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SRE - Sirius Real Estate News Story

71.9p 0.4  0.6%

Last Trade - 17/09/19

Mid Cap
Market Cap £737.1m
Enterprise Value £1.02bn
Revenue £124.0m
Position in Universe 476th / 1830

Sirius Real Estate - Allotment of Scrip Dividend

Wed 14th August, 2019 11:15am
RNS Number : 0386J
Sirius Real Estate Limited
14 August 2019


14 August 2019

Sirius Real Estate Limited

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

Allotment of Scrip Dividend

Sirius Real Estate is pleased to confirm the allotment and issue of 8,774,368 ordinary shares to the Company's shareholders who elected to receive ordinary shares under the Scrip Dividend Programme as an alternative to receiving in cash the final dividend declared in respect of the period ended 31 March 2019, payable on 22 August 2019. The total final dividend amount payable is €17,683,037.14, of which €11,527,845.64 is payable in cash and €6,155,191.50 by way of the issue of the new ordinary shares. The Company's Employee Benefit Trust has waived its right to the dividend, reducing the cash amount that will be paid to €11,501,895.64.

Following the issue of the new ordinary shares, the total number of voting rights in the Company will be 1,030,915,243. There are no shares held in Treasury.

Application will be 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 premium segment of the Official List of the UK Listing Authority and to be listed on the main board of the Johannesburg Stock Exchange ("JSE"). It is expected that admission of the new ordinary shares will take place at commencement of trade on both the LSE at 8am (BST) and on the JSE at 9am (SAST), on 22 August 2019.


For further information:

Sirius Real Estate

Andrew Coombs, CEO

Alistair Marks, CFO


+49 (0)30 285010110 


Peel Hunt - Joint UK Bookrunner

Capel Irwin
Harry Nicholas

+44 (0)20 7418 8900


Berenberg - Joint UK Bookrunner

Chris Bowman
Toby Flaux

+44 (0)20 3207 7800

PSG Capital - Sole SA Bookrunner

David Tosi

Willie Honeyball


+27 (0)21 887 9602



Jeremy Carey

James Verstringhe

Charlotte Dale

+44 (0)20 7920 3150


About Sirius Real Estate


Sirius is a property company listed on the main market and premium segment of the London Stock Exchange and the main board of the Johannesburg Stock Exchange.  It is a leading operator of branded business parks providing conventional space and flexible workspace in Germany. The Company's core strategy is the acquisition of business parks at attractive yields, the integration of these business parks into its network of sites under the Company's own name as well as offering a range of branded products within those sites, and the reconfiguration and upgrade of existing and vacant space to appeal to the local market, through intensive asset management and investment. The Company's strategy aims to deliver attractive returns for shareholders by increasing rental income and improving cost recoveries and capital values, as well as by enhancing those returns through financing its assets on favourable terms. Once sites are mature and net income and values have been optimised, the Company may take the opportunity to refinance the sites to release capital for investment in new sites or consider the disposal of sites in order to recycle equity into assets which present greater opportunity for the asset management skills of the Company's team.

For more information, please visit:

Follow us on LinkedIn at

Follow us on Twitter at @SiriusRE


LEI: 213800NURUF5W8QSK566


JSE Sponsor

PSG Capital

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