 Tue 30 Jun 2020
Grit Real Estate Inc - Director/PDMR and PCA
(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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DEALINGS IN SECURITIES BY DIRECTOR/PDMR AND PERSONS CLOSELY ASSOCIATED WITH THEM
The board of directors (the "Board") of
The value of the LTI share awards will be calculated as the amount by which the price of the Company's ordinary shares has increased above the grant price of
In addition, the Company has been notified that on 30
Following the Subscription, the PDMRs outlined below have seen their beneficial interests, directly and indirectly, in the share capital of the Company increase to:
PDMR |
Number of Shares |
% of issued share capital |
|
6,715,432 |
2.124% |
|
8,437 |
0.003% |
|
2,133,734 |
0.675% |
*Includes unvested LTI share awards
The details of the LTI share award are as follows:
1. |
Details of PDMR / PCA |
|||||
a) |
|
|
||||
b) |
|
N/A |
||||
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 |
LTI share awards
MU0473N00036 |
||||
b) |
Nature of the transaction |
Grant of LTI share awards
|
||||
c) |
Deemed price and volume |
|
||||
d) |
Aggregated information: • Aggregated volume • Volume weighted average price |
As above |
||||
e) |
Date of the transaction |
|
||||
f) |
Place of the transaction |
Outside a trading venue (off-market) |
||||
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 |
1. |
Details of PDMR / PCA |
|||||
a) |
|
|
||||
b) |
|
N/A |
||||
2. |
Reason for the notification |
|||||
a) |
Position / status |
Chief Financial 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 |
LTI share awards
MU0473N00036 |
||||
b) |
Nature of the transaction |
Grant of LTI share awards
|
||||
c) |
Deemed price and volume |
|
||||
d) |
Aggregated information: • Aggregated volume • Volume weighted average price |
As above |
||||
e) |
Date of the transaction |
29 June 2020 |
||||
f) |
Place of the transaction |
Outside a trading venue (off-market) |
||||
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 |
1. |
Details of PDMR / PCA |
|||||
a) |
|
|
||||
b) |
|
N/A |
||||
2. |
Reason for the notification |
|||||
a) |
Position / status |
Chief Operating 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 |
LTI share awards
MU0473N00036 |
||||
b) |
Nature of the transaction |
Grant of LTI share awards
|
||||
c) |
Deemed price and volume |
|
||||
d) |
Aggregated information: • Aggregated volume • Volume weighted average price |
As above |
||||
e) |
Date of the transaction |
|
||||
f) |
Place of the transaction |
Outside a trading venue (off-market) |
||||
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 SEM. |
1. |
Details of PDMR / PCA |
|||||
a) |
|
|
||||
b) |
|
N/A |
||||
2. |
Reason for the notification |
|||||
a) |
Position / status |
Group Treasury Manager 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 |
LTI share awards
MU0473N00036 |
||||
b) |
Nature of the transaction |
Grant of LTI share awards
|
||||
c) |
Deemed price and volume |
|
||||
d) |
Aggregated information: • Aggregated volume • Volume weighted average price |
As above |
||||
e) |
Date of the transaction |
29June 2020 |
||||
f) |
Place of the transaction |
Outside a trading venue (off-market) |
||||
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 SEM. |
The details of the Subscription are as follows:
1. |
Details of PDMR / PCA |
|||||
a) |
|
|
||||
b) |
|
|
||||
c) |
Relationship of PDMR to 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 |
Acquisition of beneficial ownership |
||||
c) |
Deemed Price(s) and volume(s) |
|
||||
d) |
Aggregated information: • Aggregated volume • Volume weighted average price |
As above |
||||
e) |
Date of the transaction |
|
||||
f) |
Place of the transaction |
Outside a trading venue (off-market) |
||||
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 SEM. |
1. |
Details of PDMR / PCA |
|||||
a) |
|
|
||||
b) |
|
|
||||
c) |
Relationship of PDMR to PCA |
|
||||
2. |
Reason for the notification |
|||||
a) |
Position / status |
Chairman 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 |
Acquisition of beneficial ownership |
||||
c) |
Deemed Price(s) and volume(s) |
|
||||
d) |
Aggregated information: • Aggregated volume • Volume weighted average price |
As above |
||||
e) |
Date of the transaction |
|
||||
f) |
Place of the transaction |
Outside a trading venue (off-market) |
||||
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 SEM. |
1. |
Details of PDMR / PCA |
|||||
a) |
|
|
||||
b) |
|
|
||||
c) |
Relationship of PDMR to PCA |
|
||||
2. |
Reason for the notification |
|||||
a) |
Position / status |
Chief Financial 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 |
Acquisition of beneficial ownership |
||||
c) |
Deemed Price(s) and volume(s) |
|
||||
d) |
Aggregated information: • Aggregated volume • Volume weighted average price |
As above |
||||
e) |
Date of the transaction |
|
||||
f) |
Place of the transaction |
Outside a trading venue (off-market) |
||||
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 SEM. |
By Order of the Board
FOR FURTHER INFORMATION, PLEASE CONTACT:
|
|
|
+230 269 7090 |
|
+44 779 512 3402 |
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+27 82 480 4541 |
|
|
Maitland/AMO - Communications Adviser |
|
|
+44 20 7379 5151 |
|
|
finnCap Ltd - |
|
|
+44 20 7220 5000 |
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+44 20 3772 4697 |
|
+44 20 3772 4698 |
|
|
Perigeum Capital Ltd - SEM Authorised Representative and Sponsor |
|
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 net asset value growth of 12.0% per annum*.
The Company currently holds primary listings on both the Main Market of the
Further information on the Company is available at http://grit.group/
* These are targets only and are not a profit forecast, 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
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