TIDMSRE
RNS Number : 8469Q
Sirius Real Estate Limited
02 December 2016
2 December 2016
Sirius Real Estate Limited
("Sirius Real Estate" or the "Company")
Posting of Scrip Dividend Alternative Circular and
Scrip Dividend Reference Price and Exchange Rate
Sirius Real Estate is pleased to confirm that the Scrip Dividend
Alternative Circular and Form of Election have today been posted to
shareholders and are available on the Company's website:
www.sirius-real-estate.com.
Capitalised terms in this announcement have the same meaning as
given to them in the Scrip Circular.
An overview timetable of events relating to the Scrip Dividend
Alternative is set out below:
For shareholders on the UK Share Register
Announcement of Interim 28 November 2016
Dividend
-------------------------------- -------------------
Despatch the Scrip Circular 2 December 2016
and Form of Election
-------------------------------- -------------------
Announcement of Reference 2 December 2016
Price for the New Shares
released on RNS
-------------------------------- -------------------
Last day to trade in order 14 December 2016
to be eligible for the cash
dividend or alternatively
the scrip dividend
-------------------------------- -------------------
Shares commence trading 15 December 2016
ex the cash dividend or
scrip dividend
-------------------------------- -------------------
Record Date for UK Shareholders 16 December 2016
-------------------------------- -------------------
Deadline by which election 5 p.m. (UK time)
to receive the New Shares on 6 January 2017
must have been received
by the Registrars (Election
Return Date)
-------------------------------- -------------------
Announcement on RNS of the 13 January 2017
number of New Shares issued
-------------------------------- -------------------
Despatch scrip dividend 19 January 2017
share certificates, Interim
Dividend cheques and tax
vouchers
-------------------------------- -------------------
CREST accounts credited 20 January 2017
and/or updated with the
Interim Dividend payment
in cash and/or New Shares
-------------------------------- -------------------
Admission of New Shares 20 January 2017
to trading on AIM
-------------------------------- -------------------
Interim Dividend Payment 20 January 2017
Date
-------------------------------- -------------------
For shareholders on the South African Share Register
Announcement of Interim 28 November 2016
Dividend
-------------------------------- --------------------------
Despatch the Scrip Circular 2 December 2016
and Form of Election
-------------------------------- --------------------------
Announcement of Reference 2 December 2016
Price for the New Shares
and the Euro to Rand
Conversion Rate released
on SENS
-------------------------------- --------------------------
Last day to trade in 12 December 2016
order to be eligible
for the cash dividend
or alternatively the
scrip dividend
-------------------------------- --------------------------
Shares commence trading 13 December 2016
ex the cash dividend
or scrip dividend
-------------------------------- --------------------------
Record Date for SA Shareholders 15 December 2016
-------------------------------- --------------------------
Deadline by which election 12.00 noon (South African
to receive the New Shares time) on 15 December
must have been received 2016
by the Transfer Secretaries
(Election Return Date)
-------------------------------- --------------------------
Announcement on SENS 13 January 2017
of the number of New
Shares issued
-------------------------------- --------------------------
Participant/broker accounts 20 January 2017
credited and/or updated
with the Interim Dividend
payment in cash and/or
New Shares
-------------------------------- --------------------------
Despatch scrip dividend 20 January 2017
share certificates, Interim
Dividend cheques and
tax vouchers
-------------------------------- --------------------------
Listing and admission 20 January 2017
of New Shares to trading
on AltX
-------------------------------- --------------------------
Interim Dividend Payment 20 January 2017
Date
-------------------------------- --------------------------
Notes
The above dates and times are subject to change. Any changes
will be released on RNS and SENS.
Share certificates may not be dematerialised or rematerialised,
between Tuesday, 13 December and Thursday, 15 December, nor may
transfers of shares between sub-registers in the United Kingdom and
South Africa take place between Friday, 2 December 2016 and Friday,
16 December 2016, both days inclusive
As set out in the Scrip Dividend Alternative Circular, Sirius
Real Estate today announces the Scrip Dividend Reference Prices and
the Conversion Rate for the purposes of converting the Interim
Dividend declared in connection with the six months ended 30
September 2016 from Euros into Rand (for Shareholders on the SA
Share Register).
The Scrip Dividend Reference Prices are as follows:
Shareholders on the UK Share Register: 50.55 cents (Euro)
Shareholders on the SA Share Register: 757.31824 cents (Rand)
The Conversion Rate and the Dividend in Rand for Shareholders on
the SA Share Register
The Conversion Rate for the purposes of calculating the Interim
Dividend declared in connection with the six months ended 30
September 2016 payable to Shareholders on the SA Share Register
will be 14.9733 Rand to 1 Euro.
On this basis, Shareholders on the SA Share Register will
receive a gross dividend of 20.81289 cents (Rand) per Ordinary
Share, which they may take in cash or in New Shares by electing to
do so by way of the Scrip Dividend Alternative.
The number of New Shares, which Shareholders electing to take
the Scrip Dividend Alternative will receive, are as follows:
Shareholders on the UK Share Register: 1 New Share for every
36.36691 Ordinary Shares held
Shareholders on the SA Share Register: 1 New Share for every
36.38698 Ordinary Shares held
Information for Shareholders on the SA Share Register
In accordance with the Listings Requirements of the JSE, the
Company confirms that the net cash dividend received by SA
Shareholders who are not exempt from dividend withholding tax of
15%, is expected to be 17.69096 cents (Rand) per Ordinary Share.
The Company had 841,831,291 Ordinary Shares in issue (comprising
1,062,058 shares held in treasury and 840,769,233 shares with
voting rights) on Monday, 28 November 2016, the declaration date of
the dividend. The Company is incorporated in Guernsey with Company
number 46442 and its tax registration number in Guernsey is 1EC.956
and its UK tax number is GB 203993015.
As set out in the Scrip Circular, South African Shareholders who
have elected to receive the dividend in scrip form should not be
subject to income tax on receipt of New Shares or dividend
withholding tax.
For the purposes of South African shareholders, the Scrip
Dividend is regarded as a foreign dividend.
The distribution of the Scrip Circular in certain jurisdictions
(including the United States of America, Canada, Japan or Australia
or their respective territories or possessions (subject to
applicable exemptions)) other than the United Kingdom, South Africa
and Guernsey may be restricted by law. Accordingly, the Scrip
Circular may not be distributed or published in any jurisdiction
except under circumstances that will result in compliance with any
applicable laws and regulations. Persons into whose possession the
Scrip Circular comes should inform themselves about and observe any
such restrictions. Any failure to comply with these restrictions
may constitute a violation of the securities laws of any such
jurisdiction.
Enquiries:
Sirius Real Estate +49 (0)30 285010110
Andrew Coombs, CEO
Alistair Marks, CFO
Peel Hunt +44 (0)20 7418 8900
Capel Irwin
Edward Fox
Canaccord Genuity Limited +44 (0)20 7523 8000
Bruce Garrow
Chris Connors
JSE Sponsor: PSG Capital +27 (0)21 887 9602
David Tosi
Willie Honeyball
Novella +44 (0)20 3151 7008
Tim Robertson
Toby Andrews
This information is provided by RNS
The company news service from the London Stock Exchange
END
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