REG - Sirius Real Estate - Notifications of transactions by PDMRs

Sirius Real EstateAnnouncement

11/06/2025 15:00

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20250611:nRSK4372Ma&default-theme=true

RNS Number : 4372M  Sirius Real Estate Limited  11 June 2025

SIRIUS REAL ESTATE LIMITED

(Incorporated in Guernsey)

Company Number: 46442

JSE Share Code: SRE

LSE (GBP) Share Code: SRE

LEI: 213800NURUF5W8QSK566

ISIN Code: GG00B1W3VF54

 

11 June 2025

Sirius Real Estate Limited

 

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

 

Notifications of transactions by Persons Discharging Managerial
Responsibilities ("PDMRs")

 

1.    Allotment of Sirius Real Estate Limited 2021 Long Term Incentive Plan
("2021 LTIP") Shares

 

Sirius Real Estate announces that awards granted on 18 July 2022 under the
2021 LTIP vested on 23 May 2025 to 6 participants in respect of 1,852,524
ordinary shares of no par value in the Company ("Ordinary Shares"). The awards
were exercised on 10 June 2025, following which the requisite tax instructions
were obtained from the participants.

 

1,318,254 Ordinary Shares are now due to be delivered to satisfy these awards
and a further 534,270 Ordinary Shares have been withheld in settlement of
certain participants' tax liabilities arising in respect of the vesting.
Accordingly, 1,318,254 new Ordinary Shares will be issued to the relevant
participants. Disclosure of the vested awards under the 2021 LTIP in respect
of each participant who is a Person Discharging Managerial Responsibilities
("PDMRs") are detailed further at the end of this announcement.

 

Following the issue of the new Ordinary Shares, the total number of voting
rights in the Company will be 1,513,175,644. 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 equity shares (commercial companies) category 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 18 June 2025.

2.    Sirius Real Estate Limited Deferred Bonus Plan ("DBP")

 

Certain awards granted under the DBP vested on 23 May 2025 to four
participants, in respect of 635,038 Ordinary Shares. The awards were exercised
on 10 June 2025 following which the requisite tax instructions were obtained
from the participants. Disclosure of the vested awards under the DBP in
respect of each participant who is a PDMR are detailed further at the end of
this announcement.

 

518,751 Ordinary Shares are now due to be delivered by the Sirius Real Estate
Limited Employee Benefit Trust ("EBT") to the participants to satisfy these
awards under the DBP and a further 116,287 Ordinary Shares have been withheld
in settlement of certain participants' tax liabilities arising in respect of
the vesting of the awards.

No new Ordinary Shares are being issued as a result of the awards vesting
under the DBP.

3.   Sirius Real Estate Limited UK Share Incentive Plan ("UK SIP")

Certain awards granted under the UK SIP vested on 23 May 2025 to five
participants in respect of 365,176 Ordinary Shares. The awards were exercised
on 10 June 2025 following which the requisite tax instructions were obtained
from the participants. Disclosure of the vested awards under the UK SIP in
respect of the one participant who is a PDMR are detailed further at the end
of this announcement.

 

193,539 Ordinary Shares are now due to be delivered by the EBT to the
participants to satisfy these awards and a further 171,637 Ordinary Shares
have been withheld in settlement of certain participants' tax liabilities
arising in respect of the vesting of the awards.

 

No new Ordinary Shares are being issued as a result of the awards vesting
under the UK SIP.

 

Notification of dealing forms

   1.

 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 transactions                                   Acquisition of new ordinary shares issued and transfer of shares from the EBT
                                                                  to satisfy awards made under the 2021 LTIP and the DBP, respectively.

                                                                  Following these transactions, Mr. Coombs and his PCAs hold a beneficial
                                                                  interest in 12,661,146 ordinary shares, representing 0.84% of the Company's
                                                                  issued share capital.
 d)  Price(s) and                                                 Price(s)  Volume(s)       Total(s)

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

                                                                  0.9710    (LTIP) 715,156  694,416.48
                                                                  0.9710    (DBP) 308,959   299,999.19

 

 e)  Date of the transactions                                     10 June 2025 (exercise date)
 f)  Place of the transactions                                    Outside a trading venue (off market)
 g)  Nature and extent of interest in the transactions            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 transactions

10 June 2025 (exercise date)

f)

Place of the transactions

Outside a trading venue (off market)

g)

Nature and extent of interest in the transactions

Direct, beneficial

h)

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

 

2.

 1.  Details of PDMR / person closely associated with them ("PCA")
 a)  Name                                                         Chris Bowman
 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                                          GG00B1W3VF54
 c)  Nature of the transaction                                    Acquisition of new ordinary shares issued to satisfy an award made under the
                                                                  DBP.

                                                                  Following this transaction, Mr. Bowman and his PCAs hold a beneficial interest
                                                                  in 275,786 ordinary shares, representing 0.018% of the Company's issued share
                                                                  capital.
 d)  Price(s) and                                                 Price(s)  Volume(s)  Total(s)

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

                                                                  0.9710    67,647     65,685.24

 

 e)  Date of the transaction                                      10 June 2025 (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

10 June 2025 (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.

 

3.

 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 ordinary shares issued to satisfy an award made under the
                                                                  2021 LTIP.

                                                                  Following this transaction, Mr. Swoboda holds a beneficial interest in
                                                                  2,171,100 ordinary shares, representing 0.14% of the Company's issued share
                                                                  capital.
 d)  Price(s) and                                                 Price(s)  Volume(s)  Total(s)

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

                                                                  0.9710    163,836    159,084.76
 e)  Date of the transaction                                      10 June 2025 (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

10 June 2025 (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.

 

4.

 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 ordinary shares issued to satisfy an award made under the
                                                                  2021 LTIP.

                                                                  Following this transaction, Mrs Wissel holds a beneficial interest in
                                                                  1,214,925 ordinary shares, representing 0.08% of the Company's issued share
                                                                  capital.
 d)  Price(s) and                                                 Price(s)  Volume(s)  Total(s)

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

                                                                  0.9710    163,835    159,083.79
 e)  Date of the transaction                                      10 June 2025 (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

10 June 2025 (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.

 

5.

 1.  Details of PDMR
 a)  Name                                                         Tariq Khader
 2.  Reason for the notification

 a)  Position / status                                            Chief Investment 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 transactions                                   Transfer of ordinary shares from the EBT to satisfy the exercise of awards
                                                                  made under the DBP and the UK SIP, respectively.

                                                                  Following these transactions, Mr. Khader holds a beneficial interest in
                                                                  237,498 ordinary shares, representing 0.016% of the Company's issued share
                                                                  capital.
 d)  Price(s) and                                                 Price(s)  Volume(s)        Total(s)

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

                                                                  0.9710    (DBP) 35,285     34,261.74
                                                                  0.9710    (UK SIP) 48,385  46,981.84
 e)  Date of the transactions                                     10 June 2025 (exercise date)
 f)  Place of the transactions                                    Outside a trading venue (off market)
 g)  Nature and extent of interest in the transactions            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 transactions

10 June 2025 (exercise date)

f)

Place of the transactions

Outside a trading venue (off market)

g)

Nature and extent of interest in the transactions

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                                                               +44 (0) 20 3059 0855

 Chris Bowman, CFO

 FTI Consulting (financial PR)

 Richard Sunderland                                                               +44 (0)20 3727 1000

 James McEwan

 Ellie Smith

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

 JSE Sponsor

 PSG Capital

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  DSHBDGDLSGBDGUB