First Day of Dealings

RNS Number : 5449Y

Sirius Real Estate Limited

06 March 2017

 

6 March 2017

Sirius Real Estate Limited

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

First Day of Dealings on the Main Market of the London Stock Exchange and on the Main Board of the Johannesburg Stock Exchange

Sirius Real Estate, a leading operator of branded business parks providing conventional space and flexible workspace in Germany, is pleased to announce that the Company's shares have today been admitted to the premium segment of the Official List of the UK Listing Authority and to trading on the London Stock Exchange plc's ("LSE") main market for listed securities ("Main Market") and have transferred from the Alt-X market of the Johannesburg Stock Exchange ("JSE") to the Main Board of the JSE ("Main Board") (together, "Admission"). 

The Directors welcome today's Admission and look forward to:

·      having a more appropriate platform for the continued growth of Sirius, raising its profile and status as a high quality real estate business;

·      increasing the Company's appeal to a broader range of investors to facilitate the longer-term ambitions of the Company;

·      subject to meeting the relevant criteria, benefiting from inclusion in certain indices; and

·      developing the Company's corporate governance, regulatory and reporting disciplines.

Andrew Coombs, Chief Executive, said:

"We are delighted to have completed the step up onto the LSE's Main Market and the Main Board of the JSE. The move is a reflection of the progress we have made in developing the business and of our appetite to continue the momentum we have created. Looking ahead, there are good opportunities to increase our property portfolio and the broader trading platform of these two premier markets with their deeper pools of domestic and international investors will be key in helping achieve this."

Dealings in the Company's shares will commence on the Main Market at 8.00 a.m. GMT today and trading in the Company's shares on the AIM market of London Stock Exchange plc has been cancelled simultaneously. Dealings in the Company's shares will commence on the Main Board at 9.00am SAST and after that time will cease to be tradeable on the Alt-X. 

Investors are reminded that the trading currency of the Company's shares on the Main Market has changed from Euros to Sterling.  The trading currency on the Main Board will remain as Rand.

The Company's TIDM code on the LSE and share code on the JSE will remain 'SRE', with the same ISIN of GG00B1W3VF54.  There are 852,858,815 ordinary shares in issue of which 1,062,058 ordinary shares are held in treasury, the total number of voting rights in Sirius Real Estate therefore being 851,796,757.

The prospectus prepared by the Company in connection with Admission was published on 9 February 2017 and remains available for inspection on the Company's website at www.sirius-real-estate.com/investor-relations/financial-information/prospectus/prospectus_index.php  and on the National Storage Mechanism at www.hemscott.com_nsm.do. Copies are also available at the Company's registered office: Martello Court, Admiral Park, St Peter Port, Guernsey, Channel Islands GY1 3HB and at the offices of Norton Rose Fulbright LLP, 3 More London Riverside, London, SE1 2AQ.

- Ends -

For further information:

Sirius Real Estate                                                                             [phone]             

Andrew Coombs, CEO

Alistair Marks, CFO        

LSE Sponsor: Canaccord Genuity Limited                                   [phone]

Bruce Garrow

Chris Connors

Ben Griffiths                                                                                 

JSE Sponsor: PSG Capital                                                                [phone]

David Tosi                                                                                                   

Willie Honeyball

Peel Hunt                                                                                            [phone]

Capel Irwin 

Edward Fox         

Novella                                                                                                [phone]

Tim Robertson

Toby Andrews

Canaccord Genuity Limited is acting as Sponsor in relation to this Admission in the UK and is acting exclusively for the Company and no one else in connection with Admission and will not regard any other person as a client in relation to Admission and will not be responsible to anyone other than the Company for providing the protections afforded to their respective clients or for advising any other person on the contents of the Prospectus or on any other transaction or arrangement referred to in this announcement.

Canaccord Genuity Limited and Peel Hunt will continue in their roles as joint brokers to the Company following Admission.

PSG Capital Proprietary Limited is acting as Sponsor in relation to this Admission in South Africa and is acting exclusively for the Company and no one else in connection with Admission and will not regard any other person as a client in relation to Admission and will not be responsible to anyone other than the Company for providing the protections afforded to their respective clients or for advising any other person on the contents of the Prospectus or on any other transaction or arrangement referred to in this announcement.

PSG Capital Proprietary Limited will continue in its role as JSE Sponsor to the Company following Admission.

About Sirius Real Estate

Sirius is a property company listed on the main market and premium segment of the London Stock Exchange and the main board of the Johannesburg Stock Exchange.  It is a leading operator of branded business parks providing conventional space and flexible workspace in Germany. The Company's core strategy is the acquisition of business parks at attractive yields, the integration of these business parks into its network of sites under the Company's own name as well as offering a range of branded products within those sites, and the reconfiguration and upgrade of existing and vacant space to appeal to the local market, through intensive asset management and investment. The Company's strategy aims to deliver attractive returns for Shareholders by increasing rental income and improving cost recoveries and capital values, as well as by enhancing those returns through financing its assets on favourable terms. Once sites are mature and net income and values have been optimised, the Group may take the opportunity to refinance the sites to release capital for investment in new sites or consider the disposal of sites in order to recycle equity into assets which present greater opportunity for the asset management skills of the Group's team.

www.sirius-real-estate.com

 

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