SRE.L

Sirius Real Estate Ltd.
Sirius Real Estate - Results of Dividend Reinvestment Plan
13th August 2024, 15:00
TwitterFacebookLinkedIn
To continue viewing RNS, please confirm that you are a Private Investor*

* A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:

  1. Obtains access to the information in a personal capacity;
  2. Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
  3. Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
  4. Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
  5. Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
  6. Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
RNS Number : 3093A
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:                +44 (0) 20 3059 0855

Sirius Real Estate

Andrew Coombs, CEO

Chris Bowman, CFO

 

FTI Consulting (financial PR)

Richard Sunderland                        +44 (0)20 3727 1000

James McEwan

Talia Shirion

 

SiriusRealEstate@fticonsulting.com

 

JSE Sponsor

PSG Capital

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
DIVZXLFFZVLXBBB]]>
TwitterFacebookLinkedIn