Internalisation Transaction Completed

RNS Number : 4119W

Sirius Real Estate Limited

30 January 2012

 



Internalisation Transaction Completed

Sirius Real Estate Limited ("Sirius" or the "Company") is pleased to announce that it has completed the transaction, announced on 20^th January 2012, with the principals of its external asset manager to internalise the core management of Sirius (the "Internalisation") via the acquisition of Sirius Facilities GmbH ("Facilities") and other assets from the interests of Kevin and Frank Oppenheim (the "Oppenheims") and the Principle Capital Group ("Principle Capital").   The total consideration for the acquisition is €5.1 million payable through the transfer of 15 million shares and approximately €1.9m in cash.

Following the transaction, the Company holds 10,576,824 of its ordinary shares in treasury and has 317,223,176 ordinary shares in issue (excluding treasury shares).

Enquiries:

Sirius                                                                                                                                     01481 729 466

Robert Sinclair                                                                                                 

Peel Hunt                                                                                                                                                                      

Capel Irwin                                                                                                                         020 7418 8900

Alex Vaughan                                   

Cardew Group                                                                                                                                                 

Tim Robertson                                                                                                                  020 7930 0777

Georgina Hall                   

 

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