REG - Sirius Real Estate - Board Changes

Sirius Real EstateAnnouncement

28/05/2024 07:00

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RNS Number : 9543P  Sirius Real Estate Limited  28 May 2024

SIRIUS REAL ESTATE LIMITED

(Incorporated in Guernsey)

Company Number: 46442

JSE Share Code: SRE

LSE (GBP) Share Code: SRE

LEI: 213800NURUF5W8QSK566

ISIN Code: GG00B1W3VF54

 

28 May 2024

Sirius Real Estate Limited

("Sirius Real Estate" or the "Company")

Board Changes

Sirius Real Estate, the leading operator of branded business and industrial
parks providing conventional space and flexible workspace in Germany and the
UK, announces that James Peggie will step down as an independent non-executive
director of the Company at the conclusion of the upcoming annual general
meeting in June 2024 ("2024 AGM") and that Deborah Davis will join the
Company's Board as an independent non-executive director, with effect from 1
December 2024.

 

Deborah Davis

 

Deborah spent her executive career in Sales, Marketing, Customer experience
and Operations at some of the world's largest technology businesses including
senior roles at PayPal, eBay, Symantec and Verizon Business. She holds an
engineering honours degree in Applied Science (Electronics) from the
University of Melbourne, a Masters degree in Science Management with
Distinction from London Business School and is a Chartered Director (CDir).

 

Deborah is on the board of two listed companies, as Chair of diagnostic data
and analytics company Diaceutics plc and Remuneration Committee Chair and
Non-executive Director of consumer credit company International Personal
Finance plc. She is also a Non-executive Director of Lloyds Banking Group
Insurance/Scottish Widows Insurance Limited and was formerly a Non-executive
Director of The Institute of Directors  and of Norwegian listed biometrics
company IDEX Biometrics ASA. She is also a trustee of the Southern African
Conservation Trust.

 

James Peggie

 

James Peggie will step down from the Board and the Audit, Nomination and
Remuneration Committees with effect from the conclusion of the 2024 AGM. James
has been on the Board of Sirius since November 2012, and has been an
outstanding steward of the Company, having overseen its transformation from an
AIM-listed £60 million market capitalisation company to the £1.3 billion
FTSE 250 and SAPY-indexed company it is today. During his tenure, James was
Senior Independent Director for five years, chair of Sirius' Remuneration
Committee for six years and also stood in twice as Board Interim Chair.

 

Commenting on the Board changes, Daniel Kitchen, Chair of Sirius Real Estate,
said: "Deborah has impressive credentials as a respected board member across a
range of listed, private and social enterprise organisations. She specifically
brings a wealth of experience in growth, change and digital transformation in
some of the largest technology companies in the world and will provide
valuable insights as we continue to develop the use of technology in our
business parks and our operating platform, as well as with helping us optimise
our impact on society.  We are confident that Deborah will be a valuable
addition to our Board.

James has made an outstanding contribution to the Board during his tenure
which started in 2012 when the company was a £60 million AIM-listed
company.  He has acted as Senior Independent Director, Interim Board Chair,
chair of the Remuneration Committee and as a Member of the Audit and
Nomination Committees. We thank him for his incredible support to the Company
and the management team over the last 12 years."

The announcement has been made in accordance with requirements of the Listing
Rule 9.6.11R of the Listing Rules published by the Financial Conduct Authority
(the "Listing Rules") and paragraph 3.59 of the JSE Limited ("JSE") Listings
Requirements.

For the purposes of LR 9.6.13R of the Listing Rules and paragraph 3.59 of the
JSE Listings Requirements, Deborah Davis is currently a non-executive director
of Diaceutics plc and International Personal Finance plc and was in the past
five years a non-executive director of IDEX Biometrics ASA.

No further disclosures are required under LR 9.6.13R of the Listing Rules and
paragraph 3.59 of the JSE Listings Requirements with respect to this
appointment.

Deborah Davis and any 'persons closely associated' with her, have no
beneficial interest in the Company's ordinary shares of no par value as at the
date of this announcement.

ENDS

For further information:

Sirius Real Estate

Andrew Coombs, CEO / Chris Bowman, CFO

+49 (0) 30 285010110

 

FTI Consulting (Financial PR)

Richard Sunderland / James McEwan / Talia Shirion / Millie James

+44 (0) 20 3727 1000

SiriusRealEstate@fticonsulting.com

 

NOTES TO EDITORS

About Sirius Real Estate

Sirius is a property company listed on the main and premium market of the
London Stock Exchange and the main board of the JSE. It is a leading owner and
operator of branded business and industrial parks providing conventional space
and flexible workspace in Germany and the U.K. As of 30 September 2023, the
Group's portfolio comprised 139 assets let to 9,248 tenants with a total book
value of over €2 billion, generating a total annualised rent roll of
€184.2 million. Sirius also holds a 35% stake in Titanium, its €350+
million German-focused joint venture with clients of AXA IM Alts.

 

The Company's strategy centres on acquiring business parks at attractive
yields and integrating them into its network of sites - both under the Sirius
and BizSpace names and alongside a range of branded products. The business
then seeks to reconfigure and upgrade existing and vacant space to appeal to
the local market via intensive asset management and investment and may then
choose to refinance or dispose of assets selectively once they meet maturity,
to release capital for new investment. This active approach allows the Company
to generate attractive returns for shareholders through growing rental income,
improving cost recoveries and capital values, and enhancing returns through
securing efficient financing terms.

 

For more information, please visit: www.sirius-real-estate.com
(http://www.sirius-real-estate.com/)

 

Follow us on LinkedIn at https://www.linkedin.com/company/siriusrealestate/
(https://www.linkedin.com/company/siriusrealestate/)

 

Follow us on X (Twitter) at @SiriusRE

 

 

 

JSE Sponsor

PSG Capital

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