Additional Euro Quotation

RNS Number : 1184D

Sirius Real Estate Limited

05 October 2018

 

5 October 2018

Sirius Real Estate Limited

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

Additional Euro Quotation

Sirius Real Estate, the leading operator of branded business parks providing conventional space and flexible workspace in Germany, announces that it intends to introduce an additional market quote in Euro (the "Euro Quote") for its existing ordinary shares traded on the London Stock Exchange. This Euro Quote will exist alongside the Company's existing Sterling market quote on the London Stock Exchange and its Rand quote for shares traded on the Johannesburg Stock Exchange.

For the avoidance of doubt, there will be no changes to the legal form or nature of the Company's shares nor to the reporting currency of the Company's financial statements, which will remain in Euros.  

The Board believes that the addition of the Euro Quote on the London Stock Exchange will provide an additional option for potential investors, which may broaden the ownership of the Company's ordinary shares and enhance their liquidity in the secondary market.

The Company has made an application to the London Stock Exchange for admission to trading in Euros on the Premium Segment of its Main Market of 1,009,996,718 shares in issue (including 574,892 held in Treasury). Admission of the Euro Quote is expected to occur with effect from 8am on 10 October 2018.

As set out below:

·    the existing ISIN will apply for both the Euro Quote and the Sterling Quote;

·    the existing SEDOL and Ticker will continue to apply for the Sterling Quote;

·    a new SEDOL and Ticker will be introduced for the Euro Quote;

·    there will not be any change to the ISIN, SEDOL or Ticker on the JSE;

	Existing Sterling Quote on London Stock Exchange	Additional quote in Euros on London Stock Exchange	Existing Rand Quote on Johannesburg Stock Exchange
ISIN	GG00B1W3VF54	GG00B1W3VF54	GG00B1W3VF54
SEDOL	B1W3VF	BGV5TY2	BSZM3Q3 ZA
Ticker	SRE.LN	ESRE.LN	SRE.SJ

All dividends will continue to be declared in Euros and the default currency for dividend payments will remain Euros for shareholders on the UK Share Register and Rands on the South African Share Register.  Dividends will continue to be paid in cash on a semi-annual basis and shareholders on the UK Share Register may also be offered the option to elect for dividends to be paid in Sterling.  Any future offering of scrip dividend alternatives will be unaffected by these changes.

For further information:

Sirius Real Estate

Andrew Coombs, CEO

Alistair Marks, CFO

[phone]

Tavistock (financial PR)

Jeremy Carey

James Verstringhe

Kirsty Allan

[phone]

[e-mail]

NOTES TO EDITORS

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: www.sirius-real-estate.com

Follow us on LinkedIn at https://www.linkedin.com/company/siriusrealestate/

Follow us on Twitter at @SiriusRE

LEI: 213800NURUF5W8QSK566

JSE Sponsor

PSG Capital

 

END

 

 

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