Portfolio Update and Publication of Prospectus

RNS Number : 3919W

Sirius Real Estate Limited

09 February 2017

 

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION.

THIS ANNOUNCEMENT IS NOT AN OFFER TO SELL OR THE SOLICITATION OF AN OFFER TO BUY ANY SECURITIES.  IT IS NOT A PROSPECTUS OR PROSPECTUS EQUIVALENT DOCUMENT.  INVESTORS SHOULD NOT PURCHASE ANY SHARES REFERRED TO IN THIS ANNOUNCEMENT EXCEPT SOLELY ON THE BASIS OF INFORMATION CONTAINED IN THE PROSPECTUS TO BE PUBLISHED BY SIRIUS REAL ESTATE LIMITED IN CONNECTION WITH THE PROPOSED MOVE TO THE MAIN MARKET

9 February 2017

Sirius Real Estate Limited

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

€5.9m sale of Merseburg asset and Publication of Prospectus

Sirius Real Estate, a leading operator of branded business parks providing conventional space and flexible workspace in Germany, is pleased to announce the sale of its site  in Merseburg for €5.9 million. The sale of this legacy non-core asset is part of the Company's strategy to dispose of mature and non-core assets and recycle equity into assets with greater value add opportunities, in order to increase total returns from the portfolio.

Andrew Coombs, Chief Executive Officer, said, "We are actively recycling capital into higher margin assets and we continue to see interesting acquisition opportunities in our target markets."

In addition, further to previous announcements, Sirius has today published a prospectus (the "Prospectus") in connection with moving the listings of its entire issued share capital of 852,858,815 Ordinary Shares from the AIM market of the London Stock Exchange ("LSE") and the AltX market of the Johannesburg Stock Exchange ("JSE") to trading on the Main Market for listed securities of the London Stock Exchange ("Main Market") and the Main Board for listed securities of the JSE ("Main Board") ("Admission").

The Prospectus has been approved by the UK Listing Authority. A copy has been submitted to the National Storage Mechanism and will be available at http://www.hemscott.com/nsm.do and http://www.sirius-real-estate.com/investor-relations/financial-information/prospectus/prospectus_index.php. 

Copies of the Prospectus will be posted to shareholders later today and will also be available for inspection during usual business hours on any day (excepting weekends and public holidays) at the Company's offices at 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.

It is expected that Admission will become effective and that dealings in the Company's shares on the Main Market will commence on Monday 6th March 2017 at 08:00am GMT and on the Main Board on the same day at 09:00am SAST. 

Enquiries:

Sirius Real Estate                                                                             [phone]             

Andrew Coombs, CEO

Alistair Marks, CFO        

Peel Hunt                                                                                            [phone]

Capel Irwin 

Edward Fox         

Canaccord Genuity Limited                                                         [phone]

Bruce Garrow

Chris Connors

Ben Griffiths                                                                                 

JSE Sponsor: PSG Capital                                                              [phone]

David Tosi                                                                                                   

Willie Honeyball

Novella                                                                                                [phone]

Tim Robertson

Toby Andrews

 

END

 

 

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