Grit Real Estate Income Group AGM Outcomes

Grit Real Estate Income Group Limited, listed on the London Stock Exchange and the Stock Exchange of Mauritius, announced the results of its Annual General Meeting (AGM) held on December 13, 2024. All resolutions were passed, though some faced notable opposition. Ordinary resolutions regarding the appointment of auditors and director re-elections received overwhelming support with votes exceeding 95%. However, the remuneration policy resolutions saw significant dissent, with 30.32% and 29.73% of votes against. This has prompted Grit to engage with dissenting shareholders in January 2025 to address concerns and gain insights.

Grit is committed to understanding shareholder perspectives. They plan a consultation on January 22, 2025, to discuss the remuneration concerns more thoroughly. The company encourages shareholders to participate and share feedback. Findings and actions will be reported within six months post-meeting. The resolutions and further documentation have been submitted to the UK Financial Conduct Authority for public access. Grit continues its focus on impactful real estate investments across Africa, excluding South Africa, aiming for sustainable income growth.