RNS Number : 2797T
Sirius Real Estate Limited
20 June 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

 

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)

Price(s)

(p/GBP)

 

Volume(s)

Total(s)

(p/GBP)

Nil Cost

96,473

0.00

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)

Price(s)

(p/GBP)

 

Volume(s)

Total(s)

(p/GBP)

Nil Cost

96,473

0.00

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)

Price(s)

(p/GBP)

 

Volume(s)

Total(s)

(p/GBP)

Nil Cost

96,473

0.00

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)

Price(s)

(p/GBP)

 

Volume(s)

Total(s)

(p/GBP)

Nil Cost

75,034

0.00

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


SiriusRealEstate@fticonsulting.com

 

+44 (0)20 3727 1000

 



JSE Sponsor

PSG Capital


 

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