Sirius Real Estate Limited Allotment of New Shares (0592S)

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   [phone] 
 
Tavistock 
 Jeremy Carey 
 James Verstringhe     [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.

LEI: 213800NURUF5W8QSK566

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 [e-mail] or visit www.rns.com.

END

DSHCKADQBBKDKNK

(END) Dow Jones Newswires

March 06, 2019 10:10 ET (15:10 GMT)