Director/PDMR Shareholding

RNS Number : 8445J

Sirius Real Estate Limited

07 December 2018

 

7 December 2018

Sirius Real Estate Limited

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

NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PDMR

Sirius Real Estate announces that Mr. Andrew Coombs has exercised in full the nil cost options over 4,000,000 ordinary shares received by him in respect of the 2015 LTIP, as announced on 4 July 2018. 1,545,108 new ordinary shares will be issued and 574,892 treasury shares will be transferred by the Company to Mr. Coombs, in satisfaction of this option exercise, with the remainder of the option being settled in cash and withheld by the Company to satisfy the tax liability arising from the exercise.

Following the issue of the new ordinary shares, the total number of voting rights in the Company will be 1,011,541,826, the number of shares in treasury shall be nil and the total number of ordinary shares in issue will be 1,011,541,826.

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 the premium segment of the Official List of the UK Listing Authority and to trading and 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 (GMT) and on the JSE at 9am (SAST), on 10 December 2018.

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	Exercise of nil-cost option over ordinary shares arising from the 2015 LTIP, resulting in the issue of 1,545,108 new ordinary shares and a transfer of 574,892 treasury shares by the Company to Mr. Coombs. After the transaction, Mr. Coombs has a beneficial interest in 9,850,368 shares representing 0.97% of the issued share capital.
d)	Price(s) and volume(s)	Price(s) (p/GBP) Volume(s) Total(s) (p/GBP) n/a 1,545,108 Nil n/a 574,892 Nil
e)	Date of the transaction	5 December 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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