REG - Sirius Real Estate - Results of Dividend Reinvestment Plan

Sirius Real EstateAnnouncement

13/08/2024 16:00

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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

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