Scrip Dividend & Annual Report & Accounts

SIRIUS REAL ESTATE LIMITED

(Incorporated in Guernsey)

Company Number: 46442

JSE Share Code: SRE

LSE (EUR) Share Code: ESRE

LSE (GBP) Share Code: SRE

ISIN Code: ISIN GG00B1W3VF54

8 June 2020

Sirius Real Estate Limited

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

Posting of Scrip Dividend Alternative Circular; Scrip Dividend Reference Price and Exchange Rate and Availability of Annual Report and Accounts for the year ended 31 March 2020

Sirius Real Estate is pleased to confirm that the Scrip Dividend Alternative Circular and (if appropriate) a Form of Election have today been posted to shareholders and are available on the Company's website: www.sirius-real-estate.com.

An overview timetable of events relating to the Scrip Dividend Alternative is set out below:

For shareholders on the UK Share Register:

Announcement of Final Scrip Dividend	Monday, 1 June 2020
Despatch the Scrip Circular and Form of Election and announce the despatch on RNS	Monday, 8 June 2020
Last day to trade in order to be eligible for the cash dividend or alternatively the scrip dividend	Wednesday, 8 July 2020
Shares commence trading ex the cash dividend or scrip dividend (the UK Ex-Dividend Date)	Thursday, 9 July 2020
Record Date for Shareholders on the UK Register	Friday, 10 July 2020
Deadline by which election to receive the New Shares or election to receive dividend entitlements in Sterling must have been received by the Registrars (Election Return Date)	5.00 p.m. (UK time) on Friday, 24 July 2020
Announcement on RNS of the number of New Shares issued	Wednesday, 12 August 2020
Despatch scrip dividend share certificates, Final Dividend cheques and tax vouchers	Wednesday, 19 August 2020
CREST accounts credited and/or updated with the Final Dividend payment in cash and/or New Shares	Thursday, 20 August 2020
Admission of New Shares to the premium segment of the Official List and to trading on the Main Market	Thursday, 20 August 2020
Final Dividend Payment Date	Thursday, 20 August 2020

 

For shareholders on the South African Share Register:

 

Announcement of Final Scrip Dividend	Monday, 1 June 2020
Despatch the Scrip Circular and Form of Election and announce the despatch on SENS	Monday, 8 June 2020
Last day to trade in order to be eligible for the cash dividend or alternatively the scrip dividend	Tuesday, 7 July 2020
Shares commence trading ex the cash dividend or scrip dividend (the SA Ex-Dividend Date)	Wednesday, 8 July 2020
Record Date for Shareholders on the SA Register	Friday, 10 July 2020
Deadline by which election to receive the New Shares must have been received by the Transfer Secretaries (Election Return Date)	12.00 noon (South African time) on Friday, 24 July 2020
Announcement on SENS of the number of New Shares to be issued	Wednesday, 12 August 2020
Participant/broker accounts credited and/or updated with the Final Dividend payment in cash and/or New Shares	Thursday, 20 August 2020
Despatch scrip dividend share certificates, Final Dividend cheques and tax vouchers	Thursday, 20 August 2020
Listing and admission of New Shares to trading on the JSE	Thursday, 20 August 2020
Final Dividend Payment Date	Thursday, 20 August 2020

 

The above dates and times are subject to change. Any changes will be released on RNS and SENS.

Share certificates may not be dematerialised or rematerialised between Wednesday, 8 July 2020 and Friday, 10 July 2020, both dates inclusive, nor may transfers of shares between sub-registers in the United Kingdom and South Africa take place between Monday, 8 June 2020 and Friday, 10 July 2020, both dates inclusive.

The Final Dividend has been declared in Euro. Shareholders on the UK Share Register may elect to receive their entitlement to the Final Dividend in cash in either Euro or Sterling. Shareholders on the UK Share Register that do not make a valid Sterling currency election will receive any entitlement to the cash dividend in Euro. Shareholders on the South African Share Register (SA Share Register) will receive any entitlement to the cash dividend in Rand.

The Scrip Dividend Reference Prices are as follows:

Shareholders on the UK Share Register:                £0.76542 (Sterling)

Shareholders on the SA Share Register: R16.58040 (Rand)

The conversion rate and the Final Dividend authorised in Sterling (UK Share Register only)

Shareholders on the UK Share Register may elect to receive their entitlement to the Final Dividend in cash in either Euro or Sterling. For Shareholders on the UK Share Register that make a valid Sterling currency election, the conversion rate for the purposes of calculating the Final Dividend authorised in connection with the period ended 31 March 2020 payable to Shareholders on the UK Share Register will be a Euro to Sterling Conversion Rate of 0.88794.

On this basis, Shareholders on the UK Share Register who have elected to receive their entitlement to the Final Dividend in cash in Sterling will receive a gross dividend of £0.01598 (Sterling) per Ordinary Share.

Alternatively, Shareholders on the UK Share Register may elect to receive new shares by way of the Scrip Dividend Alternative.

The conversion rate and the Final Dividend authorised in Rand (SA Share Register only)

The conversion rate for the purposes of calculating the Final Dividend authorised in connection with the period ended 31 March 2020 payable to Shareholders on the SA Share Register will be 19.00000 Rand to 1 Euro.

The Euro to Rand conversion for payment of the dividend in Rand will be settled on Wednesday, 12 August 2020 using the Euro to Rand Conversion Rate which has been fixed by the Company as at the date of this announcement and the Circular.

The gross rate in euro is 1.80 cents. On this basis, Shareholders on the SA Share Register will receive a gross dividend of R0.34200 (Rand) per Ordinary Share, which they may take in cash or in New Shares by electing to do so by way of the Scrip Dividend Alternative.

The number of New Shares which Shareholders electing to take the Scrip Dividend Alternative will receive are as follows:

Shareholders on the UK Share Register:                1 New Share for every 47.89862 Ordinary Shares held

Shareholders on the SA Share Register:                 1 New Share for every 48.48070 Ordinary Shares held

 

 

Information for Shareholders on the SA Share Register

In accordance with the Listings Requirements of the JSE, the Company confirms that the net cash dividend received by SA Shareholders who are not exempt from dividend withholding tax of 20%, is expected to be R0.27360 (Rand) per Ordinary Share.  The Company had 1,038,369,821 Ordinary Shares in issue (there are no shares held in treasury) on Monday, 1 June 2020 the declaration date of the dividend. The Company is incorporated in Guernsey with Company number 46442 and its tax registration number in Guernsey is 1EC.956 and its UK tax number is GB 203993015.

South African Shareholders who elect to receive the dividend in scrip form should not be subject to income tax on receipt of New Shares or dividend withholding tax.

For the purposes of South African shareholders, the Scrip Dividend is likely to be regarded as a foreign dividend. 

Availability of Annual Report for the year ended 31 March 2020

Shareholders are referred to the Company's results for the year ended 31 March 2020 which were published on 1 June 2020. Shareholders are hereby advised that the Annual Report and Accounts is expected to be available for inspection on the Company's website www.sirius-real-estate.com/investors/reports/ from Friday, 12 June 2020.

Shareholders are further advised that in advance of the Company's Annual Report and Accounts for the year ended 31 March 2020 being uploaded to the Company's website on Friday, Sirius is today making available an unformatted version for JSE compliance purposes on the website at www.sirius-real-estate.com/investors/reports/.

Further Information

Terms used but not defined herein have the same meaning given to them as set out in the Scrip Dividend Alternative Circular ("Scrip Circular") to be dispatched on Monday, 8 June 2020.

The distribution of the Scrip Circular in certain jurisdictions (including the United States of America, Canada, Japan, New Zealand or Australia or their respective territories or possessions (subject to applicable exemptions)) other than the United Kingdom, South Africa and Guernsey may be restricted by law. Accordingly, the Scrip Circular may not be distributed or published in any jurisdiction except under circumstances that will result in compliance with any applicable laws and regulations. Persons into whose possession the Scrip Circular comes should inform themselves about and observe any such restrictions. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction.

For further information:   Sirius Real Estate Andrew Coombs, CEO Alistair Marks, CFO	+49 (0)30 285010110
Tavistock Jeremy Carey James Verstringhe	+44 (0)20 7920 3150 +44 (0) 7836 734 625 [email protected]

 

LEI: 213800NURUF5W8QSK566

 

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