Director/PDMR Shareholding

RNS Number : 9963P

Sirius Real Estate Limited

15 June 2020

 

SIRIUS REAL ESTATE LIMITED

(Incorporated in Guernsey)

Company Number: 46442

JSE Share Code: SRE

LSE (EUR) Share Code: ESRE

LSE (GBP) Share Code: SRE

ISIN Code: ISIN GG00B1W3VF54

15 June 2020

Sirius Real Estate Limited

(the "Company")

NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PDMRs

The Company confirms that on 15 June 2020 it granted the "2020 Awards" under the Sirius Real Estate Long Term Incentive Plan 2018 (the "LTIP"), including awards granted to its Executive Directors and another Person Discharging Managerial Responsibilities
(the "PDMRs").

Each award granted to the PDMRs has been granted in the form of a Nil-Cost Option and consists of "Ordinary Awards" as described in the circular relating to the General Meeting held on 5 December 2018. 

Director/PDMR	Number of shares subject to Ordinary Award
Andrew Coombs	1,000,000
Alistair Marks	1,000,000
Rüdiger Swoboda	350,000

Each award is subject to a performance condition assessed over the five financial years of the Company, with the first year of the period being the year ending 31 March 2019.  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
a)	Name	Andrew Coombs
2.	Reason for the notification
a)	Positio n/ 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 9,282,406 shares, representing 0.89% of the issued share capital.
d)	Price(s) and volume(s)	Price(s) Volume(s) N/A 1,000,000 (Ordinary Award)
e)	Price(s) and volume(s)	Price(s) (p/GBP) Volume(s) Total(s) (p/GBP) n/a 1,000,000 Nil
f)	Date of the transaction	15 June 2020
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 paragraph 3.66 of the Listings Requirements of the JSE Limited.

1.	Details of PDMR
a)	Name	Alistair Marks
2.	Reason for the notification
a)	Positio n/ 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 7,159,078 shares, representing 0.69% of the issued share capital.
d)	Price(s) and volume(s)	Price(s) Volume(s) N/A 1,000,000 (Ordinary Award)
e)	Price(s) and volume(s)	Price(s) (p/GBP) Volume(s) Total(s) (p/GBP) n/a 1,000,000 Nil
f)	Date of the transaction	15 June 2020
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 paragraph 3.66 of the Listings Requirements of the JSE Limited.

1.	Details of PDMR
a)	Name	Rüdiger Swoboda
2.	Reason for the notification
a)	Positio n/ status	Group Sales 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	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 1,109,314 shares representing 0.11% of the issued share capital.
d)	Price(s) and volume(s)	Price(s) Volume(s) N/A 350,000 (Ordinary Award)
e)	Price(s) and volume(s)	Price(s) (p/GBP) Volume(s) Total(s) (p/GBP) n/a 350,000 Nil
f)	Date of the transaction	15 June 2020
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 paragraph 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 [e-mail]	[phone]

LEI: 213800NURUF5W8QSK566

JSE Sponsor

PSG Capital

 

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