GRIT REAL ESTATE INCOME GROUP LIMITED
(Registered in Guernsey)
(Registration number: 68739)
LSE share code: GR1T
SEM share codes (dual currency trading): DEL.N0000 (USD) / DEL.C0000 (MUR)
ISINL GG00BMDHST63
LEI: 21380084LCGHJRS8NC05
(“Grit” or the “Company” or the “Group”)
RESULTS OF THE ANNUAL GENERAL MEETING
The board of Directors (the "Board") of Grit is pleased to announce that at the annual general meeting of the Company ("AGM") held at 2:30 p.m. Mauritian time (10:30 a.m. UK time) on Monday, 22 December 2025, all resolutions were passed with the requisite majority votes. The detailed results of the voting are as follows:
Resolutions proposed at the AGM | Votes for resolution as a percentage of total number of shares voted at AGM (rounded to 2 decimal places)* | Votes against resolution as a percentage of total number of shares voted at AGM (rounded to 2 decimal places)* | Number of shares voted at AGM | Number of shares voted at AGM as a percentage of shares in issue (rounded to 2 decimal places)* | Number of shares abstained as a percentage of shares in issue (rounded to 2 decimal places)* |
Ordinary Resolution Number 1 – Re-appointment of MHA and Baker Tilly Channel Islands as the statutory auditors of the Company | 83,00% | 17,00% | 433 608 033 | 83,41% | 0,01% |
Ordinary Resolution Number 2 – Re-election of Peter Todd as a Director of the Company | 56,11% | 43,89% | 433 298 033 | 83,35% | 0,06% |
Ordinary Resolution Number 3 – Re-election of Bronwyn Corbett as a Director of the Company | 56,11% | 43,89% | 433 298 033 | 83,35% | 0,06% |
Ordinary Resolution Number 4 – Re-election of David Love as a Director of the Company | 82,99% | 17,00% | 430 000 904 | 82,72% | 0,70% |
Ordinary Resolution Number 5 – Re-election of Catherine McIlraith as a Director of the Company | 82,99% | 17,00% | 430 000 904 | 82,72% | 0,70% |
Ordinary Resolution Number 6 – Re-election of Lynette Finlay as a Director of the Company | 82,99% | 17,00% | 430 000 904 | 82,72% | 0,70% |
Ordinary Resolution Number 7 – Re-election of Nigel Nunoo as a Director of the Company | 82,99% | 17,00% | 433 298 033 | 83,35% | 0,06% |
Ordinary Resolution Number 8 – Re-election of Gareth Schnehage as a Director of the Company | 82,99% | 17,00% | 430 000 904 | 82,72% | 0,70% |
Special Resolution Number 1 – Market purchase of own shares / share buy back | 100,00% | 0,00% | 415 181 057 | 79,87% | 3,55% |
Special Resolution Number 2 – Authority to issue shares for cash on a non-pre-emptive basis | 83,41% | 17,09% | 420 629 793 | 80,92% | 2,92% |
Special Resolution Number 3 – Authority to sell shares from treasury for cash on a non-pre-emptive basis | 99,92% | 0,08% | 418 478 186 | 80,50% | 2,92% |
* Percentages are expressed as a proportion of the total votes cast (which does not include votes withheld).
Total number of shares in issue as at the date of the AGM was 519,587,834 (excluding the 246,782 ordinary shares held in treasury).
Engagement with Dissenting Shareholders
Shareholders are further advised that, whilst ordinary resolutions number 2 and 3, relating to the re-election of Peter Todd and Bronwyn Corbett as Directors of the Company, were supported by the majority of shareholders, the Company does recognise that they were each voted against by 43,89% respectively, of the votes exercised by the Company's shareholders present in person or represented by proxy at the AGM.
The Independent Directors of Grit (the “Independent Directors”) have taken this on board and are committed to achieving a greater understanding of the underlying reasons that has seen some shareholders being unable to support these resolutions. The Independent Directors will initiate a consultation with the Company's shareholders including dissenting shareholders to better understand their concerns and consider their feedback.
An update on the views received from shareholders and actions taken will be published no later than six months after the meeting with the dissenting shareholders.
In accordance with the Listing Rules of the UK Financial Conduct Authority ("FCA"), a copy of the resolutions passed at the AGM has been submitted to the FCA via the National Storage Mechanism and will shortly be available to the public for inspection at the link below:
https://data.fca.org.uk/#/nsm/nationalstoragemechanism.
By Order of the Board
22 December 2025
FOR FURTHER INFORMATION, PLEASE CONTACT:
Grit Real Estate Income Group Limited
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Bronwyn Corbett, Chief Executive Officer Morne Reinders, Investor Relations | +230 269 7090 +2782 480 4541 |
Group Investor Relations | ir@grit.group |
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Cavendish Capital Markets Limited - UK Financial Adviser | |
Tunga Chigovanyika / Teddy Whiley (Corporate Finance) | +44 20 7220 5000 |
Justin Zawoda-Martin / Daniel Balabanoff / Pauline Tribe (Sales) | +44 20 3772 4697 |
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Perigeum Capital Ltd - SEM Authorised Representative and Sponsor | |
Shamin A. Sookia Rukhsaar Lallmahomed | +230 402 0894 +230 402 0893 |
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Capital Markets Brokers Ltd - Mauritian Sponsoring Broker | |
Elodie Lan Hun Kuen | +230 402 0280 |
NOTES:
Grit Real Estate Income Group Limited is the leading pan-African impact real estate company focused on investing in, developing 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.
The Company is committed to delivering strong and sustainable income for shareholders, with the potential for income and capital growth. The Company holds its primary listing on the Main Market of the London Stock Exchange (LSE: GR1T and a dual currency trading secondary listing on the Stock Exchange of Mauritius (SEM: DEL.N0000 (USD) / DEL.C0000 (MUR)).
Further information on the Company is available at www.grit.group
Directors: Peter Todd (Chairman), Bronwyn Corbett (Chief Executive Officer) *, Gareth Schnehage (Chief Financial Officer) *, David Love+, Catherine McIlraith+, Lynette Finlay+ and Nigel Nunoo+.
(* Executive Director) (+ Independent Non-Executive Director)
Company secretary: Intercontinental Fund Services Limited
Corporate service provider: Mourant Governance Services (Guernsey) Limited
Registered office address: PO Box 186, Royal Chambers, St Julian's Avenue, St Peter Port, Guernsey GY1 4HP
Registrar and transfer agent (Mauritius): OneLink Limited
SEM authorised representative and sponsor: Perigeum Capital Ltd
