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Determination Of Rand Denominated Subscription Consideration In Terms Of The Private Placement
SIRIUS REAL ESTATE LIMITED
(Incorporated in Guernsey)
Company Number: 46442
Share Code: SRE
ISIN Code: ISIN GG00B1W3VF54
(“Sirius” or “the Company”)
DETERMINATION OF RAND DENOMINATED SUBSCRIPTION CONSIDERATION IN
TERMS OF THE PRIVATE PLACEMENT
Private placement applicants are referred to the SENS announcement
of the Company released earlier today, in terms of which the Company
advised that it successfully placed a total of 105,263,158 ordinary
shares (“Private Placement Shares”), representing 20% of the
Company’s current issued share capital (excluding treasury shares),
of which 90,008,658 Private Placement Shares were placed on the
South African register and the balance onto the United Kingdom
register at an issue price of €0.38 cents per share, for an
aggregate subscription amount of €40 million.
Private placement applicants that will subscribe for shares on the
South African register are hereby advised that the exchange rate for
the determination of your Rand denominated subscription
consideration shall be ZAR13.74:EUR1, being the closing ZAR:EUR
exchange rate, as quoted by Bloomberg, at 17:00 (CAT) today, 28
November 2014.
Guernsey
28 November 2014
Transaction adviser, sole bookrunner and sponsor in relation to the
listing on AltX and the Private Placement in South Africa: PSG
Capital (Pty) Ltd
Sole bookrunner and nomad in relation to the AIM Rules and private
placing in the UK: Peel Hunt
Legal Adviser as to English and South African law: Norton Rose
Fulbright
Date: 28/11/2014 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.
