Sirius Real Estate Limited Cash fraction applicable to the Scrip Dividend (4679X)
19 December 2019 - 10:00PM
UK Regulatory
TIDMSRE
RNS Number : 4679X
Sirius Real Estate Limited
19 December 2019
SIRIUS REAL ESTATE LIMITED
(Incorporated in Guernsey)
Company Number: 46442
JSE Share Code: SRE
LSE (GBP) Share Code: SRE
LSE (EUR) Share Code: ESRE
LEI: 213800NURUF5W8QSK566
ISIN Code: GG00B1W3VF54
19 December 2019
Sirius Real Estate Limited
("Sirius Real Estate" or the "Company")
Cash fraction applicable to the Scrip Dividend
Shareholders of the Company are referred to the Half Year Report
for the six months ended 30 September 2019, published on RNS and
SENS on 25 November 2019, in which the Company declared an interim
cash dividend with the offer to elect to receive a scrip dividend,
as well as the announcement published on RNS and SENS on 2 December
2019 and the circular dated 2 December 2019 ("Circular") relating
to the Scrip Dividend Alternative.
The attention of Shareholders is accordingly drawn to the
following terms relating to the fractions applicable to the Scrip
Dividend Alternative.
Shareholders on the UK Register
Where the operation of the Scrip Dividend Alternative would
result in a Share Elector being entitled to less than one New Share
(for example where that Share Elector held a small number of
Ordinary Shares) no fraction of a New Share will be issued, and the
relevant amount of Interim Dividend will be retained for the
benefit of the Company.
Shareholders on the SA Register
No fractions of a New Share will be issued to Shareholders on
the SA Register.
You cannot accumulate residual entitlements or receive a
fraction of a New Share. Where you have made an election to
participate in the Scrip Dividend Alternative, which would
otherwise give rise to an entitlement to a fraction of a New Share,
the number of New Shares to be received will be rounded down and
any residual entitlement which is less than the price of one New
Share (as calculated in accordance with paragraph 3 of the terms
and conditions set out in the Circular) will be paid to you in cash
in Rand.
The cash fractional payment was determined with reference to the
volume weighted traded price on the JSE on, Wednesday, 18 December
2019 (being the date on which the Ordinary Shares began trading on
the JSE ex the cash dividend or scrip dividend) of R15.50457,
discounted by 10% ("Fractional Reference Price"). Shareholders are
accordingly advised that the Fractional Reference Price is
R13.95411 (R15.50457 discounted by 10%). The cash fractional
payment may be considered to be revenue or capital in nature and
will depend on the nature of the pre-existing Ordinary Shares held
by Shareholders of the Company. The cash fractional payment is not
regarded as a dividend for South African tax purposes and will not
be subject to dividends tax as previously stated in the Circular.
Shareholders are advised to seek their own tax advice from an
independent tax adviser should they be in any doubt as to the tax
treatment for them of any cash fractional payment.
Further Information
Terms used but not defined herein have the same meaning given to
them as set out in the Circular.
The distribution of the Circular in certain jurisdictions
(including the United States of America, Canada, Japan, New Zealand
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 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 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.
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
JSE Sponsor
PSG Capital
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
MSCLIFIAFRLALIA
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