REG - Sirius Real Estate - Cash fraction applicable to the Scrip Dividend

Sirius Real EstateAnnouncement

15/12/2021 10:00

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RNS Number : 7283V  Sirius Real Estate Limited  15 December 2021

SIRIUS REAL ESTATE LIMITED

(Incorporated in Guernsey)

Company Number: 46442

JSE Share Code: SRE

LSE (GBP) Share Code: SRE

ISIN Code: GG00B1W3VF54

LEI: 213800NURUF5W8QSK566

 

15 December 2021

Sirius Real Estate Limited

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

Cash fraction applicable to the Scrip Dividend

Shareholders of the Company ("Shareholders") are referred to the condensed
consolidated financial results for the half-year ended 30 September 2021,
published on RNS and SENS on 8 November 2021, in which the Company declared a
cash dividend with the alternative to elect to receive a scrip dividend
("Scrip Dividend Alternative"), as well as the announcements published on RNS
and SENS on 8 November 2021 and the Shareholder Circular dated 29 November
2021, relating to the Scrip Dividend Alternative.

The attention of Shareholders is accordingly drawn to the following terms
relating to the fractions applicable to the Scrip Dividend Alternative.

Shareholders on the UK Register

Where the operation of the Scrip Dividend Alternative would result in a Share
Elector being entitled to less than one New Share (for example where that
Share Elector held a small number of Ordinary Shares) no fraction of a New
Share will be issued, and the relevant amount of authorised Dividend will be
retained for the benefit of the Company.

Shareholders on the SA Register

No fractions of a New Share will be issued to Shareholders on the SA Register.

You cannot accumulate residual entitlements or receive a fraction of a New
Share. Where you have made an election to participate in the Scrip Dividend
Alternative, which would otherwise give rise to an entitlement to a fraction
of a New Share, the number of New Shares to be received will be rounded down
and any residual entitlement which is less than the price of one New Share (as
calculated in accordance with paragraph 3 of the terms and conditions set out
in the Circular) will be paid to you in cash in Rand.

 

The cash fractional payment was determined with reference to the volume
weighted traded price on the JSE on, Tuesday, 14 December 2021 (being the date
on which the Ordinary Shares began trading on the JSE ex the cash dividend or
scrip dividend) of 2836.81306 ZAR Cents, discounted by 10% ("Fractional
Reference Price"). Shareholders are accordingly advised that the Fractional
Reference Price is 2553.13175 ZAR Cents (2836.81306 ZAR Cents discounted by
10%). The cash fractional payment may be considered to be revenue or capital
in nature and will depend on the nature of the pre-existing Ordinary Shares
held by Shareholders of the Company. The cash fractional payment is not
regarded as a dividend for South African tax purposes and will not be subject
to dividends tax. Shareholders are advised to seek their own tax advice from
an independent tax adviser should they be in any doubt as to the tax treatment
for them of any cash fractional payment.

Further Information

Terms used but not defined herein have the same meaning given to them as set
out in the Circular.

The distribution of the Circular in certain jurisdictions (including the
United States of America, Canada, Japan, New Zealand or Australia or
their respective territories or possessions (subject to applicable
exemptions)) other than the United Kingdom, South Africa and Guernsey may
be restricted by law. Accordingly, the Circular may not be distributed or
published in any jurisdiction except under circumstances that will result in
compliance with any applicable laws and regulations. Persons into whose
possession the Circular comes should inform themselves about and observe any
such restrictions. Any failure to comply with these restrictions may
constitute a violation of the securities laws of any such jurisdiction.

 For further information:

 Sirius Real Estate

 Andrew Coombs, CEO                                                               +49 (0)30 285010110

 Alistair Marks, CFO

 FTI Consulting (financial PR)

 Richard Sunderland                                                               (+44) 020 3727 1000

 Claire Turvey

 Talia Jessener

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

 

JSE Sponsor

PSG Capital

 

 

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