Last checked at 8 Jun 2023 15:00
SIRIUS REAL ESTATE LIMITED
(Incorporated in Guernsey)
Company Number: 46442
JSE Share Code: SRE
LSE (GBP) Share Code: SRE
LEI: 213800NURUF5W8QSK566
ISIN Code: GG00B1W3VF54
8 June 2023
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 announces that awards granted on 15 June 2020 under the Sirius Real Estate Limited Long Term Incentive Plan 2018 (the "2018 LTIP") vested on 22 May 2023 to 6 participants in respect of 3,100,000 ordinary shares of no par value in the Company. The awards were exercised on5 June 2023, following which the requisite tax directives were obtained.
1,859,000 shares are now due to be delivered to satisfy these awards and a further 1,241,000 shares have been withheld in partial settlement of certain participants' tax liabilities arising in respect of the vesting. Accordingly, 1,859,000 ordinary shares of no par value will be issued to qualifying participants. Disclosure of the awards made to the Persons Discharging Managerial Responsibilities ("PDMRs") are detailed below. The participant awards will be made up of an issue of 1,859,000 new ordinary shares of no par value in the Company.
Following the issue of the new ordinary shares, the total number of voting rights in the Company will be 1,177,722,985. 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 15 June 2023.
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 / amendment | Initial notification | ||||||
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 financial instrument, type of instrument | Ordinary shares of no par value. | ||||||
b) | Identification code | GG00B1W3VF54 | ||||||
c) | Nature of the transaction | Acquisition of new shares issued to satisfy an award made under the 2018 LTIP.
Following this transaction, Mr. Coombs holds a beneficial interest in 11,471,705 shares, representing 0.97% of the Company's issued share capital. | ||||||
d) | Price(s) and volume(s) |
| ||||||
e) | Date of the transaction | 5 June 2023 (exercise date) | ||||||
f) | Place of the transaction | Outside a trading venue (off market) | ||||||
g) | Nature and extent of interest in the transaction | Direct, beneficial | ||||||
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 Investment Officer and interim Chief Financial Officer | ||||||
b) | Initial notification / amendment | Initial notification | ||||||
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 financial instrument, type of instrument | Ordinary shares of no par value. | ||||||
b) | Identification code | GG00B1W3VF54 | ||||||
c) | Nature of the transaction | Acquisition of new shares issued to satisfy an award made under the 2018 LTIP.
Following this transaction, Mr. Marks holds a beneficial interest in 7,205,046 shares, representing 0.61% of the Company's issued share capital. | ||||||
d) | Price(s) and volume(s) |
| ||||||
e) | Date of the transaction | 5 June 2023 (exercise date) | ||||||
f) | Place of the transaction | Outside a trading venue (off market) | ||||||
g) | Nature and extent of interest in the transaction | Direct, beneficial | ||||||
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 | Rüdiger Swoboda | ||||||
2. | Reason for the notification
| |||||||
a) | Position / status | Chief Operating Officer | ||||||
b) | Initial notification / amendment | Initial notification | ||||||
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 financial instrument, type of instrument | Ordinary shares of no par value. | ||||||
b) | Identification code | GG00B1W3VF54 | ||||||
c) | Nature of the transaction | Acquisition of new shares issued to satisfy an award made under the 2018 LTIP.
Following this transaction, Mr. Swoboda holds a beneficial interest in 1,756,987 shares, representing 0.15% of the Company's issued share capital. | ||||||
d) | Price(s) and volume(s) |
| ||||||
e) | Date of the transaction | 5 June 2023 (exercise date) | ||||||
f) | Place of the transaction | Outside a trading venue (off market) | ||||||
g) | Nature and extent of interest in the transaction | Direct, beneficial | ||||||
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 | Kremena Wissel | ||||||
2. | Reason for the notification
| |||||||
a) | Position / status | Chief Marketing & Impact Officer | ||||||
b) | Initial notification / amendment | Initial notification | ||||||
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 financial instrument, type of instrument | Ordinary shares of no par value. | ||||||
b) | Identification code | GG00B1W3VF54 | ||||||
c) | Nature of the transaction | Acquisition of new shares issued to satisfy an award made under the 2018 LTIP.
Following this transaction, Mrs Wissel holds a beneficial interest in 1,136,947 shares, representing 0.09% of the Company's issued share capital. | ||||||
d) | Price(s) and volume(s) |
| ||||||
e) | Date of the transaction | 5 June 2023 (exercise date) | ||||||
f) | Place of the transaction | Outside a trading venue (off market) | ||||||
g) | Nature and extent of interest in the transaction | Direct, beneficial | ||||||
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 | Craig Hoskins | ||||||
2. | Reason for the notification
| |||||||
a) | Position / status | Asset Management Director | ||||||
b) | Initial notification / amendment | Initial notification | ||||||
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 financial instrument, type of instrument | Ordinary shares of no par value. | ||||||
b) | Identification code | GG00B1W3VF54 | ||||||
c) | Nature of the transaction | Acquisition of new shares issued to satisfy an award made under the 2018 LTIP.
Following this transaction, Mr. Hoskins holds a beneficial interest in 652,939 shares, representing 0.05% of the Company's issued share capital. | ||||||
d) | Price(s) and volume(s) |
| ||||||
e) | Date of the transaction | 5 June 2023 (exercise date) | ||||||
f) | Place of the transaction | Outside a trading venue (off market) | ||||||
g) | Nature and extent of interest in the transaction | Direct, beneficial | ||||||
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, CIO and Interim CFO |
+49 (0)30 285010110 |
FTI Consulting (financial PR) Richard Sunderland James McEwan Talia Shirion SiriusRealEstate@fticonsulting.com |
+44 (0)20 3727 1000
|
JSE Sponsor PSG Capital |