Wrap Text
Scrip Dividend Reference Price And Exchange Rate
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
30 November 2020
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 Share Register:
Announcement of Scrip Dividend Alternative Monday, 23 November 2020
Announcement of Reference Price for the New Shares Monday, 30 November 2020
and the Euro to Sterling Conversion Rate released on
RNS
Despatch the Scrip Circular and Form of Election and Monday, 30 November 2020
announce the despatch on RNS
Last day to trade in order to be eligible for the cash Wednesday, 16 December 2020
dividend or alternatively the scrip dividend
Shares commence trading ex the cash dividend or scrip Thursday, 17 December 2020
dividend (the UK Ex-Dividend Date)
Record Date for Shareholders on the UK Share Register Friday, 18 December 2020
Deadline by which election to receive the New Shares or 5.00 p.m. (UK time) on Wednesday, 30
election to receive dividend entitlements in Sterling December 2020
must have been received by the Registrars (Election
Return Date)
Announcement on RNS of the number of New Shares Wednesday, 13 January 2021
issued
Despatch scrip dividend share certificates, Dividend Wednesday, 20 January 2021
cheques and tax vouchers
CREST accounts credited and/or updated with the Thursday, 21 January 2021
Dividend payment in cash and/or New Shares
Admission of New Shares to the premium segment of Thursday, 21 January 2021
the Official List and to trading on Main Market
Dividend Payment Date Thursday, 21 January 2021
For Shareholders on the SA Share Register:
Announcement of Scrip Dividend Alternative Monday, 23 November 2020
Announcement of Reference Price for the New Shares Monday, 30 November 2020
and the Euro to ZAR Conversion Rate released on SENS
Despatch the Scrip Circular and Form of Election and Monday, 30 November 2020
announce the despatch on SENS
Last day to trade in order to be eligible for the cash Monday, 14 December 2020
dividend or alternatively the scrip dividend
Shares commence trading ex the cash dividend or scrip Tuesday, 15 December 2020
dividend (the SA Ex-Dividend Date)
Announcement on SENS regarding Cash Fractions Thursday, 17 December 2020
applicable to the Scrip Dividend, by 11:00 a.m.
Record Date for Shareholders on the SA Share Register Friday, 18 December 2020
Deadline by which election to receive the New Shares 12.00 noon (South African time) on Wednesday,
must have been received by the Transfer Secretaries 30 December 2020
(Election Return Date)
Announcement on SENS of the number of New Shares to Wednesday, 13 January 2021
be issued
Execution of the conversion from Euro to ZAR for Thursday, 14 January 2021
payment of any dividends in ZAR
Participant/broker accounts credited and/or updated Thursday, 21 January 2021
with the Dividend payment in cash and/or New Shares
Despatch scrip dividend share certificates, Dividend Thursday, 21 January 2021
cheques and tax vouchers
Listing and admission of New Shares to trading on the Thursday, 21 January 2021
JSE
Dividend Payment Date Thursday, 21 January 2021
The above dates and times are subject to change. Any changes will be released on RNS and SENS.
To facilitate settlement of the Dividend to entitled SA Shareholders, share certificates may not be
dematerialised or rematerialised between Tuesday, 15 December 2020 (the SA Ex-Dividend Date) and
Friday, 18 December 2020 (the Record Date). No transfers of Shares shall be registered in the SA Share
Register, or between the SA Share Register and the UK Share Register, between Monday, 30 November
2020 (the Reference Price date) and Friday, 18 December 2020. All dates are inclusive.
The Dividend has been declared in Euro. Shareholders on the UK Share Register may choose to receive
their entitlement to the Dividend in cash in either Euro or Sterling. Shareholders on the UK Share Register
who do not make a valid Sterling currency election will receive any entitlement to the cash dividend in
Euro. Shareholders on the SA Share Register will receive any entitlement to the cash dividend in ZAR.
The Scrip Dividend Reference Prices are as follows:
Shareholders on the UK Share Register: £0.87443 (Sterling)
Shareholders on the SA Share Register: 1,771.50845 (ZAR cents)
Therefore, the number of New Shares which Shareholders electing to take the Scrip Dividend Alternative
will receive are (subject to the treatment of any fractions) as follows:
Shareholders on the UK Share Register: 1 New Share for every 54.07730 Ordinary Shares held
Shareholders on the SA Share Register: 1 New Share for every 53.86587 Ordinary Shares held
Fractions
Where an entitlement to New Shares in relation to the Scrip Dividend Alternative as calculated in
accordance with the formulae described above gives rise to a fraction of a New Share, such fractional
entitlement shall be treated as follows:
Shareholders on the UK Share Register:
No fraction of a New Share will be issued to Shareholders on the UK Share Register, and the relevant
amount of Dividend will be retained for the benefit of the Company.
Shareholders on the SA Share Register:
Trading in the Strate environment does not permit fractions and fractional entitlements. Any fractional
entitlement will be rounded down to the nearest whole number, resulting in allocations of whole
securities and a cash payment in ZAR for the fractional amount.
The Euro to Sterling Conversion Rate (UK Share Register only)
For Shareholders on the UK Share Register who make a valid Sterling currency election, the conversion
rate for the purposes of calculating the Dividend for the six months ended 30 September 2020 will be a
Euro to Sterling Rate of £0.88849.
On this basis, Shareholders on the UK Share Register who have elected to receive their entitlement to the
Dividend in cash in Sterling will receive a gross dividend of £0.01617 (Sterling) per Ordinary Share.
Alternatively, Shareholders on the UK Share Register may elect to receive New Shares by way of the Scrip
Dividend Alternative.
The Euro to ZAR Conversion Rate (SA Share Register only)
For Shareholders on the SA Share Register, the conversion rate for the purposes of calculating the
Dividend authorised in connection with the period ended 30 September 2020 will be 18.07000 ZAR to 1
Euro.
The Euro to ZAR conversion for payment of the dividend in ZAR will be settled on Thursday, 14 January
2021, using the Euro to ZAR Conversion Rate which has been fixed by the Company as at the date of this
announcement and the Circular.
On this basis, Shareholders on the SA Share Register will receive a gross dividend of 32.88740 (ZAR cents)
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.
Information for Shareholders on the SA Share Register
Tax
In accordance with the Listings Requirements of the JSE, the Company confirms that the net cash dividend
received by SA Shareholders who are not exempt from dividend withholding tax of 20%, is expected to be
26.30992 (ZAR cents) per Ordinary Share.
South African Shareholders who elect to receive the Dividend in scrip form should not be subject to
income tax or dividend withholding tax on receipt of the New Shares, and the Scrip Dividend is likely to
be regarded as a foreign dividend.
General information
On Monday, 23 November 2020, being the declaration date of the Dividend, the Company had in issue
1,045,351,272 Ordinary Shares carrying voting rights, and there were no shares held in treasury. The
Company is incorporated in Guernsey with Company number 46442 and its tax registration number in
Guernsey is 1EC.956 and its UK tax number is GB 203993015.
Further Information
Terms used but not defined herein have the same meaning given to them as set out in the Scrip Dividend
Alternative Circular (“Scrip Circular”) to be dispatched on Monday, 30 November 2020.
The distribution of the Scrip 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 Scrip 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 Scrip 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 +49 (0)30 285010110
Alistair Marks, CFO
FTI Consulting (financial PR)
Richard Sunderland (+44) 020 3727 1000
Claire Turvey
Talia Jessener
SiriusRealEstate@fticonsulting.com
JSE Sponsor
PSG Capital
Date: 30-11-2020 05:25:00
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.
Sharenet Sites 
