Business
Migration of Corporate Domicile
Migration of Corporate Domicile.
About this update from Grit Real Estate Income Group Limited
[{"type":"text","content":"\n \n \n \n RNS Number : 2092O\n Grit Real Estate Income Group\n 05 February 2021\n \n \n \n \n \n \n \n \n \n \n GRIT REAL ESTATE INCOME GROUP LIMITED\n \n \n (Registered in Guernsey)\n \n \n (Registration number: 68739)\n \n \n LSE share code: GR1T\n \n \n SEM share code: DEL.N0000\n \n \n ISIN: MU0473N00036 (GG00BMDHST63 effective 11 February 2021)\n \n \n LEI: 21380084LCGHJRS8CN05 \n (\n 21380084LCGHJRS8CN05 \n \n effective 11 February 2021)\n \n \n \n (\"Grit\" or the \"Company\" \n and, together with its subsidiaries, the \"Group\"\n )\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n MIGRATION OF CORPORATE DOMICILE\n \n \n \n \n \n \n \n \n \n \n Grit Real Estate Income Group Limited, a leading pan-African real estate company focused on investing in and actively managing a diversified portfolio of assets underpinned by predominantly US$ and Euro denominated long-term leases with high quality multi-national tenants, announces that the Company successfully migrated its corporate domicile to Guernsey from Mauritius on 4 February 2021 (the \"Migration\").\n \n \n \n \n \n The completion of the Migration satisfies one of the key eligibility requirements for inclusion in the FTSE Indices, which relates to the nationality of a company and Grit has migrated the corporate seat of its listed entity, Grit Real Estate Income Group Limited, primarily to facilitate inclusion in the FTSE Indices in due course and the increased value Grit expects this to deliver to the business and growth strategy of the Company and to Grit's shareholders and wider stakeholders. \n \n \n \n \n \n The Company's operations, physical head office and domicile of the main operational company, Grit Services Limited, remain in Mauritius along with the majority of the Company's staff and its place of effective management. Grit remains proudly African and provides access to exciting and growing African markets via its Premium Listing on the London Stock Exchange (\"LSE\") and Secondary Listing on the Stock Exchange of Mauritius Ltd (\"SEM\"), where it remains a constituent of the SEM10 Index. \n \n \n \n \n \n As a result of the Migration, the Company's depository interest facility on the LSE is no longer required, as the ordinary shares of nil par value in the Company (\"Ordinary Shares\") w...