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28 Jun 2018 16:00
SIRIUS REAL ESTATE LIMITED
(Incorporated in Guernsey)
Company Number: 46442
Share Code: SRE
ISIN Code: ISIN GG00B1W3VF54
28 June 2018
Sirius Real Estate Limited
("Sirius Real Estate", "Sirius" or the "Company")
NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PDMR
Notification and public disclosure of transactions by PDMRs and persons closely associated with them
Each of Andrew Coombs, CEO of Sirius, Alistair Marks, CFO and Rudiger Swoboda, Managing Director of Sirius Facilities GmbH have today surrendered, for nil cost, 4% of the awards granted to them under the Company's Long Term Incentive Plan on 9 October 2015 (the "2015 LTIP") (and which were due to vest based on performance conditions assessed in part to 2 July 2018). This is to allow awards to be made instead to 75 employees of the Sirius Real Estate group, who do not currently participate in the 2015 LTIP, none of whom is a Person Discharging Managerial Responsibilities. The numbers of shares surrendered is set out in the table below.
The Company believes this is a very positive initiative on behalf of the Executive Directors, and Mr Swoboda.
Director/PDMR | Number of shares in respect of which the LTIP award is released |
Andrew Coombs | 350,000 |
Alistair Marks | 350,000 |
Rudiger Swoboda | 56,000 |
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 | GB00B1W3VF54 | ||||||
c) | Nature of the transaction | Release for nil cost of award over ordinary shares granted under the Sirius Real Estate Limited Long-Term Incentive Plan. | ||||||
d) | Price(s) and volume(s) |
| ||||||
e) | Date of the transaction | 28 June 2018 | ||||||
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 Rule 3.66 of the Listings Requirements of the JSE Limited. | |||||||
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 / 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 | GB00B1W3VF54 | ||||||
c) | Nature of the transaction | Release for nil cost of award over ordinary shares granted under the Sirius Real Estate Limited Long-Term Incentive Plan. | ||||||
d) | Price(s) and volume(s) |
| ||||||
e) | Date of the transaction | 28 June 2018 | ||||||
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 Rule 3.66 of the Listings Requirements of the JSE Limited. | |||||||
1. | Details of PDMR / person closely associated with them ("PCA") | |||||||
a) | Name | Rudiger Swoboda | ||||||
2. | Reason for the notification
| |||||||
a) | Position / status | Managing 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 | GB00B1W3VF54 | ||||||
c) | Nature of the transaction | Release for nil cost of award over ordinary shares granted under the Sirius Real Estate Limited Long-Term Incentive Plan. | ||||||
d) | Price(s) and volume(s) |
| ||||||
e) | Date of the transaction | 28 June 2018 | ||||||
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 Rule 3.66 of the Listings Requirements of the JSE Limited. | |||||||
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