- First Mauritian company to do so
- Premium Listing on the LSE represents the highest listing standards and places Grit amongst some of the world’s leading companies
- Increased shareholder protection due to the highest standards in governance
- Potential improvement of liquidity in shares
- Potential FTSE indices inclusion in due course
Grand Baie, Mauritius. 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 today announced that its application to step up to a Premium Listing has been approved by the London Stock Exchange (“LSE”).
The migration is expected to take place in early January 2021, making Grit the first Mauritian company to do so.
Bronwyn Knight, co-founder, and Chief Executive Officer of Grit commented:
“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.
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 protetions 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.