Conversion of Loan Note

RNS Number : 1121C

Sirius Real Estate Limited

23 June 2016

 



23 June 2016

Sirius Real Estate Limited

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

Conversion of Convertible Loan Notes

Sirius Real Estate, the leading operator of branded business parks providing conventional and flexible workspace to the German market, announces that the Karoo Investment Fund S.C.A. SICAV-SIF ("Karoo") has served notice to convert its €5,000,000 5% convertible loan notes due 2018 (the "Convertible Loan Notes"), in full, into, in aggregate, 22,814,731 new ordinary shares (the "Conversion Shares") at the conversion price of €0.2191566 per Ordinary Share, as adjusted in accordance with the terms and conditions of the Convertible Loan Notes.

Details of the issue of the Convertible Loan Notes are set out in the Company's announcement dated 22 March 2013.

Application has been made for the above mentioned 22,814,731 Conversion Shares to be admitted to trading on the AIM market of the London Stock Exchange Plc and to be listed on the AltX of the Johannesburg Stock Exchange ("Admission").

It is expected that Admission of the Conversion Shares will become effective and that dealings will commence in the Conversion Shares on 28 June 2016 at 8 a.m. (BST) on AIM and at 9 a.m. (CAT) on AltX.

Following Admission, the total number of voting rights in the Company will be 831,717,000 the number of shares in treasury shall be 1,062,058 and the total number of ordinary shares in issue (including those in treasury) will be 832,779,058.  

For further information:

Sirius Real Estate                         

Andrew Coombs, CEO                                                                                                   [phone]

Alistair Marks, CFO

Peel Hunt

Capel Irwin - Corporate                                                                                                [phone]

Alastair Rae - ECM Syndicate                                                                                      [phone]

Canaccord Genuity Limited                                                                                         [phone]

Bruce Garrow

Chris Connors

PSG Capital

David Tosi                                                                                                                           [phone]

Willie Honeyball

Novella                                     

Tim Robertson                                                                                                                  [phone]

Toby Andrews        

Company Website

www.sirius-real-estate.com

 

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