Scrip Allotment

Released : 07/08/2017

RNS Number : 2846N
Sirius Real Estate Limited
07 August 2017
 

7 August 2017

Sirius Real Estate Limited

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

Allotment of Scrip Dividend

 

Sirius Real Estate is pleased to confirm that on 18 August 2017, 7,991,787 ordinary shares will be allotted and issued to the Company's shareholders who elected to receive ordinary shares under the Scrip Dividend Programme as an alternative to receiving in cash the final dividend declared in respect of the twelve months ended 31 March 2017, payable.

Following the issue of the new ordinary shares, the total number of voting rights in the Company will be 926,153,673, the number of shares in treasury shall be 574,892 and the total number of ordinary shares in issue (including those in treasury) will be 926,728,565.

Application will be made for the new ordinary shares to be admitted to trading on the main market of London Stock Exchange Plc ("LSE"), to be admitted to listing on the premium segment of the Official List of the UK Listing Authority and to be listed on the main board of the Johannesburg Stock Exchange ("JSE"). It is expected that admission of the new ordinary shares will take place at commencement of trade on both the LSE at 8am (BST) and on the JSE at 9am (SAST), on 18 August 2017.

 

 

For further information:

Sirius Real Estate

Andrew Coombs, CEO

Alistair Marks, CFO

 

+49 (0)30 285010110            

 

Peel Hunt - Joint UK Bookrunner

Capel Irwin
Edward Fox

+44 (0)20 7418 8900

 

Berenberg - Joint UK Bookrunner

Chris Bowman
Toby Flaux

+44 (0)20 3207 7800

PSG Capital - Sole SA Bookrunner

David Tosi

Willie Honeyball

 

+27 (0)21 887 9602

 

Novella

Tim Robertson

Toby Andrews

+44 (0)20 3151 7008

 

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 Company 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 Company's team.

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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