APDM

Disposal of interests in Acacia Estates and Bora Africa to the group’s development subsidiary, Gateway Real Estate Africa

Retrieved on: 
Martedì, Gennaio 30, 2024
Grand-Baie, Common stock, GSL, DFI, Sale, PIC, Health, GMT, Growth, APDM, Precinct, Unity Building, MUT, ESG, Recycling, World Bank Group, Person, NAV, Investment, Social group, Proxy, International Finance Corporation, Government, Mass meeting, Resolution, Security (finance)

Another part of the Grit 2.0 strategy is to organise the Group's real estate assets into logical sector groupings.

Key Points: 
  • Another part of the Grit 2.0 strategy is to organise the Group's real estate assets into logical sector groupings.
  • Bora Africa has a pipeline of predominantly development opportunities, which GSL does not currently have the capital to develop.
  • of the enlarged issued share capital in Bora Africa (the "Bora Subscription") for an aggregate subscription price of US$9,999 (the "Bora Subscription Price").
  • Following the Bora Investment, Bora Africa will use the proceeds to repay the GSL/Bora Loan in full.

Board and Executive changes

Retrieved on: 
Mercoledì, Dicembre 20, 2023
RTÉ Executive Board, Society, APDM, Society of Actuaries, Prudential Financial, FSA, Acquisition, CFA, Retirement, Growth, Private investigator, Management, Grit

(“Grit” or the “Company” and, together with its subsidiaries, the "Group")

Key Points: 
  • (“Grit” or the “Company” and, together with its subsidiaries, the "Group")
    The board of Directors (the "Board") of Grit Real Estate Income Group Limited, a leading pan-African impact real estate company focused on investing in, developing 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 announces changes to the Board.
  • The Board is pleased to announce the appointment of Mr Nigel Nunoo as independent Non-Executive Director with effect from 19 December 2023.
  • Nigel is an experienced Global Senior Executive with 20+ years of tenure at Prudential Financial, Inc.
  • Leon van de Moortele, Executive Director and Chief Financial Officer of the Grit group, is taking a medical leave of absence.

Clario's Precision Motion Opal® technology powers University of Oxford breakthrough in Parkinson's Disease

Retrieved on: 
Venerdì, Ottobre 27, 2023
Digital, PSP, Parallel Walk Test, Clario Tech, Gait, PD, Medicine, Bureau of Oceans and International Environmental and Scientific Affairs, Neurology, APDM, University, HIV disease progression rates, Parkinson's disease, Machine learning, Algorithm, University of Oxford, Collection, Movement, Patient, Disability studies, Associate, Pharmaceutical industry, Medical imaging, Neuroscience, Parkinsonism, Disease, Doctor of Philosophy

Clario's Precision Motion Opal® wearable sensor technology detects early Parkinson's disease (PD) progression in a University of Oxford study funded by UCB Pharma.

Key Points: 
  • Clario's Precision Motion Opal® wearable sensor technology detects early Parkinson's disease (PD) progression in a University of Oxford study funded by UCB Pharma.
  • Earlier detection supported by state-of-the-art sensor technology and machine learning is a promising discovery to aid in the expedited development of effective PD treatments.
  • Importantly, they found that the wearable technology detected disease progression in a significantly shorter timeframe than the traditional method.
  • "Time is crucial in clinical trials," said Professor Antoniades, Associate Professor of Neuroscience, Clinical Neurology at the University of Oxford.

Clario's Precision Motion Opal® technology powers University of Oxford breakthrough in Parkinson's Disease

Retrieved on: 
Venerdì, Ottobre 27, 2023
Digital, PSP, Parallel Walk Test, Clario Tech, Gait, PD, Medicine, Bureau of Oceans and International Environmental and Scientific Affairs, Neurology, APDM, University, HIV disease progression rates, Parkinson's disease, Machine learning, Algorithm, University of Oxford, Collection, Movement, Patient, Disability studies, Associate, Pharmaceutical industry, Medical imaging, Neuroscience, Parkinsonism, Disease, Doctor of Philosophy

Clario's Precision Motion Opal® wearable sensor technology detects early Parkinson's disease (PD) progression in a University of Oxford study funded by UCB Pharma.

Key Points: 
  • Clario's Precision Motion Opal® wearable sensor technology detects early Parkinson's disease (PD) progression in a University of Oxford study funded by UCB Pharma.
  • Earlier detection supported by state-of-the-art sensor technology and machine learning is a promising discovery to aid in the expedited development of effective PD treatments.
  • Importantly, they found that the wearable technology detected disease progression in a significantly shorter timeframe than the traditional method.
  • "Time is crucial in clinical trials," said Professor Antoniades, Associate Professor of Neuroscience, Clinical Neurology at the University of Oxford.

Acquisition of controlling interest of Gateway Real Estate African Limited ('GREA') and African Property Development Managers Limited ('APDM')

Retrieved on: 
Mercoledì, Luglio 26, 2023
Public Investment Corporation, Gross asset value, Prospectus, Acquisition, Cwmystwyth Grits Group, Grit, Growth, Prudential, PIC, Gateway, Bank, Real estate, Risk management, Cryptocurrency, Sewage treatment, APDM, ADPM

Grit now owns a direct interest of 51.48% in GREA and a 78.95% shareholding in APDM.

Key Points: 
  • Grit now owns a direct interest of 51.48% in GREA and a 78.95% shareholding in APDM.
  • GREA successfully completed several developments during the three-phase acquisition timeframe which has materially derisked the transaction for Grit shareholders.
  • Bronwyn Knight, CEO of Grit Real Estate Income Group Limited, commented:
    “Concluding the acquisition of controlling interests in GREA and APDM are significant milestones towards our Grit 2.0 vision of setting global benchmarks in Africa.
  • Acquisition of the additional 16.47% interest in GREA:
    The Gross Assets the subject of the transaction are USD174.1 million.

Capital Markets Day and Transactions update

Retrieved on: 
Mercoledì, Maggio 10, 2023
International Finance Corporation, Capital market, Public Investment Corporation, South African property law, Disclosure, World Bank, USD, Acquisition, Supreme court, BHI, Grit, PIC, PMO, Holding company, Commercial property, Cryptocurrency, Bank, Security (finance), APDM, Limited, Gateway

(“Grit” or the “Company” and, together with its subsidiaries, the "Group")

Key Points: 
  • (“Grit” or the “Company” and, together with its subsidiaries, the "Group")
    The board of Directors (the “Board”) of Grit Real Estate Income Group Limited will today host a Capital Markets Day for investors and key stakeholders, both physically in Mauritius and available for virtual attendance via livestream.
  • The inaugural Capital Markets and Investor day will delve deeper into “Grit 2.0”, the Group’s growth strategy post the acquisition of controlling interests in Gateway Real Estate Africa (“GREA”) and African Property Development Managers (“APDM”).
  • A further announcement will be made when these consents are received and legal completion occurs, although practical completion remains May 15.
  • The asset is expected to move from being accounted for as associate to a wholly owned and consolidated subsidiary in the 30 June 2023 financial statements.

Capital Markets day and Asset Tours

Retrieved on: 
Martedì, Marzo 28, 2023
Acquisition, APDM, Capital market, United States dollar, Commercial property

This inaugural Capital Markets and Investor day will delve deeper into “Grit 2.0”, the Group’s growth strategy post the acquisition of controlling interests in Gateway Real Estate Africa and APDM.

Key Points: 
  • This inaugural Capital Markets and Investor day will delve deeper into “Grit 2.0”, the Group’s growth strategy post the acquisition of controlling interests in Gateway Real Estate Africa and APDM.
  • The Group will also be conducting asset tours to its Mauritian and Kenyan asset portfolio and pipeline opportunities on 11th and 15th of May 2023.
  • All presentation material will be made available on the Company’s website on 10 May 2023.
  • A playback will be accessible on-demand via the Company website after the event.