Purchases of Shares in Close Period
May 18 2009 - 6:05AM
UK Regulatory
TIDMSRE TIDMPCX
RNS Number : 4089S
Sirius Real Estate Limited
18 May 2009
Sirius Real Estate Limited
('SRE' or the 'Company')
Purchases of Shares in Close Period
The Company has been informed that on 15 May 2009 Athol Trust and Springbok
Trust each acquired 6,875 SRE shares at an average price of 22c per share.
This acquisition of shares in SRE was executed under the terms of a close period
trading plan, which was entered into by Frank Oppenheim and Kevin Oppenheim,
both of whom are directors of the Company's asset manager, on 31 March
2009 (prior to the commencement of the Company's current close period). This
trading plan is to be executed by the Company's corporate broker, JPMorgan
Cazenove, to purchase on their behalf and within certain pre-set parameters,
ordinary shares in SRE and expires on the date on which the Company's
Preliminary results to 31 March 2009 are announced.
Frank Oppenheim and Kevin Oppenheim, both of whom are directors of the Company's
asset manager, Principle Capital Sirius Real Estate Asset Management Limited,
are the beneficiaries of, respectively, Athol Trust and Springbok Trust.
In addition, Frank and Kevin Oppenheim each indirectly hold 25% of the share
capital of Staracre Limited, which owns 15,000,000 ordinary shares of the
Company.
Following the above acquisitions, Frank Oppenheim indirectly holds 9,140,085
ordinary shares of the Company representing 3.02% of the ordinary shares in
issue. Kevin Oppenheim indirectly holds 9,140,088 ordinary shares of the Company
representing 3.02% of the ordinary shares in issue.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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