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SRE Sirius Real Estate Ld

96.35
-0.45 (-0.46%)
Last Updated: 09:27:03
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Sirius Real Estate Ld LSE:SRE London Ordinary Share GG00B1W3VF54 ORD NPV
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.45 -0.46% 96.35 96.35 96.55 96.60 94.75 96.40 295,550 09:27:03
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Real Estate Investment Trust 270.1M 79.6M 0.0590 16.24 1.29B

Sirius Real Estate Limited Scrip Dividend Reference Price and Conversion Rate (8469Q)

02/12/2016 12:15pm

UK Regulatory


Sirius Real Estate Ld (LSE:SRE)
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TIDMSRE

RNS Number : 8469Q

Sirius Real Estate Limited

02 December 2016

2 December 2016

Sirius Real Estate Limited

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

Posting of Scrip Dividend Alternative Circular and

Scrip Dividend Reference Price and Exchange Rate

Sirius Real Estate is pleased to confirm that the Scrip Dividend Alternative Circular and Form of Election have today been posted to shareholders and are available on the Company's website: www.sirius-real-estate.com.

Capitalised terms in this announcement have the same meaning as given to them in the Scrip Circular.

An overview timetable of events relating to the Scrip Dividend Alternative is set out below:

For shareholders on the UK Share Register

 
 Announcement of Interim           28 November 2016 
  Dividend 
--------------------------------  ------------------- 
 Despatch the Scrip Circular       2 December 2016 
  and Form of Election 
--------------------------------  ------------------- 
 Announcement of Reference         2 December 2016 
  Price for the New Shares 
  released on RNS 
--------------------------------  ------------------- 
 Last day to trade in order        14 December 2016 
  to be eligible for the cash 
  dividend or alternatively 
  the scrip dividend 
--------------------------------  ------------------- 
 Shares commence trading           15 December 2016 
  ex the cash dividend or 
  scrip dividend 
--------------------------------  ------------------- 
 Record Date for UK Shareholders   16 December 2016 
--------------------------------  ------------------- 
 Deadline by which election        5 p.m. (UK time) 
  to receive the New Shares         on 6 January 2017 
  must have been received 
  by the Registrars (Election 
  Return Date) 
--------------------------------  ------------------- 
 Announcement on RNS of the        13 January 2017 
  number of New Shares issued 
--------------------------------  ------------------- 
 Despatch scrip dividend           19 January 2017 
  share certificates, Interim 
  Dividend cheques and tax 
  vouchers 
--------------------------------  ------------------- 
 CREST accounts credited           20 January 2017 
  and/or updated with the 
  Interim Dividend payment 
  in cash and/or New Shares 
--------------------------------  ------------------- 
 Admission of New Shares           20 January 2017 
  to trading on AIM 
--------------------------------  ------------------- 
 Interim Dividend Payment          20 January 2017 
  Date 
--------------------------------  ------------------- 
 

For shareholders on the South African Share Register

 
 Announcement of Interim           28 November 2016 
  Dividend 
--------------------------------  -------------------------- 
 Despatch the Scrip Circular       2 December 2016 
  and Form of Election 
--------------------------------  -------------------------- 
 Announcement of Reference         2 December 2016 
  Price for the New Shares 
  and the Euro to Rand 
  Conversion Rate released 
  on SENS 
--------------------------------  -------------------------- 
 Last day to trade in              12 December 2016 
  order to be eligible 
  for the cash dividend 
  or alternatively the 
  scrip dividend 
--------------------------------  -------------------------- 
 Shares commence trading           13 December 2016 
  ex the cash dividend 
  or scrip dividend 
--------------------------------  -------------------------- 
 Record Date for SA Shareholders   15 December 2016 
--------------------------------  -------------------------- 
 Deadline by which election        12.00 noon (South African 
  to receive the New Shares         time) on 15 December 
  must have been received           2016 
  by the Transfer Secretaries 
  (Election Return Date) 
--------------------------------  -------------------------- 
 Announcement on SENS              13 January 2017 
  of the number of New 
  Shares issued 
--------------------------------  -------------------------- 
 Participant/broker accounts       20 January 2017 
  credited and/or updated 
  with the Interim Dividend 
  payment in cash and/or 
  New Shares 
--------------------------------  -------------------------- 
 Despatch scrip dividend           20 January 2017 
  share certificates, Interim 
  Dividend cheques and 
  tax vouchers 
--------------------------------  -------------------------- 
 Listing and admission             20 January 2017 
  of New Shares to trading 
  on AltX 
--------------------------------  -------------------------- 
 Interim Dividend Payment          20 January 2017 
  Date 
--------------------------------  -------------------------- 
 

Notes

The above dates and times are subject to change. Any changes will be released on RNS and SENS.

Share certificates may not be dematerialised or rematerialised, between Tuesday, 13 December and Thursday, 15 December, nor may transfers of shares between sub-registers in the United Kingdom and South Africa take place between Friday, 2 December 2016 and Friday, 16 December 2016, both days inclusive

As set out in the Scrip Dividend Alternative Circular, Sirius Real Estate today announces the Scrip Dividend Reference Prices and the Conversion Rate for the purposes of converting the Interim Dividend declared in connection with the six months ended 30 September 2016 from Euros into Rand (for Shareholders on the SA Share Register).

The Scrip Dividend Reference Prices are as follows:

   Shareholders on the UK Share Register:                                50.55 cents (Euro) 
   Shareholders on the SA Share Register:                                757.31824 cents (Rand) 

The Conversion Rate and the Dividend in Rand for Shareholders on the SA Share Register

The Conversion Rate for the purposes of calculating the Interim Dividend declared in connection with the six months ended 30 September 2016 payable to Shareholders on the SA Share Register will be 14.9733 Rand to 1 Euro.

On this basis, Shareholders on the SA Share Register will receive a gross dividend of 20.81289 cents (Rand) per Ordinary Share, which they may take in cash or in New Shares by electing to do so by way of the Scrip Dividend Alternative.

The number of New Shares, which Shareholders electing to take the Scrip Dividend Alternative will receive, are as follows:

Shareholders on the UK Share Register: 1 New Share for every 36.36691 Ordinary Shares held

Shareholders on the SA Share Register: 1 New Share for every 36.38698 Ordinary Shares held

Information for Shareholders on the SA Share Register

In accordance with the Listings Requirements of the JSE, the Company confirms that the net cash dividend received by SA Shareholders who are not exempt from dividend withholding tax of 15%, is expected to be 17.69096 cents (Rand) per Ordinary Share. The Company had 841,831,291 Ordinary Shares in issue (comprising 1,062,058 shares held in treasury and 840,769,233 shares with voting rights) on Monday, 28 November 2016, the declaration date of the dividend. The Company is incorporated in Guernsey with Company number 46442 and its tax registration number in Guernsey is 1EC.956 and its UK tax number is GB 203993015.

As set out in the Scrip Circular, South African Shareholders who have elected to receive the dividend in scrip form should not be subject to income tax on receipt of New Shares or dividend withholding tax.

For the purposes of South African shareholders, the Scrip Dividend is regarded as a foreign dividend.

The distribution of the Scrip Circular in certain jurisdictions (including the United States of America, Canada, Japan 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 Scrip 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 Scrip 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.

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

   JSE Sponsor: 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

MSCUGGBUPUPQGPP

(END) Dow Jones Newswires

December 02, 2016 07:15 ET (12:15 GMT)

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