Grit Real Estate Income Group Limited has announced that its application to step up to a Premium Listing has been approved by the London Stock Exchange (LSE).
The pan-African real estate company focuses on investing in and actively managing a diversified portfolio of assets underpinned by predominantly US$ and Euro dominated long-term leases with high quality multi-national tenants.
The migration is expected to take place in early January 2021, making Grit the first Mauritian company to do so.
“In a year of unbelievable turmoil, we have not only continued to manage the business but have also delivered a number of notable achievements and I am proud of my team who made this possible. To be recognized on one of the world’s most governed exchanges ranks amongst our greatest milestones to date and the fact that we are one of only a few African companies, the only Mauritian one, and women-led is even more encouraging” commented Bronwyn Corbett, co-founder and Chief Executive Officer of Grit.
“Issuers listed in the Premium Listing segment are required to meet the UK’s highest standards, which are higher than the EU minimum requirements. This provides investors with best-in-class corporate governance and protection and will support the Company’s FTSE index inclusion and greater liquidity in our share over time.”
The LSE provides access to Europe’s deepest pool of capital. Its Main Market is a world leading market for the admission and trading of equity, debt, and other securities, with more than 1 000 companies from 100 countries listed on the exchange, including many of the world’s largest, most successful, and dynamic companies. Underpinned by London’s balanced and globally respected standards of regulation and corporate governance, the Main Market represents a badge of quality for every company admitted to and traded on it, and admission remains an aspiration for many companies worldwide.
A Premium Listing on the Main Market represents the highest listing standards for the world’s leading companies.
Source: Propertywheel.co.za | https://propertywheel.co.za/2020/12/grit-announces-premium-listing-on-the-london-stock-exchange/