Results of Dividend Reinvestment Plan

Sirius Real Estate Limited

13 August 2024

 

SIRIUS REAL ESTATE LIMITED

(Incorporated in Guernsey)

Company Number: 46442

JSE Share Code: SRE

LSE (GBP) Share Code: SRE

LEI: 213800NURUF5W8QSK566

ISIN Code: GG00B1W3VF54

13 August 2024

Sirius Real Estate Limited

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

Results of Dividend Reinvestment Plan

Shareholders are referred to the Company's financial results announcement for the six months ended 31 March 2024 and the announcement titled "Cash Dividend And Offer Of Dividend Reinvestment Plan" (the "Finalisation Announcement"), both published on SENS on 3 June 2024 (the "Announcements"), containing, inter alia, details of the cash dividend declared by the Company for the six-month period ended 31 March 2024 (the "Cash Dividend"), and advising shareholders of the Dividend Reinvestment Plan ("DRIP") alternative.

As indicated in the Announcements, shareholders could elect to receive their Cash Dividend in the form of Sirius ordinary shares ("Shares"), failing which the dividend would be paid out in cash on 25 July 2024. The deadline for receipt of the DRIP elections was 1 July 2024.

Following the respective DRIP share purchase settlement dates as set out in the Finalisation Announcement, the Company hereby advises that:

-    Shareholders on United Kingdom ("UK") share register holding 4.2 million Shares or 0.31% of Sirius' issued share capital as at 28 June 2024 (UK record date), and who qualified to receive the Cash Dividend, elected to receive Shares in terms of the DRIP, resulting in the purchase of 116,418 Shares in the market at an average price of £0.931 per share and their delivery to such electing shareholders.

-    Shareholders on the South African ("SA") share register holding 30.05 million Shares or 2.23% of Sirius' issued share capital as at 28 June 2024 (SA record date), and who qualified to receive the Cash Dividend, elected to receive Shares in terms of the DRIP, resulting in the purchase of 783,866 Shares in the market at an average price of R22.48998 per share and their delivery to such electing shareholders.

As the Shares settled on shareholders pursuant to the DRIP were purchased in the market and not newly issued by the Company, the Company's total issued share capital remains 1,511,857,390 Shares of no par value. The Company does not hold any Shares in treasury.

The total Cash Dividend amount payable for the six months ended 31 March 2024 was €40,965,246.44 of which €39,920,297.86 was paid in cash and the cash equivalent of €1,044,948.58 was satisfied through the delivery of Shares pursuant to the DRIP. The Company's Employee Benefit Trust has waived its right to the Cash Dividend.

For further information:                [phone]

Sirius Real Estate

Andrew Coombs, CEO

Chris Bowman, CFO

FTI Consulting (financial PR)

Richard Sunderland                        [phone]

James McEwan

Talia Shirion

[e-mail]

JSE Sponsor

PSG Capital

 

END