Allotment of 2018 Long Term Incentive Plan Shares

RNS Number : 3035I

Sirius Real Estate Limited

11 August 2021

 

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 August 2021

Sirius Real Estate Limited

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

Allotment of 2018 Long Term Incentive Plan Shares and notification of transactions by Persons Discharging Managerial Responsibilities ("PDMRs")

Sirius Real Estate previously announced that awards granted to participants under the Sirius Real Estate Limited Long Term Incentive Plan 2018 (the " 2018 LTIP ") vested on 21 May 2021 in respect of 4,700,000 ordinary shares of no par value in the Company, of which 2,700,000 nil-cost options were exercised on 21 June 2021.

The remaining 2,000,000 2018 LTIP nil-cost options have now been exercised and disclosure of the 2018 LTIP awards made to the Persons Discharging Managerial Responsibilities (" PDMRs ") are detailed below. The participant awards will be made up of an issue of 1,327,550 new ordinary shares of no par value in the Company and a further 672,450 shares have been withheld in settlement of a participant's (Alistair Marks) tax liabilities arising in respect of the vesting.

Following the issue of the new ordinary shares, the total number of voting rights in the Company will be 1,056,083,077. 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 premium segment 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 19 August 2021. 

Notification of dealing forms

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 transaction	Acquisition of new shares issued to satisfy the exercise of nil-cost options relating to an award made under the 2018 LTIP. Following this transaction, Mr. Coombs holds a beneficial interest in 8,511,256 shares, representing 0.81% of the Company's issued share capital.
d)	Price(s) and volume(s)	Price(s) (p/GBP) Volume(s) Total(s) (p/GBP) NIL 500,000 Shares N/A
e)	Date of the transaction	19 August 2021
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.

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	GG00B1W3VF54
c)	Nature of the transaction	Acquisition of new shares issued to satisfy the exercise of nil-cost options relating to an award made under the 2018 LTIP. Following this transaction, Mr. Marks holds a beneficial interest in 6,586,628 shares, representing 0.62% of the Company's issued share capital.
d)	Price(s) and volume(s)	Price(s) (p/GBP) Volume(s) Total(s) (p/GBP) NIL 827,550 Shares N/A
e)	Date of the transaction	19 August 2021
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.

For further information: Sirius Real Estate Andrew Coombs, CEO Alistair Marks, CFO	[phone]
FTI Consulting (financial PR) Richard Sunderland Claire Turvey Talia Jessener [e-mail]	[phone]
JSE Sponsor PSG Capital

 

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