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SIRIUS REAL ESTATE LIMITED - Notification Of Major Interest In Shares

Release Date: 29/06/2016 11:00
Code(s): SRE     PDF:  
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Notification Of Major Interest In Shares

SIRIUS REAL ESTATE LIMITED
(Incorporated in Guernsey)
Company Number: 46442
Share Code: SRE
ISIN Code: ISIN GG00B1W3VF54

For filings with the FCA include the annex
For filings with issuer exclude the annex


TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi

1. Identity of the issuer or the underlying issuer
of existing shares to which voting rights are                           SIRIUS REAL ESTATE LIMITED
attached: ii

2 Reason for the notification (please tick the appropriate box or boxes):

An acquisition or disposal of voting rights                                                  X

An acquisition or disposal of qualifying financial instruments which may result in the
acquisition of shares already issued to which voting rights are attached
An acquisition or disposal of instruments with similar economic effect to qualifying
financial instruments
An event changing the breakdown of voting rights
Other (please
specify):

3. Full name of person(s) subject to the         KAROO INVESTMENT FUND SCA SICAV SIF
notification obligation: iii



4. Full name of shareholder(s)                   KAROO INVESTMENT FUND SCA SICAV SIF
 (if different from 3.):iv

5. Date of the transaction and date on
which the threshold is crossed or                28 June 2016
reached: v

6. Date on which issuer notified:                28 June 2016

7. Threshold(s) that is/are crossed or
                                                 Below 3%
reached: vi, vii
8. Notified details:
A: Voting rights attached to shares viii, ix
Class/type of        Situation previous          Resulting situation after the triggering transaction
shares               to the triggering
                     transaction
if possible using    Number         Number       Number           Number of voting          % of voting rights x
the ISIN CODE        of             of           of shares        rights
                     Shares         Voting                                     Indirect
                                                 Direct           Direct xi                 Direct          Indirect
                                    Rights                                     xii




GG00B1W3VF54          63,339,123    63,339,123    11,245,979      11,245,979                1.35%


B: Qualifying Financial Instruments

Resulting situation after the triggering transaction
Type of financial          Expiration    Exercise/                      Number of voting             % of voting
instrument                 date xiii     Conversion Period      xiv     rights that may be           rights
                                                                        acquired if the
                                                                        instrument is
                                                                        exercised/ converted.


C: Financial Instruments with similar economic effect to Qualifying Financial Instruments
xv, xvi

Resulting situation after the triggering transaction
Type of financial     Exercise     Expiration    Exercise/        Number of voting rights       % of voting rights xix,
instrument            price        date xvii     Conversion       instrument refers to          xx

                                                 period xviii
                                                                                                Nominal       Delta

Total (A+B+C)
Number of voting rights                                   Percentage of voting rights

11,245,979                                                1.35%

9. Chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held, if applicable: xxi


Proxy Voting:
10. Name of the proxy holder:

11. Number of voting rights proxy holder will cease
to hold:

12. Date on which proxy holder will cease to hold
voting rights:


                                            

                                             The Karoo Investment Fund returned 62,271,183 Sirius
13. Additional information:                  Real Estate Limited (the “Company”) shares to its
                                             shareholders by way of a distribution-in-kind on 24 June
                                             2016.
                                             At the same time, the Fund converted the €5 million
                                             convertible loan note issued by the Company held by the
                                             Fund for 22,814,731 shares. On 28 June 2016 the Fund
                                             sold 12 million shares.


14. Contact name:                            Charl Cloete at Clearance Capital LLP


15. Contact telephone number:                +44 203 0027 685

Note: Annex should only be submitted to the FCA not the issuer

Annex: Notification of major interests in shares xxii


A: Identity of the persons or legal entity subject to the notification obligation
Full name
(including legal form of legal entities)                 KAROO INVESTMENT FUND SCA SICAV SIF

Contact address                                          20 BOULEVARD E. SERVAIS
(registered office for legal entities)                   L-2535 LUXEMBOURG
                                                         GRAND DUCHY OF LUXEMBOURG

Phone number & email
                                                         +44 203 0027685
                                                         ccloete@clearancecap.com
Other useful information
(at least legal representative for legal persons)




B: Identity of the notifier, if applicable
Full name
                                                         Charl Cloete
Contact address                                          Clearance Capital LLP
                                                         26 Throgmorton Street
                                                         London EC2N 2AN
Phone number & email
                                                         +44 203 0027685
                                                         ccloete@clearancecap.com
Other useful information
(e.g. functional relationship with the person or legal
entity subject to the notification obligation)

C: Additional information

For notes on how to complete form TR-1 please see the FCA website.

29 June 2016

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