Last checked at 23 Nov 2022 14:00
SIRIUS REAL ESTATE LIMITED
(Incorporated in Guernsey)
Company Number: 46442
JSE Share Code: SRE
LSE (GBP) Share Code: SRE
LEI: 213800NURUF5W8QSK566
ISIN Code: GG00B1W3VF54
23 November 2022
Sirius Real Estate Limited
("Sirius Real Estate", "Sirius" or the "Company")
Allotment of 2018 Long Term Incentive Plan Shares and notification of a transaction by a Person Discharging Managerial Responsibilities ("PDMR")
Further to the announcement published on 18 July 2022, Sirius Real Estate announces that awards granted on 14 June 2019 under the Sirius Real Estate Limited 2018 Long-Term Incentive Plan(the "2018 LTIP"), which vested on 13 May 2022, were exercised on 22 November 2022, in respect of the remaining 1,531,361 ordinary shares of no par value in the Company.
811,621 shares are now due to be delivered to satisfy the remaining award and a further 719,740 shares have been withheld in settlement of the participant's tax liability arising in respect of the vesting. Accordingly, 811,621 ordinary shares of no par value will be issued to the participant. Disclosure of the award made to the Person Discharging Managerial Responsibilities ("PDMR") is detailed below. The participant award will be made up of an issue of 811,621 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 1,175,863,985. 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 (GMT) and on the JSE at 9.00am (SAST), on or around 30 November 2022.
Notification of dealing forms
1. | Details of PDMR / person closely associated with them ("PCA") | |||||||
a) | Name | Andrew Coombs | ||||||
2. | Reason for the notification
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a) | Position / status | Chief Executive Officer | ||||||
b) | Initial notification / amendment | Initial notification | ||||||
3. | Details of the issuer | |||||||
a) | Name | Sirius Real Estate Limited
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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 10,611,878 shares, representing 0.90% of the Company's issued share capital. | ||||||
d) | Price(s) and volume(s) |
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e) | Date of the transaction | 22 November 2022 | ||||||
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
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JSE Sponsor PSG Capital |