Director/PDMR Shareholding

RNS Number : 9564S

Sirius Real Estate Limited

28 June 2018

 

SIRIUS REAL ESTATE LIMITED

(Incorporated in Guernsey)

Company Number: 46442

Share Code: SRE

ISIN Code: ISIN GG00B1W3VF54

28 June 2018

Sirius Real Estate Limited

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

NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PDMR

Notification and public disclosure of transactions by PDMRs and persons closely associated with them

Each of Andrew Coombs, CEO of Sirius, Alistair Marks, CFO and Rudiger Swoboda, Managing Director of Sirius Facilities GmbH have today surrendered, for nil cost, 4% of the awards granted to them under the Company's Long Term Incentive Plan on 9 October 2015 (the "2015 LTIP") (and which were due to vest based on performance conditions assessed in part to 2 July 2018).  This is to allow awards to be made instead to 75 employees of the Sirius Real Estate group, who do not currently participate in the 2015 LTIP, none of whom is a Person Discharging Managerial Responsibilities.  The numbers of shares surrendered is set out in the table below.

The Company believes this is a very positive initiative on behalf of the Executive Directors, and Mr Swoboda.

Director/PDMR	Number of shares in respect of which the LTIP award is released
Andrew Coombs	350,000
Alistair Marks	350,000
Rudiger Swoboda	56,000

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	Release for nil cost of award over ordinary shares granted under the Sirius Real Estate Limited Long-Term Incentive Plan.
d)	Price(s) and volume(s)	Price(s) Volume(s) Total(s) N/A 350,000 0.00
e)	Date of the transaction	28 June 2018
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 Rule 3.66 of the Listings Requirements of the JSE Limited.

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	GB00B1W3VF54
c)	Nature of the transaction	Release for nil cost of award over ordinary shares granted under the Sirius Real Estate Limited Long-Term Incentive Plan.
d)	Price(s) and volume(s)	Price(s) Volume(s) Total(s) n/a 350,000 0.00
e)	Date of the transaction	28 June 2018
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 Rule 3.66 of the Listings Requirements of the JSE Limited.

1.	Details of PDMR / person closely associated with them ("PCA")
a)	Name	Rudiger Swoboda
2.	Reason for the notification
a)	Position / status	Managing 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	Release for nil cost of award over ordinary shares granted under the Sirius Real Estate Limited Long-Term Incentive Plan.
d)	Price(s) and volume(s)	Price(s) Volume(s) Total(s) n/a 56,000 0.00
e)	Date of the transaction	28 June 2018
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 Rule 3.66 of the Listings Requirements of the JSE Limited.

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