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 2024
Sirius Real Estate Limited
("Sirius Real Estate", "Sirius" or the "Company")
Notification and public disclosure of transactions by Persons Discharging Managerial Responsibilities ("PDMRs")
Sirius Real Estate announces that awards granted on 1 August 2022 under the Sirius Real Estate Limited Senior Share Incentive Plan 2021 (the "UK SIP"), vested in full on 19 June 2024 to six participants at share price of £0.96550 and the participants, including four PDMRs, have notified the Company today that they have exercised their awards, following which the requisite tax directives were obtained.
535,960 shares are now due to be delivered by the Sirius Real Estate Limited Employee Benefit Trust to satisfy these awards and a further 475,290 shares have been withheld in settlement of the participants' tax liabilities arising in respect of the vesting of the awards. Disclosure of the awards made to the Persons Discharging Managerial Responsibilities ("PDMRs") are detailed below.
Notification of Dealing Forms
| 1. | Details of PDMR | |||||||
| a) | Name | Tariq Khader | ||||||
| 2. | Reason for the notification
| |||||||
| a) | Position / status | Sirius Chief Investment Officer | ||||||
| b) | Initial notification / amendment | Initial notification | ||||||
| 3. | Details of the issuer | |||||||
| a) | Name | Sirius Real Estate Limited
| ||||||
| b) | LEI | 213800NURUF5W8QSK566 | ||||||
| 4. | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||||
| a) | Description of the financial instrument, type of instrument | Ordinary shares of no par value. | ||||||
| b) | Identification code | GG00B1W3VF54 | ||||||
| c) | Nature of the transaction | Transfer of shares from the Sirius Real Estate Limited Employee Benefit Trust to satisfy the exercise of an award made under the UK SIP. Following this transaction, Mr. Khader holds a beneficial interest in 145,509 shares, representing 0.0108% of the Company's issued share capital. | ||||||
| d) | Price(s) and volume(s) |
| ||||||
| e) | Date of the transaction | 20 June 2024 (exercise date) | ||||||
| f) | Place of the transaction | Outside a trading venue (off market) | ||||||
| g) | Nature and extent of interest in the transaction | Direct, beneficial | ||||||
| h) | Clearance to deal in these securities was obtained in accordance with paragraph 3.66 of the JSE Listings Requirements. | |||||||
| 1. | Details of PDMR | |||||||
| a) | Name | Mohamed Jiwaji | ||||||
| 2. | Reason for the notification
| |||||||
| a) | Position / status | BizSpace Commercial Director | ||||||
| b) | Initial notification / amendment | Initial notification | ||||||
| 3. | Details of the issuer | |||||||
| a) | Name | Sirius Real Estate Limited
| ||||||
| b) | LEI | 213800NURUF5W8QSK566 | ||||||
| 4. | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||||
| a) | Description of the financial instrument, type of instrument | Ordinary shares of no par value. | ||||||
| b) | Identification code | GG00B1W3VF54 | ||||||
| c) | Nature of the transaction | Transfer of shares from the Sirius Real Estate Limited Employee Benefit Trust to satisfy the exercise of an award made under the UK SIP. Following this transaction, Mr. Jiwaji holds a beneficial interest in 154,050 shares, representing 0.0114% of the Company's issued share capital. | ||||||
| d) | Price(s) and volume(s) |
| ||||||
| e) | Date of the transaction | 20 June 2024 (exercise date) | ||||||
| f) | Place of the transaction | Outside a trading venue (off market) | ||||||
| g) | Nature and extent of interest in the transaction | Direct, beneficial | ||||||
| h) | Clearance to deal in these securities was obtained in accordance with paragraph 3.66 of the JSE Listings Requirements. | |||||||
| 1. | Details of PDMR | |||||||
| a) | Name | Anthony Payne | ||||||
| 2. | Reason for the notification
| |||||||
| a) | Position / status | BizSpace Director of Data Compliance | ||||||
| b) | Initial notification / amendment | Initial notification | ||||||
| 3. | Details of the issuer | |||||||
| a) | Name | Sirius Real Estate Limited
| ||||||
| b) | LEI | 213800NURUF5W8QSK566 | ||||||
| 4. | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||||
| a) | Description of the financial instrument, type of instrument | Ordinary shares of no par value. | ||||||
| b) | Identification code | GG00B1W3VF54 | ||||||
| c) | Nature of the transaction | Transfer of shares from the Sirius Real Estate Limited Employee Benefit Trust to satisfy the exercise of an award made under the UK SIP. Following this transaction, Mr. Payne holds a beneficial interest in 817,763 shares, representing 0.0606% of the Company's issued share capital. | ||||||
| d) | Price(s) and volume(s) |
| ||||||
| e) | Date of the transaction | 20 June 2024 (exercise date) | ||||||
| f) | Place of the transaction | Outside a trading venue (off market) | ||||||
| g) | Nature and extent of interest in the transaction | Direct, beneficial | ||||||
| h) | Clearance to deal in these securities was obtained in accordance with paragraph 3.66 of the JSE Listings Requirements. | |||||||
| 1. | Details of PDMR | |||||||
| a) | Name | Vincent Scammell | ||||||
| 2. | Reason for the notification
| |||||||
| a) | Position / status | BizSpace Sales and Operations Director | ||||||
| b) | Initial notification / amendment | Initial notification | ||||||
| 3. | Details of the issuer | |||||||
| a) | Name | Sirius Real Estate Limited
| ||||||
| b) | LEI | 213800NURUF5W8QSK566 | ||||||
| 4. | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||||
| a) | Description of the financial instrument, type of instrument | Ordinary shares of no par value. | ||||||
| b) | Identification code | GG00B1W3VF54 | ||||||
| c) | Nature of the transaction | Transfer of shares from the Sirius Real Estate Limited Employee Benefit Trust to satisfy the exercise of an award made under the UK SIP. Following this transaction, Mr. Scammell holds a beneficial interest in 75,034 shares, representing 0.0056% of the Company's issued share capital. | ||||||
| d) | Price(s) and volume(s) |
| ||||||
| e) | Date of the transaction | 20 June 2024 (exercise date) | ||||||
| f) | Place of the transaction | Outside a trading venue (off market) | ||||||
| g) | Nature and extent of interest in the transaction | Direct, beneficial | ||||||
| h) | Clearance to deal in these securities was obtained in accordance with paragraph 3.66 of the JSE Listings Requirements. | |||||||
| For further information:
Sirius Real Estate Andrew Coombs, CEO Chris Bowman, CFO |
+44 (0)20 3059 0855 |
| | |
| FTI Consulting (financial PR) Richard Sunderland James McEwan Talia Shirion |
+44 (0)20 3727 1000
|
| | |
| JSE Sponsor PSG Capital | |
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