Sirius Real Estate Limited Scrip Allotment (2846N)

TIDMSRE

RNS Number : 2846N

Sirius Real Estate Limited

07 August 2017

7 August 2017

Sirius Real Estate Limited

("Sirius Real Estate", "Sirius" or the "Company")

Allotment of Scrip Dividend

Sirius Real Estate is pleased to confirm that on 18 August 2017, 7,991,787 ordinary shares will be allotted and issued to the Company's shareholders who elected to receive ordinary shares under the Scrip Dividend Programme as an alternative to receiving in cash the final dividend declared in respect of the twelve months ended 31 March 2017, payable.

Following the issue of the new ordinary shares, the total number of voting rights in the Company will be 926,153,673, the number of shares in treasury shall be 574,892 and the total number of ordinary shares in issue (including those in treasury) will be 926,728,565.

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 18 August 2017.

For further information:

 
Sirius Real Estate 
 Andrew Coombs, CEO 
 Alistair Marks, CFO               [phone] 
Peel Hunt - Joint UK Bookrunner 
 Capel Irwin 
 Edward Fox                        [phone] 
Berenberg - Joint UK Bookrunner 
 Chris Bowman 
 Toby Flaux                        [phone] 
PSG Capital - Sole SA Bookrunner 
 David Tosi 
 Willie Honeyball                  [phone] 
Novella 
 Tim Robertson 
 Toby Andrews                      [phone] 
 

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.

This information is provided by RNS

The company news service from the London Stock Exchange

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August 07, 2017 06:50 ET (10:50 GMT)