Last checked at 4 Jul 2018 15:15
SIRIUS REAL ESTATE LIMITED
(Incorporated in Guernsey)
Company Number: 46442
Share Code: SRE
ISIN Code: ISIN GG00B1W3VF54
4 July 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.
The Company announces that on Monday 2 July 2018, awards granted on 9 October 2015 under the Sirius Real Estate Limited Long Term Incentive Plan 2015 (the "2015 LTIP") vested in respect of a total of 23,094,000 ordinary shares of no par value in the Company.
Part of the award held by Andrew Coombs takes the form of a "nil-cost option" in respect of 4,000,000 vested shares which can be acquired at any time up to 2 July 2019 (or such later date as the Remuneration Committee determines up to 2 July 2020), leaving a balance of 4,400,000 shares to be taken as detailed below.
19,094,000 shares are now due to be delivered to satisfy the awards, of which 4,290,000 shares have been withheld in partial settlement of certain participants' tax liabilities arising in respect of the vesting. Accordingly, 14,804,000 ordinary shares will be issued to qualifying participants. The following shares have been acquired by PDMRs of the Company.
Director/PDMR | Number of shares due to be delivered under the LTIP award | Number of shares withheld in partial settlement of the participant's tax liability | Number of shares acquired |
Andrew Coombs | 4,400,000 | 940,000 | 3,460,000 |
Alistair Marks | 8,400,000 | 2,000,000 | 6,400,000 |
Rudiger Swoboda | 1,344,000 | 0 | 1,344,000 |
Following the issue of the new ordinary shares, the total number of voting rights in the Company will be 1,006,133,614, the number of shares in treasury will be 574,892 and the total number of ordinary shares in issue (including those in treasury) will be 1,006,708,506.
Application will be 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 UK Listing Authority and to a primary listing on the Main Board of the Johannesburg Stock Exchange ("JSE"). It is expected that admission of the new ordinary shares will take place at commencement of trade on both the LSE at 8am (BST) and on the JSE at 9am (SAST), on Monday 9 July 2018 or as soon as possible thereafter.
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 | Acquisition of shares under the 2015 Sirius Real Estate Limited Long-Term Incentive Plan. | ||||||
d) | Price(s) and volume(s) |
| ||||||
e) | Date of the transaction | 2 July 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 | Acquisition of shares under the 2015 Sirius Real Estate Limited Long-Term Incentive Plan. | ||||||
d) | Price(s) and volume(s) |
| ||||||
e) | Date of the transaction | 2 July 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 | Acquisition of shares under the 2015 Sirius Real Estate Limited Long-Term Incentive Plan. | ||||||
d) | Price(s) and volume(s) |
| ||||||
e) | Date of the transaction | 2 July 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. | |||||||
JSE Sponsor
PSG Capital
Enquiries
For further information, please contact: Sirius Real Estate |
+49 (0)30 285010110 |
Andrew Coombs, CEO Alistair Marks, CFO
| |
Tavistock | +44 (0)20 7920 3150 |
Jeremy Carey James Verstringhe Kirsty Allan | |