Sirius Real Estate Limited Cash fraction applicable to the Scrip Dividend (0013J)
December 17 2020 - 6:00AM
UK Regulatory
TIDMSRE
RNS Number : 0013J
Sirius Real Estate Limited
17 December 2020
SIRIUS REAL ESTATE LIMITED
(Incorporated in Guernsey)
Company Number: 46442
JSE Share Code: SRE
LSE (GBP) Share Code: SRE
LSE (EUR) Share Code: ESRE
LEI: 213800NURUF5W8QSK566
ISIN Code: GG00B1W3VF54
17 December 2020
Sirius Real Estate Limited
("Sirius Real Estate" or the "Company")
Cash fraction applicable to the Scrip Dividend
Shareholders of the Company ("Shareholders") are referred to the
condensed consolidated financial results for the year ended 30
September 2020, published on RNS and SENS on 23 November 2020, in
which the Company declared a cash dividend with the alternative to
elect to receive a scrip dividend ("Scrip Dividend Alternative"),
as well as the announcements published on RNS and SENS on 30
November 2020 and the Shareholder Circular dated 30 November 2020,
relating to the Scrip Dividend Alternative.
The attention of Shareholders is accordingly drawn to the
following terms relating to the fractions applicable to the Scrip
Dividend Alternative.
Shareholders on the UK Register
Where the operation of the Scrip Dividend Alternative would
result in a Share Elector being entitled to less than one New Share
(for example where that Share Elector held a small number of
Ordinary Shares) no fraction of a New Share will be issued, and the
relevant amount of authorised Dividend will be retained for the
benefit of the Company.
Shareholders on the SA Register
No fractions of a New Share will be issued to Shareholders on
the SA Register.
You cannot accumulate residual entitlements or receive a
fraction of a New Share. Where you have made an election to
participate in the Scrip Dividend Alternative, which would
otherwise give rise to an entitlement to a fraction of a New Share,
the number of New Shares to be received will be rounded down and
any residual entitlement which is less than the price of one New
Share (as calculated in accordance with paragraph 3 of the terms
and conditions set out in the C ircular) will be paid to you in
cash in Rand.
The cash fractional payment was determined with reference to the
volume weighted traded price on the JSE on, Tuesday, 15 December
2020 (being the date on which the Ordinary Shares began trading on
the JSE ex the cash dividend or scrip dividend) of 1872.38163 ZAR
Cents, discounted by 10% ("Fractional Reference Price").
Shareholders are accordingly advised that the Fractional Reference
Price is 1685.14347 ZAR Cents (1872.38163 ZAR Cents discounted by
10%). The cash fractional payment may be considered to be revenue
or capital in nature and will depend on the nature of the
pre-existing Ordinary Shares held by S hareholders of the Company.
The cash fractional payment is not regarded as a dividend for South
African tax purposes and will not be subject to dividends tax.
Shareholders are advised to seek their own tax advice from an
independent tax adviser should they be in any doubt as to the tax
treatment for them of any cash fractional payment.
Further Information
Terms used but not defined herein have the same meaning given to
them as set out in the Circular.
The distribution of the 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 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 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
FTI Consulting (financial PR)
Richard Sunderland
Claire Turvey
Talia Jessener
SiriusRealEstate@fticonsulting.com (+44) 020 3727 1000
JSE Sponsor
PSG Capital
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END
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