REG - Sirius Real Estate - Results of Dividend Reinvestment Plan

Sirius Real EstateAnnouncement

07/02/2025 15:00

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RNS Number : 3970W  Sirius Real Estate Limited  07 February 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

 

7 February 2025

Sirius Real Estate Limited

 

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

 

Results of Dividend Reinvestment Plan

Shareholders are referred to the Company's financial results announcement for
the six months ended 30 September 2024 and the announcement titled "Cash
Dividend And Offer Of Dividend Reinvestment Plan" (the "Finalisation
Announcement"), both published on SENS on 18 November 2024 (the
"Announcements"), containing, inter alia, details of the cash dividend
declared by the Company for the six-month period ended 30 September 2024 (the
"Cash Dividend"), and advising shareholders of the Dividend Reinvestment Plan
("DRIP") alternative.

As indicated in the Announcements, shareholders could elect to receive their
Cash Dividend in the form of Sirius ordinary shares ("Shares"), failing which
the dividend would be paid out in cash on 23 January 2025. The deadline for
receipt of the DRIP elections was 30 December 2024.

Following the respective DRIP share purchase settlement dates as set out in
the Finalisation Announcement, the Company hereby advises that:

-    Shareholders on United Kingdom ("UK") share register holding 2.7
million Shares or 0.18% of Sirius' issued share capital as at 13 December 2024
(UK record date), and who qualified to receive the Cash Dividend, elected to
receive Shares in terms of the DRIP, resulting in the purchase of 81,958
Shares in the market at an average price of £0.7740 per share and their
delivery to such electing shareholders.

 

-    Shareholders on the South African ("SA") share register holding 48.0
million Shares or 3.18% of Sirius' issued share capital as at 13 December 2024
(SA record date), and who qualified to receive the Cash Dividend, elected to
receive Shares in terms of the DRIP, resulting in the purchase of 1,381,364
Shares in the market at an average price of R18.36865 per share and their
delivery to such electing shareholders.

As the Shares settled on shareholders pursuant to the DRIP were purchased in
the market and not newly issued by the Company, the Company's total issued
share capital remains 1,511,857,390 Shares of no par value. The Company does
not hold any Shares in treasury.

The total Cash Dividend amount payable for the six months ended 30 September
2024 was €46,025,880.54 of which €44,720,096.26 was paid in cash and the
cash equivalent of €1,553,784.28 was satisfied through the delivery of
Shares pursuant to the DRIP. The Company's Employee Benefit Trust has waived
its right to the Cash Dividend.

 

For further information:                +44 (0) 20 3059 0855

Sirius Real Estate

Andrew Coombs, CEO

Chris Bowman, CFO

 

FTI Consulting (financial PR)

Richard Sunderland                        +44 (0)20
3727 1000

James McEwan

Ellis Smith

 

SiriusRealEstate@fticonsulting.com

 

JSE Sponsor

PSG Capital

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