Allotment of 2018 Long Term Incentive Plan Shares

RNS Number : 3619H

Sirius Real Estate Limited

23 November 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

23 November 2022

Sirius Real Estate Limited

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

Allotment of 2018 Long Term Incentive Plan Shares and notification of a transaction by a Person Discharging Managerial Responsibilities ("PDMR")

Further to the announcement published on 18 July 2022, Sirius Real Estate announces that awards granted on 14 June 2019 under the Sirius Real Estate Limited 2018 Long-Term Incentive Plan
(the " 2018 LTIP "), which vested on 13 May 2022, were exercised on 22 November 2022, in respect of the remaining 1,531,361 ordinary shares of no par value in the Company.

811,621 shares are now due to be delivered to satisfy the remaining award and a further 719,740 shares have been withheld in settlement of the participant's tax liability arising in respect of the vesting. Accordingly, 811,621 ordinary shares of no par value will be issued to the participant. Disclosure of the award made to the Person Discharging Managerial Responsibilities (" PDMR ") is detailed below. The participant award will be made up of an issue of 811,621 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 1,175,863,985. 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 (GMT) and on the JSE at 9.00am (SAST), on or around 30 November 2022.

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 an award made under the 2018 LTIP. Following this transaction, Mr. Coombs holds a beneficial interest in 10,611,878 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) Nil 811,621 0.00
e)	Date of the transaction	22 November 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 Alistair Marks, CIO and Interim CFO	[phone]
FTI Consulting (financial PR) Richard Sunderland James McEwan Talia Shirion [e-mail]	[phone]
JSE Sponsor PSG Capital

 

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