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Posting of Scrip Dividend Alternative Circular and
Scrip Dividend Reference Price and Exchange Rate
SIRIUS REAL ESTATE LIMITED
(Incorporated in Guernsey)
Company Number: 46442
Share Code: SRE
ISIN Code: ISIN GG00B1W3VF54
27 May 2016
Sirius Real Estate Limited
("Sirius Real Estate" or the "Company")
Posting of Scrip Dividend Alternative Circular and
Scrip Dividend Reference Price and Exchange Rate
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 Register:
Announcement of Final Dividend 23 May 2016
Despatch the Scrip Circular and Form of Election 27 May 2016
Announcement of Reference Price for the Scrip 27 May 2016
Dividend Shares released on RNS
Last day to trade in order to be eligible for the cash 15 June 2016
dividend or alternatively the Scrip Dividend
Shares commence trading ex the cash dividend or Scrip 16 June 2016
Dividend
Record Date for UK Shareholders 17 June 2016
Deadline by which election to receive the Scrip 5.00 p.m. (UK time) on 01 July 2016
Dividend Shares must have been received by the
Registrars (Election Return Date)
Announcement on RNS of the number of New Shares 11 July 2016
issued
Despatch Scrip Dividend share certificates, Final 14 July 2016
Dividend cheques and tax vouchers
CREST accounts credited and/or updated with the Final 15 July 2016
Dividend payment in cash and/or Scrip Dividend Shares
Admission of Scrip Dividend Shares to trading on AIM 15 July 2016
Final Dividend Payment Date 15 July 2016
For shareholders on the South African Register
Announcement of Final Dividend 23 May 2016
Despatch the Scrip Circular and Form of 27 May 2016
Election
Announcement of Reference Price for the Scrip 27 May 2016
Dividend Shares and the Euro to Rand
Conversion Rate released on SENS
Last day to trade in order to be eligible for the 09 June 2016
cash dividend or alternatively the Scrip
Dividend
Shares commence trading ex the cash dividend 10 June 2016
or Scrip Dividend
Record Date for SA Shareholders 17 June 2016
Deadline by which election to receive the Scrip 12.00 noon (South African time) on 17 June
Dividend Shares must have been received by 2016
the Transfer Secretaries (Election Return Date)
Announcement on SENS of the number of New 11 July 2016
Shares issued
CSDP/broker accounts credited and/or updated 15 July 2016
with the Final Dividend payment in cash and/or
Scrip Dividend Shares
Despatch Scrip Dividend Share certificates, Final 15 July 2016
Dividend cheques and tax vouchers
Admission of Scrip Dividend Shares to trading 15 July 2016
on JSE
Final Dividend Payment Date 15 July 2016
Notes
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 nor may transfers of shares between
sub-registers in the United Kingdom and South Africa take place between 27 May 2016 and 17 June
2016, both days inclusive.
As set out in the Scrip Dividend Alternative Circular, Sirius Real Estate today announces the Scrip
Dividend Reference Prices and the Conversion Rate for the purposes of converting the Final Dividend
declared in connection with the year ended 31 March 2016 from Euros into Rand (for Shareholders on
the SA Share Register).
The Scrip Dividend Reference Prices are as follows:
Shareholders on the UK Share Register: 48.22 cents (Euro)
Shareholders on the SA Share Register: 830.45839 cents (Rand)
The number of New Shares, which Shareholders electing to take the Scrip Dividend Alternative will
therefore receive, are as follows:
Shareholders on the UK Share Register: 1 New Share for every 37.09231 Ordinary Shares
held
Shareholders on the SA Share Register: 1 New Share for every 36.84113 Ordinary Shares held
The Conversion Rate
The Conversion Rate (which will also be the Euro to Rand Conversion Rate in the Scrip Dividend
Alternative Circular) for the purposes of calculating the Final Dividend declared in connection with the
year ended 31 March 2016 payable to Shareholders on the SA Share Register will be 17.3397 Rand to
1 Euro. For purposes of South African shareholders the Scrip Dividend is regarded as a foreign
dividend.
On this basis, Shareholders on the SA Share Register will receive a dividend of 22.54161 cents (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.
In accordance with the Listings Requirements of the JSE, the Company confirms that any cash dividend
received by SA Shareholders who are not exempt from dividend withholding tax of 15%, is expected
to be 19.16037 cents (Rand) per Ordinary Share. As set out in the Scrip Dividend Alternative Circular,
South African Shareholders who have elected to receive the dividend in scrip form should not be
subject to income tax on receipt of New Shares or dividend withholding tax.
Enquiries:
Sirius Real Estate
Andrew Coombs, CEO +49 (0)30 285010110
Alistair Marks, CFO
Peel Hunt – Nomad and Joint Broker
Capel Irwin +44 (0)20 7418 8900
George Huntley
PSG Capital – JSE Sponsor
David Tosi +27 (0)21 887 9602
Willie Honeyball
Canaccord Genuity Limited - Joint Broker
Bruce Garrow +44 (0)20 7523 8000
Chris Connors
Mark Whitmore
Novella
Tim Robertson +44 (0)20 3151 7008
Ben Heath
Date: 27/05/2016 05:45:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
