REG - Sirius Real Estate - Director/PDMR Shareholding

Sirius Real EstateAnnouncement

15/01/2019 15:15

RNS Number : 1609N
Sirius Real Estate Limited
15 January 2019
 


15 January 2019
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.
Following the approval by the Company's shareholders of the Sirius Real Estate Long Term Incentive Plan 2018 (the "LTIP") at the General Meeting on 5 December, the Company confirms that on 15 January 2019 it granted the "2018 Awards" under 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


400,000


100,000



Each award is subject to a performance condition assessed over the three financial years of the Company ending on 30 March 2021.  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 9,850,368 shares, representing 0.97% 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 January 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 Rule 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 7,028,568 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 January 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 Rule 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


Managing Director Sirius Facilities GmbH




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


400,000 (Ordinary Award)




N/A


100,000 (Outperformance Award)








e)


Price(s) and
volume(s)





Price(s)
(p/GBP)
 


Volume(s)


Total(s)
(p/GBP)




n/a


400,000


Nil




n/a


100,000


Nil








f)


Date of the transaction


14 January 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 Rule 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
Kirsty Allan


+44 (0)20 7920 3150



 
LEI: 213800NURUF5W8QSK566
 
JSE Sponsor
PSG Capital
 




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