TIDMSRE
RNS Number : 5099P
Sirius Real Estate Limited
20 June 2022
SIRIUS REAL ESTATE LIMITED
(Incorporated in Guernsey)
Company Number: 46442
JSE Share Code: SRE
LSE (GBP) Share Code: SRE
LEI: 213800NURUF5W8QSK566
ISIN Code: GG00B1W3VF54
20 June 2022
Sirius Real Estate Limited
("Sirius Real Estate" or the "Company")
Posting of Scrip Dividend Alternative Circular and
Scrip Dividend Reference Price and Exchange Rate
Sirius Real Estate is pleased to confirm that the Scrip Dividend
Alternative Circular and (if appropriate) a Form of Election have
today been posted to shareholders and will be available on the
Company's website later this afternoon:
www.sirius-real-estate.com.
An overview timetable of events relating to the Scrip Dividend
Alternative is set out below:
For Shareholders on the UK Share Register:
Announcement of Scrip Dividend Alternative Monday, 13 June 2022
Announcement of Reference Price for Monday, 20 June 2022
the New Shares and the Euro to Sterling
Conversion Rate released on RNS
-------------------------------
Despatch the Scrip Circular and Form Monday, 20 June 2022
of Election and announce the despatch
on RNS
-------------------------------
Last day to trade in order to be Wednesday, 6 July 2022
eligible for the cash dividend or
alternatively the scrip dividend
-------------------------------
Shares commence trading ex the cash Thursday, 7 July 2022
dividend or scrip dividend (the UK
Ex-Dividend Date)
-------------------------------
Record Date for Shareholders on the Friday, 8 July 2022
UK Share Register
-------------------------------
Deadline by which election to receive 5.00 p.m. (UK time) on Friday,
the New Shares or election to receive 22 July 2022
dividend entitlements in Sterling
must have been received by the Registrars
(Election Return Date)
-------------------------------
Announcement on RNS of the number Wednesday, 10 August 2022
of New Shares issued
-------------------------------
Despatch scrip dividend share certificates, Wednesday, 17 August 2022
Dividend cheques / electronic funds
transfers and tax vouchers
-------------------------------
CREST accounts credited and/or updated Thursday, 18 August 2022
with the Dividend payment in cash
and/or New Shares
-------------------------------
Admission of New Shares to the premium Thursday, 18 August 2022
segment of the Official List and
to trading on Main Market
-------------------------------
Dividend Payment Date Thursday, 18 August 2022
-------------------------------
For Shareholders on the SA Share Register:
Announcement of Scrip Dividend Alternative Monday, 13 June 2022
Announcement of Reference Price for Monday, 20 June 2022
the New Shares and the Euro to ZAR
Conversion Rate released on SENS
--------------------------------
Despatch the Scrip Circular and Form Monday, 20 June 2022
of Election and announce the despatch
on SENS
--------------------------------
Last day to trade in order to be Tuesday, 5 July 2022
eligible for the cash dividend or
alternatively the scrip dividend
--------------------------------
Shares commence trading ex the cash Wednesday, 6 July 2022
dividend or scrip dividend (the SA
Ex-Dividend Date)
--------------------------------
Announcement on SENS regarding Cash Thursday, 7 July 2022
Fractions applicable to the Scrip
Dividend, by 11:00 a.m.
--------------------------------
Record Date for Shareholders on the Friday, 8 July 2022
SA Share Register
--------------------------------
Deadline by which election to receive 12.00 noon (South African time)
the New Shares must have been received on Friday, 22 July 2022
by the Transfer Secretaries (Election
Return Date)
--------------------------------
Announcement on SENS of the number Wednesday, 10 August 2022
of New Shares to be issued
--------------------------------
Execution of the conversion from Thursday, 11 August 2022
Euro to ZAR for payment of any dividends
in ZAR
--------------------------------
Participant/broker accounts credited Thursday, 18 August 2022
and/or updated with the Dividend
payment in cash and/or New Shares
--------------------------------
Despatch scrip dividend share certificates, Thursday, 18 August 2022
Dividend payments via electronic
funds transfers and tax vouchers
--------------------------------
Listing and admission of New Shares Thursday, 18 August 2022
to trading on the JSE
--------------------------------
Dividend Payment Date Thursday, 18 August 2022
--------------------------------
The above dates and times are subject to change. Any changes
will be released on RNS and SENS.
To facilitate settlement of the Dividend to entitled SA
Shareholders, share certificates may not be dematerialised or
rematerialised between Wednesday, 6 July 2022 (the SA Ex-Dividend
Date) and Friday, 8 July 2022 (the Record Date). No transfers of
Shares shall be registered in the SA Share Register, or between the
SA Share Register and the UK Share Register, between Monday, 20
June 2022 (the Reference Price date) and Friday, 8 July 2022. All
dates are inclusive.
The Dividend has been declared in Euro. Shareholders on the UK
Share Register may choose to receive their entitlement to the
Dividend in cash in either Euro or Sterling. Shareholders on the UK
Share Register who do not make a valid Sterling currency election
will receive any entitlement to the cash dividend in Euro.
Shareholders on the SA Share Register will receive any entitlement
to the cash dividend in ZAR.
The Scrip Dividend Reference Prices are as follows:
Shareholders on the UK Share Register: GBP0.97384 (Sterling)
Shareholders on the SA Share Register: 1,921.84233 (ZAR cents)
Therefore, the number of New Shares which Shareholders electing
to take the Scrip Dividend Alternative will receive are (subject to
the treatment of any fractions) as follows:
Shareholders on the UK Share Register: 2 New Shares for every
47.83104 Ordinary Shares held
Shareholders on the SA Share Register: 2 New Shares for every
48.39830 Ordinary Shares held
Fractions
Where an entitlement to New Shares in relation to the Scrip
Dividend Alternative as calculated in accordance with the formulae
described above gives rise to a fraction of a New Share, such
fractional entitlement shall be treated as follows:
Shareholders on the UK Share Register:
No fraction of a New Share will be issued to Shareholders on the
UK Share Register, and the relevant amount of Dividend will be
retained for the benefit of the Company.
Shareholders on the SA Share Register:
Trading in the Strate environment does not permit fractions and
fractional entitlements. Any fractional entitlement will be rounded
down to the nearest whole number, resulting in allocations of whole
securities and a cash payment in ZAR for the fractional amount.
The Euro to Sterling Conversion Rate (UK Share Register
only)
For Shareholders on the UK Share Register who make a valid
Sterling currency election, the conversion rate for the purposes of
calculating the Dividend for the six months ended 31 March 2022
will be a Euro to Sterling Rate of GBP0.85896.
On this basis, Shareholders on the UK Share Register who have
elected to receive their entitlement to the Dividend in cash in
Sterling will receive a gross dividend of GBP0.02036 (Sterling) per
Ordinary Share.
Alternatively, Shareholders on the UK Share Register may elect
to receive New Shares by way of the Scrip Dividend Alternative.
The Euro to ZAR Conversion Rate (SA Share Register only)
For Shareholders on the SA Share Register, the conversion rate
for the purposes of calculating the Dividend authorised in
connection with the period ended 31 March 2022 will be 16.75480 ZAR
to 1 Euro.
The Euro to ZAR conversion for payment of the dividend in ZAR
will be settled on Thursday, 11 August 2022, using the Euro to ZAR
Conversion Rate which has been fixed by the Company as at the date
of this announcement and the Circular.
On this basis, Shareholders on the SA Share Register will
receive a gross dividend of 39.70888 (ZAR cents) per Ordinary
Share, which they may take in cash or in New Shares by electing to
do so by way of the Scrip Dividend Alternative.
Information for Shareholders on the SA Share Register
Tax
In accordance with the Listings Requirements of the JSE, the
Company confirms that the net cash dividend received by SA
Shareholders who are not exempt from dividend withholding tax of
20%, is expected to be 31.76710 (ZAR cents) per Ordinary Share.
South African Shareholders who elect to receive the Dividend in
scrip form should not be subject to income tax or dividend
withholding tax on receipt of the New Shares, and the Scrip
Dividend will not be regarded as a foreign dividend.
General information
On Monday, 13 June 2022, being the declaration date of the
Dividend, the Company had in issue 1,172,160,992 Ordinary Shares
carrying voting rights, and there were no shares held in treasury.
The Company is incorporated in Guernsey with Company number 46442
and its tax registration number in Guernsey is 1EC.956 and its UK
tax number is GB 203993015.
Further Information
Terms used but not defined herein have the same meaning given to
them as set out in the Scrip Dividend Alternative Circular ("Scrip
Circular") to be dispatched on Monday, 20 June 2022.
The distribution of the Scrip Circular in certain jurisdictions
(including the United States of America, Canada, Japan, New Zealand
or Australia or their respective territories or possessions
(subject to applicable exemptions)) other than the United Kingdom,
South Africa and Guernsey may be restricted by law. Accordingly,
the Scrip Circular may not be distributed or published in any
jurisdiction except under circumstances that will result in
compliance with any applicable laws and regulations. Persons into
whose possession the Scrip Circular comes should inform themselves
about and observe any such restrictions. Any failure to comply with
these restrictions may constitute a violation of the securities
laws of any such jurisdiction.
For further information:
Sirius Real Estate
Andrew Coombs, CEO
Diarmuid Kelly, CFO +49 (0)30 285010110
FTI Consulting (financial
PR)
Richard Sunderland
Talia Jessener
+44 (0)20 3727
SiriusRealEstate@fticonsulting.com 1000
JSE Sponsor
PSG Capital
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END
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