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LONDON - Grit Real Estate Income Group Limited (LSE:GR1T) will hold its Annual General Meeting on Monday, December 22, 2025, at 14:30 Mauritian time in Grand Baie, Mauritius, the company announced in a press release.
The property group, which focuses on pan-African real estate investments, revealed planned leadership transitions with current Chairman Peter Todd set to step down following the publication of the company’s results for the 18-month period ending December 31, 2025. Independent Non-Executive Director Nigel Nunoo will assume the chairman role after results are published by April 30, 2026.
Additionally, Cross Kgosidiile will not stand for re-election at the upcoming AGM, which will reduce the board to seven directors, four of whom are independent.
The company noted that due to its previously announced change in financial year-end from June 30 to December 31, no resolutions regarding financial statements will be presented at this AGM. The next audited results, covering an 18-month period, will be published by April 30, 2026.
Grit also provided updates on its debt reduction strategy, reporting that approximately $200 million of non-core assets have been identified for disposal. The company stated that negotiations for several properties are in progress, including the Tamassa Lux resort, Artemis Curepipe Hospital, and its shareholding in Club Med Cap Skirring resort in Senegal.
The disposal of Grit’s 100% interest in VDE Housing Estate in Mozambique is reportedly in final stages, with proceeds earmarked for debt reduction.
Shareholders must be recorded in the share register by December 18, 2025, to be eligible to vote at the AGM, with the last day to trade being December 15, 2025.
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