London Stock Exchange welcomes Grit Real Estate Income Group to the Premium Segment of the Main Market
London Stock Exchange welcomes Grit Real Estate Income Group to the Premium Segment of the Main Market today. This follows a rigorous step-up process by the Company that further strengthens Grit’s position to deliver increased value and sustainable growth and enhances the company’s profile with a broader base of potential investors.
Grit Real Estate Income Group Limited is a leading pan-African real estate company focused on investing in 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.
Today, Grit becomes the first African company led by a female CEO to transfer to London Stock Exchange’s Premium Segment. This follows Grit’s IPO on London Stock Exchange in 2018, which was a significant milestone when Grit became the first Mauritius-based company to list on London Stock Exchange.
Grit remains proudly African and provides access to exciting and growing African markets via its Premium Listing on London Stock Exchange (LSE: GR1T) and Secondary Listing on the Stock Exchange of Mauritius Ltd (SEM: DEL.N0000), where it remains a constituent of the SEM10 Index.
Grit’s transfer to the Premium Segment of London Stock Exchange coupled with the recent migration of its corporate domicile to Guernsey, are together 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.
Bronwyn Anne Knight, co-founder and Chief Executive Officer of Grit, commented: “Despite the challenging backdrop of Covid-19, we have delivered a number of notable achievements and enhanced Grit’s position to deliver further sustainable value and growth to our shareholders and wider stakeholders.
I’m pleased that Grit has now transferred to the Premium Segment of London Stock Exchange, London's highest listing standards, and one of the world’s most stringent listing regimes, for the world’s leading companies and with potential to join the FTSE UK Index Series. I remain incredibly thankful and proud of everyone at Grit who has helped make this possible.”