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

Sirius Real EstateAnnouncement

08/06/2023 15:00

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RNS Number : 1506C  Sirius Real Estate Limited  08 June 2023

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 on

5 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                                                 Price(s)  Volume(s)  Total(s)

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

                                                                  Nil       700,000    0.00
 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.

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                                                 Price(s)  Volume(s)  Total(s)

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

                                                                  Nil       550,000    0.00
 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.

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                                                 Price(s)  Volume(s)  Total(s)

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

                                                                  Nil       214,000    0.00
 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.

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                                                 Price(s)  Volume(s)  Total(s)

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

                                                                  Nil       131,250    0.00
 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.

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                                                 Price(s)  Volume(s)  Total(s)

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

                                                                  Nil       131,250    0.00
 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.

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                                                               +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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