Allotment of 2018 Long Term Incentive Plan Shares

RNS Number : 8409S

Sirius Real Estate Limited

18 July 2022

 

SIRIUS REAL ESTATE LIMITED

(Incorporated in Guernsey)

Company Number: 46442

JSE Share Code: SRE

LSE (GBP) Share Code: SRE

LEI: 213800NURUF5W8QSK566

ISIN Code: GG00B1W3VF54

18 July 2022

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 on 14 June 2019 to 7 participants under the Sirius Real Estate Limited Long Term Incentive Plan 2018 (the " 2018 LTIP ") vested on 13 May 2022 in respect of 4,543,039 ordinary shares of no par value in the Company.

1,620,093 shares are now due to be delivered to satisfy some of these awards and a further 1,391,585 shares have been withheld in partial settlement of certain participants' tax liabilities arising in respect of the vesting. Accordingly, 1,620,093 ordinary shares of no par value will be issued to qualifying participants. The remaining 1,531,361 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 1,620,093 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 1,173,781,085. 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 25 July 2022.

Notification of dealing forms

1.	Details of PDMR / person closely associated with them ("PCA")
a)	Name	Alistair Marks
2.	Reason for the notification
a)	Position / status	Chief Investment 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 an award made under the 2018 LTIP. Following this transaction, Mr. Marks holds a beneficial interest in 7,587,669 shares, representing 0.646% of the Company's issued share capital.
d)	Price(s) and volume(s)	Price(s) (p/GBP) Volume(s) Total(s) (p/GBP) Nil 842,249 0.00
e)	Date of the transaction	15 July 2022
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	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 an award made under the 2018 LTIP. Following this transaction, Mr. Kelly holds a beneficial interest in 426,315 shares, representing 0.036% of the Company's issued share capital.
d)	Price(s) and volume(s)	Price(s) (p/GBP) Volume(s) Total(s) (p/GBP) Nil 134,058 0.00
e)	Date of the transaction	15 July 2022
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	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	GG00B1W3VF54
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 1,536,333 shares, representing 0.131% of the Company's issued share capital.
d)	Price(s) and volume(s)	Price(s) (p/GBP) Volume(s) Total(s) (p/GBP) Nil 241,304 0.00
e)	Date of the transaction	15 July 2022
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	GG00B1W3VF54
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 1,005,697 shares, representing 0.086% of the Company's issued share capital.
d)	Price(s) and volume(s)	Price(s) (p/GBP) Volume(s) Total(s) (p/GBP) Nil 134,063 0.00
e)	Date of the transaction	15 July 2022
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	Anthony Payne
2.	Reason for the notification
a)	Position / status	Data 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	GG00B1W3VF54
c)	Nature of the transaction	Acquisition of new shares issued to satisfy an award made under the 2018 LTIP. Following this transaction, Mr. Payne holds a beneficial interest in 480,689 shares, representing 0.041% of the Company's issued share capital.
d)	Price(s) and volume(s)	Price(s) (p/GBP) Volume(s) Total(s) (p/GBP) Nil 132,083 0.00
e)	Date of the transaction	15 July 2022
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	Craig Hoskins
2.	Reason for the notification
a)	Position / status	Asset Management 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	GG00B1W3VF54
c)	Nature of the transaction	Acquisition of new shares issued to satisfy an award made under the 2018 LTIP. Following this transaction, Mr. Hoskins holds a beneficial interest in 521,689 shares, representing 0.44% of the Company's issued share capital.
d)	Price(s) and volume(s)	Price(s) (p/GBP) Volume(s) Total(s) (p/GBP) Nil 136,336 0.00
e)	Date of the transaction	15 July 2022
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 Diarmuid Kelly, CFO	[phone]
FTI Consulting (financial PR) Richard Sunderland Talia Jessener [e-mail]	[phone]
JSE Sponsor PSG Capital

 

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