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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Sirius Real Estate Ld | LSE:ESRE | London | Ordinary Share | GG00B1W3VF54 | ORD NPV (EUR) |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.996 | 0.952 | 1.04 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMSRE
RNS Number : 9440G
Sirius Real Estate Limited
30 November 2020
SIRIUS REAL ESTATE LIMITED
(Incorporated in Guernsey)
Company Number: 46442
JSE Share Code: SRE
LSE (GBP) Share Code: SRE
LSE (EUR) Share Code: ESRE
LEI: 213800NURUF5W8QSK566
ISIN Code: GG00B1W3VF54
30 November 2020
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 (if appropriate) a Form of Election have today been posted to shareholders and are available on the Company's website: www.sirius-real-estate.com.
An overview timetable of events relating to the Scrip Dividend Alternative is set out below:
For Shareholders on the UK Share Register:
Announcement of Scrip Dividend Alternative Monday, 23 November 2020 Announcement of Reference Price for Monday, 30 November 2020 the New Shares and the Euro to Sterling Conversion Rate released on RNS ---------------------------------- Despatch the Scrip Circular and Form Monday, 30 November 2020 of Election and announce the despatch on RNS ---------------------------------- Last day to trade in order to be Wednesday, 16 December 2020 eligible for the cash dividend or alternatively the scrip dividend ---------------------------------- Shares commence trading ex the cash Thursday, 17 December 2020 dividend or scrip dividend (the UK Ex-Dividend Date) ---------------------------------- Record Date for Shareholders on the Friday, 18 December 2020 UK Share Register ---------------------------------- Deadline by which election to receive 5.00 p.m. (UK time) on Wednesday, the New Shares or election to receive 30 December 2020 dividend entitlements in Sterling must have been received by the Registrars (Election Return Date) ---------------------------------- Announcement on RNS of the number Wednesday, 13 January 2021 of New Shares issued ---------------------------------- Despatch scrip dividend share certificates, Wednesday, 20 January 2021 Dividend cheques and tax vouchers ---------------------------------- CREST accounts credited and/or updated Thursday, 21 January 2021 with the Dividend payment in cash and/or New Shares ---------------------------------- Admission of New Shares to the premium Thursday, 21 January 2021 segment of the Official List and to trading on Main Market ---------------------------------- Dividend Payment Date Thursday, 21 January 2021 ----------------------------------
For Shareholders on the SA Share Register:
Announcement of Scrip Dividend Alternative Monday, 23 November 2020 Announcement of Reference Price for Monday, 30 November 2020 the New Shares and the Euro to ZAR Conversion Rate released on SENS -------------------------------- Despatch the Scrip Circular and Form Monday, 30 November 2020 of Election and announce the despatch on SENS -------------------------------- Last day to trade in order to be Monday, 14 December 2020 eligible for the cash dividend or alternatively the scrip dividend -------------------------------- Shares commence trading ex the cash Tuesday, 15 December 2020 dividend or scrip dividend (the SA Ex-Dividend Date) -------------------------------- Announcement on SENS regarding Cash Thursday, 17 December 2020 Fractions applicable to the Scrip Dividend, by 11:00 a.m. -------------------------------- Record Date for Shareholders on the Friday, 18 December 2020 SA Share Register -------------------------------- Deadline by which election to receive 12.00 noon (South African time) the New Shares must have been received on Wednesday, 30 December 2020 by the Transfer Secretaries (Election Return Date) -------------------------------- Announcement on SENS of the number Wednesday, 13 January 2021 of New Shares to be issued -------------------------------- Execution of the conversion from Thursday, 14 January 2021 Euro to ZAR for payment of any dividends in ZAR -------------------------------- Participant/broker accounts credited Thursday, 21 January 2021 and/or updated with the Dividend payment in cash and/or New Shares -------------------------------- Despatch scrip dividend share certificates, Thursday, 21 January 2021 Dividend cheques and tax vouchers -------------------------------- Listing and admission of New Shares Thursday, 21 January 2021 to trading on the JSE -------------------------------- Dividend Payment Date Thursday, 21 January 2021 --------------------------------
The above dates and times are subject to change. Any changes will be released on RNS and SENS.
To facilitate settlement of the Dividend to entitled SA Shareholders, share certificates may not be dematerialised or rematerialised between Tuesday, 15 December 2020 (the SA Ex-Dividend Date) and Friday, 18 December 2020 (the Record Date). No transfers of Shares shall be registered in the SA Share Register, or between the SA Share Register and the UK Share Register, between Monday, 30 November 2020 (the Reference Price date) and Friday, 18 December 2020. All dates are inclusive.
The Dividend has been declared in Euro. Shareholders on the UK Share Register may choose to receive their entitlement to the Dividend in cash in either Euro or Sterling. Shareholders on the UK Share Register who do not make a valid Sterling currency election will receive any entitlement to the cash dividend in Euro. Shareholders on the SA Share Register will receive any entitlement to the cash dividend in ZAR.
The Scrip Dividend Reference Prices are as follows:
Shareholders on the UK Share Register: GBP0.87443 (Sterling) Shareholders on the SA Share Register: 1,771.50845 (ZAR cents)
Therefore, the number of New Shares which Shareholders electing to take the Scrip Dividend Alternative will receive are (subject to the treatment of any fractions) as follows:
Shareholders on the UK Share Register: 1 New Share for every 54.07730 Ordinary Shares held
Shareholders on the SA Share Register: 1 New Share for every 53.86587 Ordinary Shares held
Fractions
Where an entitlement to New Shares in relation to the Scrip Dividend Alternative as calculated in accordance with the formulae described above gives rise to a fraction of a New Share, such fractional entitlement shall be treated as follows:
Shareholders on the UK Share Register:
No fraction of a New Share will be issued to Shareholders on the UK Share Register, and the relevant amount of Dividend will be retained for the benefit of the Company.
Shareholders on the SA Share Register:
Trading in the Strate environment does not permit fractions and fractional entitlements. Any fractional entitlement will be rounded down to the nearest whole number, resulting in allocations of whole securities and a cash payment in ZAR for the fractional amount.
The Euro to Sterling Conversion Rate (UK Share Register only)
For Shareholders on the UK Share Register who make a valid Sterling currency election, the conversion rate for the purposes of calculating the Dividend for the six months ended 30 September 2020 will be a Euro to Sterling Rate of GBP0.88849.
On this basis, Shareholders on the UK Share Register who have elected to receive their entitlement to the Dividend in cash in Sterling will receive a gross dividend of GBP0.01617 (Sterling) per Ordinary Share.
Alternatively, Shareholders on the UK Share Register may elect to receive New Shares by way of the Scrip Dividend Alternative.
The Euro to ZAR Conversion Rate (SA Share Register only)
For Shareholders on the SA Share Register, the conversion rate for the purposes of calculating the Dividend authorised in connection with the period ended 30 September 2020 will be 18.07000 ZAR to 1 Euro.
The Euro to ZAR conversion for payment of the dividend in ZAR will be settled on Thursday, 14 January 2021, using the Euro to ZAR Conversion Rate which has been fixed by the Company as at the date of this announcement and the Circular.
On this basis, Shareholders on the SA Share Register will receive a gross dividend of 32.88740 (ZAR cents) 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.
Information for Shareholders on the SA Share Register
Tax
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 20%, is expected to be 26.30992 (ZAR cents) per Ordinary Share.
South African Shareholders who elect to receive the Dividend in scrip form should not be subject to income tax or dividend withholding tax on receipt of the New Shares, and the Scrip Dividend is likely to be regarded as a foreign dividend.
General information
On Monday, 23 November 2020, being the declaration date of the Dividend, the Company had in issue 1,045,351,272 Ordinary Shares carrying voting rights, and there were no shares held in treasury. 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.
Further Information
Terms used but not defined herein have the same meaning given to them as set out in the Scrip Dividend Alternative Circular ("Scrip Circular") to be dispatched on Monday, 30 November 2020.
The distribution of the Scrip Circular in certain jurisdictions (including the United States of America, Canada, Japan, New Zealand 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.
For further information: Sirius Real Estate Andrew Coombs, CEO Alistair Marks, CFO +49 (0)30 285010110 FTI Consulting (financial PR) Richard Sunderland Claire Turvey Talia Jessener (+44) 020 3727 SiriusRealEstate@fticonsulting.com 1000
JSE Sponsor
PSG Capital
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(END) Dow Jones Newswires
November 30, 2020 10:25 ET (15:25 GMT)
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