Director/PDMR Shareholding

RNS Number : 1609N

Sirius Real Estate Limited

15 January 2019

 

15 January 2019

Sirius Real Estate Limited

(the "Company")

NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PDMR

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

Following the approval by the Company's shareholders of the Sirius Real Estate Long Term Incentive Plan 2018 (the "LTIP") at the General Meeting on 5 December, the Company confirms that on 15 January 2019 it granted the "2018 Awards" under the LTIP, including awards granted to its Executive Directors and other Person Discharging Managerial Responsibilities.

Each award granted to the Executive Directors and other Person Discharging Managerial Responsibilities has been granted in the form of a Nil-Cost Option and consists of an "Ordinary Award" and an "Outperformance Award" as described in the circular relating to the General Meeting. 

Director/PDMR	Number of shares subject to Ordinary Award	Number of shares subject to Outperformance Award
Andrew Coombs	1,200,000	300,000
Alistair Marks	1,200,000	300,000
Rüdiger Swoboda	400,000	100,000

Each award is subject to a performance condition assessed over the three financial years of the Company ending on 30 March 2021.  Subject to the rules of the LTIP and to the satisfaction of the performance condition, the awards will vest following the assessment of the performance condition but will not be "released" until the end of a further two year holding period. 

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	Grant of nil-cost option over ordinary shares under the Sirius Real Estate 2018 Long Term Incentive Plan. Mr. Coombs currently 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) Volume(s) N/A 1,200,000 (Ordinary Award) N/A 300,000 (Outperformance Award)
e)	Price(s) and volume(s)	Price(s) (p/GBP) Volume(s) Total(s) (p/GBP) n/a 1,200,000 Nil n/a 300,000 Nil
f)	Date of the transaction	14 January 2019
g)	Place of the transaction	Outside a trading venue (off market)
h)	Nature and extent of interest in the transaction	Direct, beneficial
i)	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	Grant of nil-cost option over ordinary shares under the Sirius Real Estate 2018 Long Term Incentive Plan. Mr. Marks currently has a beneficial interest in 7,028,568 shares, representing 0.69% of the issued share capital.
d)	Price(s) and volume(s)	Price(s) Volume(s) N/A 1,200,000 (Ordinary Award) N/A 300,000 (Outperformance Award)
e)	Price(s) and volume(s)	Price(s) (p/GBP) Volume(s) Total(s) (p/GBP) n/a 1,200,000 Nil n/a 300,000 Nil
f)	Date of the transaction	14 January 2019
g)	Place of the transaction	Outside a trading venue (off market)
h)	Nature and extent of interest in the transaction	Direct, beneficial
i)	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	Rüdiger Swoboda
2.	Reason for the notification
a)	Position / status	Managing Director Sirius Facilities GmbH
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	Grant of nil-cost option over ordinary shares under the Sirius Real Estate 2018 Long Term Incentive Plan. Mr. Swoboda currently has a beneficial interest in 1,139,346 shares representing 0.11% of the issued share capital.
d)	Price(s) and volume(s)	Price(s) Volume(s) N/A 400,000 (Ordinary Award) N/A 100,000 (Outperformance Award)
e)	Price(s) and volume(s)	Price(s) (p/GBP) Volume(s) Total(s) (p/GBP) n/a 400,000 Nil n/a 100,000 Nil
f)	Date of the transaction	14 January 2019
g)	Place of the transaction	Outside a trading venue (off market)
h)	Nature and extent of interest in the transaction	Direct, beneficial
i)	Clearance to deal in these securities was obtained in accordance with Rule 3.66 of the Listings Requirements of the JSE Limited.

Enquiries

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

LEI: 213800NURUF5W8QSK566

JSE Sponsor

PSG Capital

 

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