Allotment of 2018 Long Term Incentive Plan Shares

RNS Number : 5847C

Sirius Real Estate Limited

21 June 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

21 June 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 announces that awards granted to 7 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.

1,938,660 shares are now due to be delivered to satisfy some of these awards and a further 761,340 shares have been withheld in partial settlement of certain participants' tax liabilities arising in respect of the vesting. Accordingly, 1,938,660 ordinary shares of no par value will be issued to qualifying participants. The remaining 2,000,000 2018 LTIP Awards will be exercised at a later date. Disclosure of the awards made to the Persons Discharging Managerial Responsibilities (" PDMRs ") are detailed below. The participant awards will be made up of an issue of 1,938,660 new ordinary shares of no par value in the Company.

Following the issue of the new ordinary shares, the total number of voting rights in the Company will be 1,054,755,527. 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 22 June 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	GB00B1W3VF54
c)	Nature of the transaction	1.  Purchase of shares into SIPP 2.  Acquisition of new shares issued to satisfy an award made under the 2018 LTIP. Following these transactions, Mr. Coombs holds a beneficial interest in 9,455,099 shares, representing 0.90% of the Company's issued share capital.
d)	Price(s) and volume(s)	Price(s) (p/GBP) Volume(s) Total(s) (p/GBP) 1  Purchase 7,385 Shares £7,872.41 High Low VWAP £1.066 £1.066 £1.066 2 2018 LTIP Nil 1,000,000 0.00
e)	Dates of the transactions	1. 18 June 2021 2. 21 June 2021
f)	Places of the transactions	1)  XLON London Stock Exchange 2)  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	Rüdiger Swoboda
2.	Reason for the notification
a)	Position / status	Chief Operating 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	Acquisition of new shares issued to satisfy an award made under the 2018 LTIP. Following this transaction, Mr. Swoboda holds a beneficial interest in 1,295,029 shares, representing 0.12% of the Company's issued share capital.
d)	Price(s) and volume(s)	Price(s) (p/GBP) Volume(s) Total(s) (p/GBP) Nil 278,450 0.00
e)	Date of the transaction	21 June 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	Diarmuid Kelly
2.	Reason for the notification
a)	Position / status	Group Finance Director
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	Acquisition of new shares issued to satisfy an award made under the 2018 LTIP. Following this transaction, Mr. Kelly holds a beneficial interest in 283,894 shares, representing 0.03% of the Company's issued share capital.
d)	Price(s) and volume(s)	Price(s) (p/GBP) Volume(s) Total(s) (p/GBP) Nil 167,070 0.00
e)	Date of the transaction	21 June 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	Kremena Wissel
2.	Reason for the notification
a)	Position / status	Chief Marketing & Impact 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	Acquisition of new shares issued to satisfy an award made under the 2018 LTIP. Following this transaction, Mrs Wissel holds a beneficial interest in 871,634 shares, representing 0.08% of the Company's issued share capital.
d)	Price(s) and volume(s)	Price(s) (p/GBP) Volume(s) Total(s) (p/GBP) Nil 167,070 0.00
e)	Date of the transaction	21 June 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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