11th Jun 2025 15:00
SIRIUS REAL ESTATE LIMITED
(Incorporated in Guernsey)
Company Number: 46442
JSE Share Code: SRE
LSE (GBP) Share Code: SRE
LEI: 213800NURUF5W8QSK566
ISIN Code: GG00B1W3VF54
11 June 2025
Sirius Real Estate Limited
("Sirius Real Estate", "Sirius" or the "Company")
Notifications of transactions by Persons Discharging Managerial Responsibilities ("PDMRs")
1. Allotment of Sirius Real Estate Limited 2021 Long Term Incentive Plan ("2021 LTIP") Shares
Sirius Real Estate announces that awards granted on 18 July 2022 under the 2021 LTIP vested on 23 May 2025 to 6 participants in respect of 1,852,524 ordinary shares of no par value in the Company ("Ordinary Shares"). The awards were exercised on 10 June 2025, following which the requisite tax instructions were obtained from the participants.
1,318,254 Ordinary Shares are now due to be delivered to satisfy these awards and a further 534,270 Ordinary Shares have been withheld in settlement of certain participants' tax liabilities arising in respect of the vesting. Accordingly, 1,318,254 new Ordinary Shares will be issued to the relevant participants. Disclosure of the vested awards under the 2021 LTIP in respect of each participant who is a Person Discharging Managerial Responsibilities ("PDMRs") are detailed further at the end of this announcement.
Following the issue of the new Ordinary Shares, the total number of voting rights in the Company will be 1,513,175,644. There are no shares held in Treasury.
Application has been made for the new Ordinary Shares to be admitted to trading on the Main Market of London Stock Exchange Plc ("LSE"), to be admitted to listing on the equity shares (commercial companies) category of the Official List of the Financial Conduct Authority and to be listed on the Main Board of the JSE Limited ("JSE"). It is expected that admission of the new Ordinary Shares will take place at commencement of trade on both the LSE at 8.00am (BST) and on the JSE at 9.00am (SAST), on or around 18 June 2025.
2. Sirius Real Estate Limited Deferred Bonus Plan ("DBP")
Certain awards granted under the DBP vested on 23 May 2025 to four participants, in respect of 635,038 Ordinary Shares. The awards were exercised on 10 June 2025 following which the requisite tax instructions were obtained from the participants. Disclosure of the vested awards under the DBP in respect of each participant who is a PDMR are detailed further at the end of this announcement.
518,751 Ordinary Shares are now due to be delivered by the Sirius Real Estate Limited Employee Benefit Trust ("EBT") to the participants to satisfy these awards under the DBP and a further 116,287 Ordinary Shares have been withheld in settlement of certain participants' tax liabilities arising in respect of the vesting of the awards.
No new Ordinary Shares are being issued as a result of the awards vesting under the DBP.
3. Sirius Real Estate Limited UK Share Incentive Plan ("UK SIP")
Certain awards granted under the UK SIP vested on 23 May 2025 to five participants in respect of 365,176 Ordinary Shares. The awards were exercised on 10 June 2025 following which the requisite tax instructions were obtained from the participants. Disclosure of the vested awards under the UK SIP in respect of the one participant who is a PDMR are detailed further at the end of this announcement.
193,539 Ordinary Shares are now due to be delivered by the EBT to the participants to satisfy these awards and a further 171,637 Ordinary Shares have been withheld in settlement of certain participants' tax liabilities arising in respect of the vesting of the awards.
No new Ordinary Shares are being issued as a result of the awards vesting under the UK SIP.
Notification of dealing forms
1.
1. | Details of PDMR / person closely associated with them ("PCA") | ||||||||||
a) | Name | Andrew Coombs | |||||||||
2. | Reason for the notification
| ||||||||||
a) | Position / status | Chief Executive 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 transactions | Acquisition of new ordinary shares issued and transfer of shares from the EBT to satisfy awards made under the 2021 LTIP and the DBP, respectively.
Following these transactions, Mr. Coombs and his PCAs hold a beneficial interest in 12,661,146 ordinary shares, representing 0.84% of the Company's issued share capital. | |||||||||
d) | Price(s) and volume(s) |
| |||||||||
e) | Date of the transactions | 10 June 2025 (exercise date) | |||||||||
f) | Place of the transactions | Outside a trading venue (off market) | |||||||||
g) | Nature and extent of interest in the transactions | Direct, beneficial | |||||||||
h) | Clearance to deal in these securities was obtained in accordance with paragraph 3.66 of the JSE Listings Requirements. | ||||||||||
2.
1. | Details of PDMR / person closely associated with them ("PCA") | |||||||
a) | Name | Chris Bowman | ||||||
2. | Reason for the notification
| |||||||
a) | Position / status | Chief Financial 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 | Acquisition of new ordinary shares issued to satisfy an award made under the DBP.
Following this transaction, Mr. Bowman and his PCAs hold a beneficial interest in 275,786 ordinary shares, representing 0.018% of the Company's issued share capital. | ||||||
d) | Price(s) and volume(s) |
| ||||||
e) | Date of the transaction | 10 June 2025 (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. | |||||||
3.
1. | Details of PDMR / person closely associated with them ("PCA") | |||||||
a) | Name | Rüdiger Swoboda | ||||||
2. | Reason for the notification
| |||||||
a) | Position / status | Chief Operating 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 | Acquisition of new ordinary shares issued to satisfy an award made under the 2021 LTIP.
Following this transaction, Mr. Swoboda holds a beneficial interest in 2,171,100 ordinary shares, representing 0.14% of the Company's issued share capital. | ||||||
d) | Price(s) and volume(s) |
| ||||||
e) | Date of the transaction | 10 June 2025 (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. | |||||||
4.
1. | Details of PDMR / person closely associated with them ("PCA") | |||||||
a) | Name | Kremena Wissel | ||||||
2. | Reason for the notification
| |||||||
a) | Position / status | Chief Marketing & Impact 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 | Acquisition of new ordinary shares issued to satisfy an award made under the 2021 LTIP.
Following this transaction, Mrs Wissel holds a beneficial interest in 1,214,925 ordinary shares, representing 0.08% of the Company's issued share capital. | ||||||
d) | Price(s) and volume(s) |
| ||||||
e) | Date of the transaction | 10 June 2025 (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. | |||||||
5.
1. | Details of PDMR | ||||||||||
a) | Name | Tariq Khader | |||||||||
2. | Reason for the notification
| ||||||||||
a) | Position / status | 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 transactions | Transfer of ordinary shares from the EBT to satisfy the exercise of awards made under the DBP and the UK SIP, respectively. Following these transactions, Mr. Khader holds a beneficial interest in 237,498 ordinary shares, representing 0.016% of the Company's issued share capital. | |||||||||
d) | Price(s) and volume(s) |
| |||||||||
e) | Date of the transactions | 10 June 2025 (exercise date) | |||||||||
f) | Place of the transactions | Outside a trading venue (off market) | |||||||||
g) | Nature and extent of interest in the transactions | 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 Ellie Smith |
+44 (0)20 3727 1000
|
JSE Sponsor PSG Capital |
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Sirius Real Estate