REG - Sirius Real Estate - Allotment of 2018 Long Term Incentive Plan Shares

Sirius Real EstateAnnouncement

23/11/2022 14:00

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RNS Number : 3619H  Sirius Real Estate Limited  23 November 2022

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

 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
                                                                  10,611,878 shares, representing 0.90% of the Company's issued share capital.
 d)  Price(s) and                                                 Price(s)  Volume(s)  Total(s)

     volume(s)
                                                                  (p/GBP)              (p/GBP)

                                                                  Nil       811,621    0.00
 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.

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                                                               +49 (0)30 285010110

 Alistair Marks, CIO and Interim CFO

 FTI Consulting (financial PR)

 Richard Sunderland                                                               +44 (0)20 3727 1000

 James McEwan

 Talia Shirion

 SiriusRealEstate@fticonsulting.com (mailto:SiriusRealEstate@fticonsulting.com)

 JSE Sponsor

 PSG Capital

 

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