Sirius Real Estate Limited Allotment of New Shares (0592S)
07 March 2019 - 2:10AM
UK Regulatory
TIDMSRE
RNS Number : 0592S
Sirius Real Estate Limited
06 March 2019
06 March 2019
Sirius Real Estate Limited
("Sirius Real Estate", "Sirius" or the "Company")
Allotment of New Shares
Sirius Real Estate announces that awards granted to 106
participants under the Sirius Real Estate Limited Long Term
Incentive Plan 2015 (the "2015 LTIP") vested on 4 March 2019 in
respect of 1,780,109 ordinary shares of no par value in the
Company.
1,780,109 shares are now due to be delivered to satisfy these
awards, of which 632,243 shares have been withheld in partial
settlement of certain participants' tax liabilities arising in
respect of the vesting. Accordingly, 1,147,866 ordinary shares of
no par value will be issued to qualifying participants. Disclosure
of an award made to the Group Company Secretary is detailed below.
There are no other PDMRs in the participant group. The participant
awards will be made up of an issue of 1,061,066 new ordinary shares
of no par value and a transfer of 86,800 ordinary shares of no par
value from the Sirius Real Estate Employee Benefits Trust.
Following the issue of the new ordinary shares, the total number
of voting rights in the Company will be 1,022,140,875. There are no
shares held in Treasury.
Application will be made for the new ordinary shares to be
admitted to trading on the main market of London Stock Exchange Plc
("LSE"), to be admitted to listing on the premium segment of the
Official List of the UK Listing Authority and to be listed on the
main board of the Johannesburg Stock Exchange ("JSE"). It is
expected that admission of the new ordinary shares will take place
at commencement of trade on both the LSE at 8am (BST) and on the
JSE at 9am (SAST), on or around 11 March 2019.
1. Details of PDMR / person closely associated with them ("PCA")
a) Name Aoife Bennett
-------------------------- -----------------------------------------
2. Reason for the notification
---------------------------------------------------------------------
a) Position / status Group Company Secretary
-------------------------- -----------------------------------------
b) Initial notification Initial notification
/ amendment
-------------------------- -----------------------------------------
3. Details of the issuer
---------------------------------------------------------------------
a) Name Sirius Real Estate Limited
-------------------------- -----------------------------------------
b) LEI 213800NURUF5W8QSK566
-------------------------- -----------------------------------------
4. Details of the transaction(s): section to be repeated for
(i) each type of
instrument; (ii) each type of transaction; (iii) each date;
and (iv) each place where transactions have been conducted
---------------------------------------------------------------------
a) Description of the Ordinary shares of no par value.
financial instrument,
type of instrument
-------------------------- -----------------------------------------
b) Identification code GB00B1W3VF54
-------------------------- -----------------------------------------
c) Nature of the transaction Acquisition of shares under the 2015
Sirius Real Estate Limited Long-Term
Incentive Plan.
Following receipt of the award Mrs.
Bennett will have a beneficial interest
in 41,861 shares.
-------------------------- -----------------------------------------
d) Price(s) and Price(s) Volume(s) Total(s)
volume(s) (p/GBP) (p/GBP)
n/a 41,861 0.00
---------- ---------
-------------------------- -----------------------------------------
e) Date of the transaction 6 March 2019
-------------------------- -----------------------------------------
f) Place of the transaction Outside of trading venue (off market)
-------------------------- -----------------------------------------
g) Nature and extent Direct, beneficial
of interest in the
transaction
-------------------------- -----------------------------------------
h) Clearance to deal in these securities was obtained in accordance
with Rule 3.66 of the Listings Requirements of the JSE
Limited.
---------------------------------------------------------------------
For further information:
Sirius Real Estate
Andrew Coombs, CEO
Alistair Marks, CFO +49 (0)30 285010110
Tavistock
Jeremy Carey
James Verstringhe +44 (0)20 7920 3150
About Sirius Real Estate
Sirius is a property company listed on the main market and
premium segment of the London Stock Exchange and the main board of
the Johannesburg Stock Exchange. It is a leading operator of
branded business parks providing conventional space and flexible
workspace in Germany. The Company's core strategy is the
acquisition of business parks at attractive yields, the integration
of these business parks into its network of sites under the
Company's own name as well as offering a range of branded products
within those sites, and the reconfiguration and upgrade of existing
and vacant space to appeal to the local market, through intensive
asset management and investment. The Company's strategy aims to
deliver attractive returns for shareholders by increasing rental
income and improving cost recoveries and capital values, as well as
by enhancing those returns through financing its assets on
favourable terms. Once sites are mature and net income and values
have been optimised, the Company may take the opportunity to
refinance the sites to release capital for investment in new sites
or consider the disposal of sites in order to recycle equity into
assets which present greater opportunity for the asset management
skills of the Company's team.
LEI: 213800NURUF5W8QSK566
JSE Sponsor
PSG Capital
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END
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