Director/PDMR Shareholding

RNS Number : 6251T

Sirius Real Estate Limited

04 July 2018

 

SIRIUS REAL ESTATE LIMITED

(Incorporated in Guernsey)

Company Number: 46442

Share Code: SRE

ISIN Code: ISIN GG00B1W3VF54

4 July 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.

The Company announces that on Monday 2 July 2018, awards granted on 9 October 2015 under the Sirius Real Estate Limited Long Term Incentive Plan 2015 (the "2015 LTIP") vested in respect of a total of 23,094,000 ordinary shares of no par value in the Company.

Part of the award held by Andrew Coombs takes the form of a "nil-cost option" in respect of 4,000,000 vested shares which can be acquired at any time up to 2 July 2019 (or such later date as the Remuneration Committee determines up to 2 July 2020), leaving a balance of 4,400,000 shares to be taken as detailed below.

19,094,000 shares are now due to be delivered to satisfy the awards, of which 4,290,000 shares have been withheld in partial settlement of certain participants' tax liabilities arising in respect of the vesting. Accordingly, 14,804,000 ordinary shares will be issued to qualifying participants. The following shares have been acquired by PDMRs of the Company.

Director/PDMR	Number of shares due to be delivered under the LTIP award	Number of shares withheld in partial settlement of the participant's tax liability	Number of shares acquired
Andrew Coombs	4,400,000	940,000	3,460,000
Alistair Marks	8,400,000	2,000,000	6,400,000
Rudiger Swoboda	1,344,000	0	1,344,000

Following the issue of the new ordinary shares, the total number of voting rights in the Company will be 1,006,133,614, the number of shares in treasury will be 574,892 and the total number of ordinary shares in issue (including those in treasury) will be 1,006,708,506.

Application will be 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 UK Listing Authority and to a primary listing on the Main Board of the Johannesburg Stock Exchange ("JSE"). It is expected that admission of the new ordinary shares will take place at commencement of trade on both the LSE at 8am (BST) and on the JSE at 9am (SAST), on Monday 9 July 2018 or as soon as possible thereafter.

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	Acquisition of shares under the 2015 Sirius Real Estate Limited Long-Term Incentive Plan.
d)	Price(s) and volume(s)	Price(s) Volume(s) Total(s) N/A 3,460,000 0.00
e)	Date of the transaction	2 July 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	Acquisition of shares under the 2015 Sirius Real Estate Limited Long-Term Incentive Plan.
d)	Price(s) and volume(s)	Price(s) Volume(s) Total(s) n/a 6,400,000 0.00
e)	Date of the transaction	2 July 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	Acquisition of shares under the 2015 Sirius Real Estate Limited Long-Term Incentive Plan.
d)	Price(s) and volume(s)	Price(s) Volume(s) Total(s) n/a 1,344,000 0.00
e)	Date of the transaction	2 July 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.

JSE Sponsor

PSG Capital

Enquiries

For further information, please contact: Sirius Real Estate	[phone]
Andrew Coombs, CEO Alistair Marks, CFO
Tavistock	[phone]
Jeremy Carey James Verstringhe Kirsty Allan

 

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