REG - Sirius Real Estate - Director/PDMR Shareholding

Sirius Real EstateAnnouncement

14/06/2019 15:10

RNS Number : 3685C
Sirius Real Estate Limited
14 June 2019
 


14 June 2019
SIRIUS REAL ESTATE LIMITED
(Incorporated in Guernsey)
Company Number: 46442
JSE Share Code: SRE
LSE (EUR) Share Code: ESRE
LSE (GBP) Share Code: SRE
ISIN Code: ISIN GG00B1W3VF54
Sirius Real Estate Limited
(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 confirms that on 14 June 2019 it granted the "2019 Awards" under the Sirius Real Estate Long Term Incentive Plan 2018 (the "LTIP"), including awards granted to its Executive Directors and other Person Discharging Managerial Responsibilities.
Each award granted to the Executive Directors and other Person Discharging Managerial Responsibilities has been granted in the form of a Nil-Cost Option and consists of an "Ordinary Award" and an "Outperformance Award" as described in the circular relating to the General Meeting. 




Director/PDMR


Number of shares subject to Ordinary Award


Number of shares subject to Outperformance Award




Andrew Coombs


1,200,000


300,000




Alistair Marks


1,200,000


300,000




Rüdiger Swoboda


360,000


90,000




Each award is subject to a performance condition assessed over the four financial years of the Company starting with the financial year ending 31 March 2019.  Subject to the rules of the LTIP and to the satisfaction of the performance condition, the awards will vest following the assessment of the performance condition but will not be "released" until the end of a further two year holding period. 
 
 
 




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


Grant of nil-cost option over ordinary shares under the Sirius Real Estate 2018 Long Term Incentive Plan.
Mr. Coombs currently has a beneficial interest in 8,888,349 shares, representing 0.87% of the issued share capital.




d)


Price(s) and
volume(s)






Price(s)


Volume(s)




N/A


1,200,000 (Ordinary Award)




N/A


300,000 (Outperformance Award)




 




e)


Price(s) and
volume(s)






Price(s)
(p/GBP)
 


Volume(s)


Total(s)
(p/GBP)




n/a


1,200,000


Nil




n/a


300,000


Nil




 




f)


Date of the transaction


14 June 2019




g)


Place of the transaction


Outside a trading venue (off market)




h)


Nature and extent of interest in the transaction


Direct, beneficial




i)


Clearance to deal in these securities was obtained in accordance with paragraph 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


Grant of nil-cost option over ordinary shares under the Sirius Real Estate 2018 Long Term Incentive Plan.
Mr. Marks currently has a beneficial interest in 7,070,828 shares, representing 0.69% of the issued share capital.




d)


Price(s) and
volume(s)






Price(s)


Volume(s)




N/A


1,200,000 (Ordinary Award)




N/A


300,000 (Outperformance Award)




 




e)


Price(s) and
volume(s)






Price(s)
(p/GBP)
 


Volume(s)


Total(s)
(p/GBP)




n/a


1,200,000


Nil




n/a


300,000


Nil




 




f)


Date of the transaction


14 June 2019




g)


Place of the transaction


Outside a trading venue (off market)




h)


Nature and extent of interest in the transaction


Direct, beneficial




i)


Clearance to deal in these securities was obtained in accordance with paragraph 3.66 of the Listings Requirements of the JSE Limited. 




 
 




1.


Details of PDMR / person closely associated with them ("PCA")




a)


Name


Rüdiger Swoboda




2.


Reason for the notification




a)


Position / status


Group Sales 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


Grant of nil-cost option over ordinary shares under the Sirius Real Estate 2018 Long Term Incentive Plan.
Mr. Swoboda currently has a beneficial interest in 1,139,346 shares representing 0.11% of the issued share capital.
 




d)


Price(s) and
volume(s)






Price(s)


Volume(s)




N/A


360,000 (Ordinary Award)




N/A


90,000 (Outperformance Award)




 




e)


Price(s) and
volume(s)






Price(s)
(p/GBP)
 


Volume(s)


Total(s)
(p/GBP)




n/a


360,000


Nil




n/a


90,000


Nil




 




f)


Date of the transaction


14 June 2019




g)


Place of the transaction


Outside a trading venue (off market)




h)


Nature and extent of interest in the transaction


Direct, beneficial




i)


Clearance to deal in these securities was obtained in accordance with paragraph 3.66 of the Listings Requirements of the JSE Limited. 




 
Enquiries




For further information:
 
Sirius Real Estate
Andrew Coombs, CEO
Alistair Marks, CFO


+49 (0)30 285010110




 
Tavistock
Jeremy Carey
James Verstringhe
Charlotte Dale


+44 (0)20 7920 3150




 
LEI: 213800NURUF5W8QSK566
 
JSE Sponsor
PSG Capital
 




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