1st May 2007 08:26
AIM01 May 2007 ANNOUNCEMENT TO BE MADE BY THE AIM APPLICANT PRIOR TO ADMISSION IN ACCORDANCE WITH RULE 2 OF THE AIM RULES FOR COMPANIES ("AIM RULES") COMPANY NAME: Dawnay, Day Sirius Limited COMPANY REGISTERED OFFICE ADDRESS AND IF DIFFERENT, COMPANY TRADING ADDRESS (INCLUDING POSTCODES) : PO Box 119 Martello Court Admiral Park St. Peter Port Guernsey GY1 3HB COUNTRY OF INCORPORATION: Guernsey COMPANY WEBSITE ADDRESS CONTAINING ALL INFORMATION REQUIRED BY AIM RULE 26: www.dawnaydaysirius.com COMPANY BUSINESS (INCLUDING MAIN COUNTRY OF OPERATION) OR, IN THE CASE OF AN INVESTING COMPANY, DETAILS OF ITSINVESTING STRATEGY). IF THE ADMISSION IS SOUGHT AS A RESULT OF A REVERSE TAKE-OVER UNDER RULE 14, THIS SHOULD BESTATED: The company is a closed-ended Guernsey incorporated property investment company. The company has been formed withthe intention of providing institutional investors with access by way of a publicly listed vehicle to Germancommercial real estate, with a primary focus on offices, business parks and industrial complexes. The Company'sprincipal objective is to generate total returns for shareholders through the payment of semi-annual dividendsand net asset value growth, primarily through capital appreciation in the Group's portfolio. The company willinvest in large mixed use commercial real estate assets in Germany suitable for upgrading into flexible workspaceto be leased predominantly to small and medium sized enterprises (SMEs). The Company intends to increase the group's portfolio size from EUR 206 million after the acquisition of theinitial portfolio to up to EUR 750 million over the next 12 to 18 months through the acquisition of further largemixed-use commercial real estate assets in Germany which meet the Group's investment objective and polices. TheCompany's intention is that no single site with a price in excess of 15 per cent. of the target portfolio of EUR750 million will be acquired. The Company will be an active investor and will not have a finite life. The Company has a board of five non-executive directors and the Company will be managed by Dawnay, Day SiriusReal Estate Management Limited which will identify acquisition targets and provide real estate and portfoliomanagement services to the Company. The Dawnay, Day Group and Sirius Facilities GmbH have developed local andregional knowledge as a result of their respective activities in property markets throughout Germany over thelast three years (in the case of Dawnay, Day Group) and the last 18 months (in the case of Sirius FacilitiesGmbH). In evaluating new investment opportunities, the criteria that will be considered include: levels of demand at thelocation for premises from local SMEs; levels of business activity at the location; quality of location andsuitability of premises for sub-division into flexible workspaces in order to offer a range of businessaccommodation; whether site densities are sufficiently low, prevalence of good car parking, and amounts ofsurplus land for expansion and development by third parties of complementary uses (for example, as a hotel forself storage facilities); whether capital values are sufficiently low; and potential to generate significantreturn on costs as multi-let workspace. DETAILS OF SECURITIES TO BE ADMITTED INCLUDING ANY RESTRICTIONS AS TO TRANSFER OF THE SECURITIES (i.e. whereknown, number and type of shares, nominal value and issue price to which it seeks admission and the number andtype to be held as treasury shares): Ordinary shares of no par value, to be issued at EUR 1.00 each. Up to 300 million Ordinary shares will be issued(assuming no exercise of the over-allotment option). CAPITAL TO BE RAISED ON ADMISSION (IF APPLICABLE) AND ANTICIPATED MARKET CAPITALISATION ON ADMISSION: Up to EUR 300 million (assuming no exercise of the over-allotment option). PERCENTAGE OF AIM SECURITIES NOT IN PUBLIC HANDS AT ADMISSION: 9.3% DETAILS OF ANY OTHER EXCHANGE OR TRADING PLATFORM TO WHICH THE AIM SECURITIES (OR OTHER SECURITIES OF THECOMPANY) ARE OR WILL BE ADMITTED OR TRADED: None FULL NAMES AND FUNCTIONS OF DIRECTORS AND PROPOSED DIRECTORS (underlining the first name by which each is knownor including any other name by which each is known): Richard (Dick) David Kingston (Non-executive Chairman) Christopher Norman Fish (Non-executive Director) Peter Richard Klimt (Non-executive Director) Gerhard Niesslein (Non-executive Director) Robert Archibald Gilchrist Sinclair (Non-executive Director) FULL NAMES AND HOLDINGS OF SIGNIFICANT SHAREHOLDERS EXPRESSED AS A PERCENTAGE OF THE ISSUED SHARE CAPITAL, BEFOREAND AFTER ADMISSION (underlining the first name by which each is known or including any other name by which eachis known): Before Admission CO1 Limited - 1 Ordinary Share CO2 Limited - 1 Ordinary Share Post Admission Staracre Limited - 9.3% Taube Hodson Stonex Partners Ltd - 6.0% Lansdowne Partners Ltd - 6.0% ING Clarion - 5.0% Henderson Global Investors Ltd - 3.5% F&C Asset Management Plc - 3.3% TT International Investment Management - 3.3% Societe Generale SA - 3.0% Magnetar Financial - 3.0% Wellington Management Co LLP - 3.0% NAMES OF ALL PERSONS TO BE DISCLOSED IN ACCORDANCE WITH SCHEDULE 2, PARAGRAPH (H) OF THE AIM RULES: None (i) ANTICIPATED ACCOUNTING REFERENCE DATE (ii) DATE TO WHICH THE MAIN FINANCIAL INFORMATION IN THE ADMISSION DOCUMENT HAS BEEN PREPARED (iii) DATES BY WHICH IT MUST PUBLISH ITS FIRST THREE REPORTS PURSUANT TO AIM RULES 18 AND 19: (i) 31 March (ii) 1 March 2007 (iii) Half yearly reports: to 30 September 2007 by 31 December 2007, to 30 September 2008 by 31December 2008, to 30 September 2009 by 31 December 2009. Annual accounts: to 31 March 2008 by 30 September 2008,to 31 March 2009 by 30 September 2009, to 31 March 2010 by 30 September 2010. EXPECTED ADMISSION DATE: 4 May 2007 NAME AND ADDRESS OF NOMINATED ADVISER: JPMorgan Cazenove Limited 20 Moorgate London EC2R 6DA NAME AND ADDRESS OF BROKER: JPMorgan Cazenove Limited 20 Moorgate London EC2R 6DA OTHER THAN IN THE CASE OF A QUOTED APPLICANT, DETAILS OF WHERE (POSTAL OR INTERNET ADDRESS) THE ADMISSIONDOCUMENT WILL BE AVAILABLE FROM, WITH A STATEMENT THAT THIS WILL CONTAIN FULL DETAILS ABOUT THE APPLICANT AND THEADMISSION OF ITS SECURITIES: PO Box 119 Martello Court Admiral Park St. Peter Port Guernsey GY1 3HB DATE OF NOTIFICATION: 1 May 2007 NEW/ UPDATE: Update This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Sirius Real Estate