Sirius Real Estate Limited Notice of EGM (1241V)
26 January 2017 - 2:05AM
UK Regulatory
TIDMSRE
RNS Number : 1241V
Sirius Real Estate Limited
25 January 2017
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN
PART, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD
CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH
JURISDICTION.
THIS ANNOUNCEMENT IS NOT AN OFFER TO SELL OR THE SOLICITATION OF
AN OFFER TO BUY ANY SECURITIES. IT IS NOT A PROSPECTUS OR
PROSPECTUS EQUIVALENT DOCUMENT. INVESTORS SHOULD NOT PURCHASE ANY
SHARES REFERRED TO IN THIS ANNOUNCEMENT EXCEPT SOLELY ON THE BASIS
OF INFORMATION CONTAINED IN THE PROSPECTUS TO BE PUBLISHED BY
SIRIUS REAL ESTATE LIMITED IN CONNECTION WITH THE PROPOSED MOVE TO
THE MAIN MARKET.
25 January 2017
Sirius Real Estate Limited
("Sirius Real Estate", "Sirius" or the "Company")
AIM Cancellation, move to the Main Market and
Notice of Extraordinary General Meeting
Further to previous announcements, Sirius Real Estate, a leading
operator of branded business parks providing conventional space and
flexible workspace in Germany, confirms its intention to apply for
admission to listing of its Ordinary Shares on the premium segment
of the Official List of the UK Listing Authority (the "Official
List") and admission to trading on the main market of the London
Stock Exchange plc (the "UK Admission"). The Company has also
applied and received approval for the transfer of its Ordinary
Shares from trading on AltX of the Johannesburg Stock Exchange
("JSE") to trading on the JSE's Main Board for listed securities
(the "JSE Transfer").
Pursuant to Rule 41 of the AIM Rules for Companies, the Company
hereby gives notice of the intended cancellation of trading of its
Ordinary Shares on both the AIM market of the London Stock Exchange
plc ("AIM") and the AltX market of JSE.
The Directors believe that the UK Admission and the JSE Transfer
will:
-- provide a more appropriate platform for the continued growth
of the Group and further raise its profile and status as a high
quality real estate business;
-- place the Company in a better position to achieve improved
liquidity in its Ordinary Shares due to the higher number of
institutional investors who regularly trade in shares of companies
admitted to the Main Market and the Main Board and the higher
profile of such companies;
-- facilitate the longer term ambitions of the Company, increase
its appeal to a broader range of international investors and,
subject to meeting the relevant criteria, allow the Company to
benefit from inclusion in certain indices; and
-- further develop the Company's corporate governance, regulatory and reporting disciplines.
In order to be eligible to be included in certain indices, the
Ordinary Shares will need to be traded on the Main Market in Pounds
Sterling. The Directors have therefore determined that it is in the
best interests of the Shareholders to change the trading currency
of the Ordinary Shares from Euros to Pounds Sterling on the London
Stock Exchange, and this change will take place on and from the
date of UK Admission. The Ordinary Shares will continue to be
traded in Rand on the JSE. Dividends on the Ordinary Shares held by
Shareholders on the UK Shareholder Register will be paid in Euros
or, at the option of the relevant Shareholder, in Pounds Sterling.
Dividends on the Ordinary Shares held by Shareholders on the SA
Share Register will continue to be paid in Rand.
Further information regarding the proposed UK Admission and the
JSE Transfer can be found in the Prospectus, a copy of which will
be available on the Company's website at www.sirius-real-estate.com
and via the National Storage Mechanism as soon as it is published
(which is currently expected to be on or about 27 January 2017).
Copies of the Prospectus will also be available at the offices of
Norton Rose Fulbright LLP at 3 More London Riverside, London, SE1
2AQ.
It is expected that the Company's Ordinary Shares will be
admitted to the Official List, commence trading on the Main Market
and simultaneously be cancelled on AIM and that JSE Transfer will
take effect on or around 6 March 2016, subject to the receipt of
the necessary approvals from the UK Listing Authority, the London
Stock Exchange and the resolutions being passed by the Shareholders
at the Extraordinary General Meeting referred to below.
Circular and Notice of Extraordinary General Meeting
In order to proceed with Admission, a circular will today be
posted to Shareholders (the "Circular"), the purpose of which is to
allow Shareholders to vote on the adoption of new articles of
association which reflect the enhanced legal and regulatory
requirements of the Main Market, to approve the UK Admission and
JSE Transfer and to authorise the Directors to disapply pre-emption
rights and allot ordinary shares for cash (together, the
"Resolutions"). The Extraordinary General Meeting ("EGM") is to be
held at 33 St James's Square, London SW1Y 4JS at 2.00 p.m. (UK
time) and 4.00 p.m. (South African time) on 23 February 2017 for
the purposes of seeking shareholder approval to the
Resolutions.
A copy of this circular is available on the company's website:
www.sirius-real-estate.com
All capitalised terms in this announcement have the meaning
given to them in the Circular, unless otherwise defined herein.
A further announcement will be made in due course.
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
Ben Griffiths
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
MSCUVVSRBOAAUAR
(END) Dow Jones Newswires
January 25, 2017 10:05 ET (15:05 GMT)
Sirius Real Estate Ld (LSE:SRE)
Historical Stock Chart
From Apr 2024 to May 2024
Sirius Real Estate Ld (LSE:SRE)
Historical Stock Chart
From May 2023 to May 2024