www.ionnews.mu |Sponsored| Grit Real property earnings group, the one listed Africa targeted distribution group to supply worldwide property buyers direct entry to fast excessive development alternatives on the African continent outdoors of South Africa, publicizes that it’s formally registered on the primary market of the London Stock Exchange. Upon itemizing, Grit has develop into the primary of its form Mauritian firm to listing on the primary market of the LSE. Bronwyn Corbett, founding member and Chief Executive of Grit commented: “Our planned listing on the London Stock Exchange will create a compelling opportunity for UK and other equity investors to gain exposure to the African real estate sector, which offers some of the best returns in the global property market. We have a proven track record of generating income from our selective and diversified range of assets, built through our close and detailed understanding of the region’s property investment environment. The listing will support our aim to grow our portfolio further and becomethe leading real estate owner on the African continent outside South Africa.” As a part of the itemizing, Grit will situation as much as 250 million new odd shares at an EPRA internet asset worth of US$1.43 per odd share, to boost a minimal of US$120 million. The situation will probably be by the use of a proposal for subscription within the UK and a personal placement of odd shares within the UK, South Africa and Mauritius.
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