Sirius Real Estate Limited Allotment of 2018 Long Term Incentive Plan Shares (3035I)

TIDMSRE

RNS Number : 3035I

Sirius Real Estate Limited

11 August 2021

SIRIUS REAL ESTATE LIMITED

(Incorporated in Guernsey)

Company Number: 46442

JSE Share Code: SRE

LSE (GBP) Share Code: SRE

LEI: 213800NURUF5W8QSK566

ISIN Code: GG00B1W3VF54

11 August 2021

Sirius Real Estate Limited

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

Allotment of 2018 Long Term Incentive Plan Shares and notification of transactions by Persons Discharging Managerial Responsibilities ("PDMRs")

Sirius Real Estate previously announced that awards granted to participants under the Sirius Real Estate Limited Long Term Incentive Plan 2018 (the " 2018 LTIP ") vested on 21 May 2021 in respect of 4,700,000 ordinary shares of no par value in the Company, of which 2,700,000 nil-cost options were exercised on 21 June 2021.

The remaining 2,000,000 2018 LTIP nil-cost options have now been exercised and disclosure of the 2018 LTIP awards made to the Persons Discharging Managerial Responsibilities (" PDMRs ") are detailed below. The participant awards will be made up of an issue of 1,327,550 new ordinary shares of no par value in the Company and a further 672,450 shares have been withheld in settlement of a participant's (Alistair Marks) tax liabilities arising in respect of the vesting.

Following the issue of the new ordinary shares, the total number of voting rights in the Company will be 1,056,083,077. There are no shares held in Treasury.

Application has been 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 Financial Conduct Authority and to be listed on the main board of the JSE Limited ("JSE"). It is expected that admission of the new ordinary shares will take place at commencement of trade on both the LSE at 8.00am (BST) and on the JSE at 9.00am (SAST), on or around 19 August 2021.

Notification of dealing forms

 
1.  Details of PDMR / person closely associated with them ("PCA") 
a)  Name                       Andrew Coombs 
    -------------------------  --------------------------------------------- 
2.  Reason for the notification 
    ------------------------------------------------------------------------ 
a)  Position / status          Chief Executive Officer 
    -------------------------  --------------------------------------------- 
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        GG00B1W3VF54 
    -------------------------  --------------------------------------------- 
c)  Nature of the transaction 
                                 Acquisition of new shares issued to 
                                 satisfy the exercise of nil-cost options 
                                 relating to an award made under the 
                                 2018 LTIP. 
 
                                 Following this transaction, Mr. Coombs 
                                 holds a beneficial interest in 8,511,256 
                                 shares, representing 0.81% of the Company's 
                                 issued share capital. 
    -------------------------  --------------------------------------------- 
d)  Price(s) and                Price(s)   Volume(s)        Total(s) 
     volume(s)                    (p/GBP)                     (p/GBP) 
                                     NIL    500,000 Shares   N/A 
                                           ---------------  --------- 
    -------------------------  --------------------------------------------- 
e)  Date of the transaction    19 August 2021 
    -------------------------  --------------------------------------------- 
f)  Place of the transaction   Outside a 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 paragraph 3.66 of the JSE Listings Requirements. 
    ------------------------------------------------------------------------ 
 
 
1.  Details of PDMR / person closely associated with them ("PCA") 
a)  Name                       Alistair Marks 
    -------------------------  --------------------------------------------- 
2.  Reason for the notification 
    ------------------------------------------------------------------------ 
a)  Position / status          Chief Financial Officer 
    -------------------------  --------------------------------------------- 
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        GG00B1W3VF54 
    -------------------------  --------------------------------------------- 
c)  Nature of the transaction 
                                 Acquisition of new shares issued to 
                                 satisfy the exercise of nil-cost options 
                                 relating to an award made under the 
                                 2018 LTIP. 
 
                                 Following this transaction, Mr. Marks 
                                 holds a beneficial interest in 6,586,628 
                                 shares, representing 0.62% of the Company's 
                                 issued share capital. 
    -------------------------  --------------------------------------------- 
d)  Price(s) and                Price(s)   Volume(s)        Total(s) 
     volume(s)                    (p/GBP)                     (p/GBP) 
                                     NIL    827,550 Shares   N/A 
                                           ---------------  --------- 
    -------------------------  --------------------------------------------- 
e)  Date of the transaction    19 August 2021 
    -------------------------  --------------------------------------------- 
f)  Place of the transaction    Outside a 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 paragraph 3.66 of the JSE Listings Requirements. 
    ------------------------------------------------------------------------ 
 
 
 For further information: 
 
  Sirius Real Estate 
  Andrew Coombs, CEO 
  Alistair Marks, CFO                     [phone] 
 
 FTI Consulting (financial 
  PR) 
  Richard Sunderland 
  Claire Turvey 
  Talia Jessener 
                                          [phone] 
  [e-mail]      1000 
 
 JSE Sponsor 
  PSG Capital 
 

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August 11, 2021 09:00 ET (13:00 GMT)