SIRIUS REAL ESTATE LIMITED
(Incorporated in Guernsey)
Company Number: 46442
JSE Share Code: SRE
LSE (GBP) Share Code: SRE
LEI: 213800NURUF5W8QSK566
ISIN Code: GG00B1W3VF54
28 May 2024
Sirius Real Estate
Limited
("Sirius Real Estate" or the
"Company")
Board Changes
Sirius Real Estate, the leading operator of
branded business and industrial parks providing conventional space
and flexible workspace in Germany and the UK, announces that James
Peggie will step down as an independent non-executive director of
the Company at the conclusion of the upcoming annual general
meeting in June 2024 ("2024
AGM") and that Deborah Davis will join the Company's Board
as an independent non-executive director, with effect from 1
December 2024.
Deborah
Davis
Deborah spent her executive career in Sales,
Marketing, Customer experience and Operations at some of the
world's largest technology businesses including senior roles at
PayPal, eBay, Symantec and Verizon Business. She holds an
engineering honours degree in Applied Science (Electronics) from
the University of Melbourne, a Masters degree in Science Management
with Distinction from London Business School and is a Chartered
Director (CDir).
Deborah is on the board of two listed
companies, as Chair of diagnostic data and analytics company
Diaceutics plc and Remuneration Committee Chair and Non-executive
Director of consumer credit company International Personal Finance
plc. She is also a Non-executive Director of Lloyds Banking Group
Insurance/Scottish Widows Insurance Limited and was formerly
a Non-executive Director of The Institute of Directors
and of Norwegian listed biometrics company IDEX Biometrics
ASA. She is also a trustee of the Southern African
Conservation Trust.
James
Peggie
James Peggie will step down from the Board and
the Audit, Nomination and Remuneration Committees with effect from
the conclusion of the 2024 AGM. James has been on the Board of
Sirius since November 2012, and has been an outstanding steward of
the Company, having overseen its transformation from an AIM-listed
£60 million market capitalisation company to the £1.3 billion FTSE
250 and SAPY-indexed company it is today. During his
tenure, James was Senior Independent Director for five years, chair
of Sirius' Remuneration Committee for six years and also stood in
twice as Board Interim Chair.
Commenting on
the Board changes, Daniel Kitchen, Chair of Sirius Real Estate,
said: "Deborah has impressive credentials as a
respected board member across a range of listed, private and social
enterprise organisations. She specifically brings a wealth of
experience in growth, change and digital transformation in some of
the largest technology companies in the world and will provide
valuable insights as we continue to develop the use of technology
in our business parks and our operating platform, as well as with
helping us optimise our impact on society. We are confident
that Deborah will be a valuable addition to our Board.
James has made an outstanding contribution to
the Board during his tenure which started in 2012 when the company
was a £60 million AIM-listed company. He has acted as Senior
Independent Director, Interim Board Chair, chair of the
Remuneration Committee and as a Member of the Audit and Nomination
Committees. We thank him for his incredible support to the Company
and the management team over the last 12
years."
The announcement has been made in accordance
with requirements of the Listing Rule 9.6.11R of the Listing Rules
published by the Financial Conduct Authority (the "Listing Rules") and paragraph 3.59 of
the JSE Limited ("JSE")
Listings Requirements.
For the purposes of LR 9.6.13R of the Listing
Rules and paragraph 3.59 of the JSE Listings Requirements, Deborah
Davis is currently a non-executive director of Diaceutics plc and
International Personal Finance plc and was in the past five years a
non-executive director of IDEX Biometrics ASA.
No further disclosures are required under LR
9.6.13R of the Listing Rules and paragraph 3.59 of the JSE Listings
Requirements with respect to this appointment.
Deborah Davis and any 'persons closely
associated' with her, have no beneficial interest in the Company's
ordinary shares of no par value as at the date of this
announcement.
ENDS
For
further information:
Sirius Real Estate
Andrew Coombs, CEO / Chris Bowman,
CFO
+49 (0) 30 285010110
FTI
Consulting (Financial
PR)
Richard Sunderland / James McEwan /
Talia Shirion / Millie James
+44 (0) 20 3727 1000
SiriusRealEstate@fticonsulting.com
NOTES TO EDITORS
About Sirius Real Estate
Sirius is a property company listed on the main
and premium market of the London Stock Exchange and the main board
of the JSE. It is a leading owner and operator of branded business
and industrial parks providing conventional space and flexible
workspace in Germany and the U.K. As of 30 September 2023, the
Group's portfolio comprised 139 assets let to 9,248 tenants with a
total book value of over €2 billion, generating a total annualised
rent roll of €184.2 million. Sirius also holds a 35% stake in
Titanium, its €350+ million German-focused joint venture with
clients of AXA IM Alts.
The Company's strategy centres on acquiring
business parks at attractive yields and integrating them into its
network of sites - both under the Sirius and BizSpace names and
alongside a range of branded products. The business then seeks to
reconfigure and upgrade existing and vacant space to appeal to the
local market via intensive asset management and investment and may
then choose to refinance or dispose of assets selectively once they
meet maturity, to release capital for new investment. This active
approach allows the Company to generate attractive returns for
shareholders through growing rental income, improving cost
recoveries and capital values, and enhancing returns through
securing efficient financing terms.
For more information, please
visit: www.sirius-real-estate.com
Follow us on LinkedIn
at https://www.linkedin.com/company/siriusrealestate/
Follow us on X (Twitter) at
@SiriusRE
JSE Sponsor
PSG Capital