5th Feb 2021 20:19
Grit Real Estate Income Group Ltd - pan-African real estate investment and management - Migrates corporate domicile to Guernsey from Mauritius, satisfying a key eligibility requirement for inclusion in FTSE indices, which relates to a company's nationality. Migration of corporate seat occurs primarily to facilitate its inclusion in FTSE indices "in due course" as this is expected "to deliver to the business and growth strategy of the company and to Grit's shareholders and wider stakeholders. Maintains its secondary listing on the Stock Exchange of Mauritius Ltd, where it is an SEM10 Index constituent.
Chief Executive Bronwyn Corbett: "We are pleased to have redomiciled Grit to Guernsey. This Migration, coupled with our recent transfer to the Premium Segment of the Official List of the FCA, is expected to facilitate Grit's inclusion in the FTSE Indices. This, in turn, is anticipated to help raise Grit's profile with investors, improve liquidity in Grit's shares and place Grit in an enhanced position to fund its accretive pipeline of investments."
Current stock price: 53.00 pence
Year-to-date change: up 9.3%
By Anna Farley; [email protected]
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