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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
2 December 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 Form of Election
have today been posted to shareholders and are available on the Company's website: www.sirius-
real-estate.com.
Capitalised terms in this announcement have the same meaning as given to them in the Scrip Circular .
An overview timetable of events relating to the Scrip Dividend Alternative is set out below:
For shareholders on the UK Share Register
Announcement of Interim Dividend 28 November 2016
Despatch the Scrip Circular and Form of Election 2 December 2016
Announcement of Reference Price for the New Shares 2 December 2016
released on RNS
Last day to trade in order to be eligible for the cash 14 December 2016
dividend or alternatively the scrip dividend
Shares commence trading ex the cash dividend or scrip 15 December 2016
dividend
Record Date for UK Shareholders 16 December 2016
Deadline by which election to receive the New Shares 5 p.m. (UK time) on 6 January 2017
must have been received by the Registrars (Election
Return Date)
CFD-#19209499-v1
Announcement on RNS of the number of New Shares 13 January 2017
issued
Despatch scrip dividend share certificates, Interim 19 January 2017
Dividend cheques and tax vouchers
CREST accounts credited and/or updated with the 20 January 2017
Interim Dividend payment in cash and/or New Shares
Admission of New Shares to trading on AIM 20 January 2017
Interim Dividend Payment Date 20 January 2017
For shareholders on the South African Share Register
Announcement of Interim Dividend 28 November 2016
Despatch the Scrip Circular and Form of 2 December 2016
Election
Announcement of Reference Price for the New 2 December 2016
Shares and the Euro to Rand Conversion Rate
released on SENS
Last day to trade in order to be eligible for the 12 December 2016
cash dividend or alternatively the scrip dividend
Shares commence trading ex the cash dividend 13 December 2016
or scrip dividend
Record Date for SA Shareholders 15 December 2016
Deadline by which election to receive the New 12.00 noon (South African time) on 15
Shares must have been received by the December 2016
Transfer Secretaries (Election Return Date)
Announcement on SENS of the number of New 13 January 2017
Shares issued
Participant/broker accounts credited and/or 20 January 2017
updated with the Interim Dividend payment in
cash and/or New Shares
Despatch scrip dividend share certificates, 20 January 2017
Interim Dividend cheques and tax vouchers
Listing and admission of New Shares to trading 20 January 2017
on AltX
Interim Dividend Payment Date 20 January 2017
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, between Tuesday, 13 December and
Thursday, 15 December, nor may transfers of shares between sub-registers in the United Kingdom
and South Africa take place between Friday, 2 December 2016 and Friday, 16 December 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 Interim
Dividend declared in connection with the six months ended 30 September 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: 50.55 cents (Euro)
Shareholders on the SA Share Register: 757.31824 cents (Rand)
The Conversion Rate and the Dividend in Rand for Shareholders on the SA Share Register
The Conversion Rate for the purposes of calculating the Interim Dividend declared in connection with
the six months ended 30 September 2016 payable to Shareholders on the SA Share Register will be
14.9733 Rand to 1 Euro.
On this basis, Shareholders on the SA Share Register will receive a gross dividend of 20.81289 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.
The number of New Shares, which Shareholders electing to take the Scrip Dividend Alternative will
receive, are as follows:
Shareholders on the UK Share Register: 1 New Share for every 36.36691 Ordinary Shares
held
Shareholders on the SA Share Register: 1 New Share for every 36.38698 Ordinary
Shares held
Information for Shareholders on the SA Share Register
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 15%, is
expected to be 17.69096 cents (Rand) per Ordinary Share. The Company had 841,831,291 Ordinary
Shares in issue (comprising 1,062,058 shares held in treasury and 840,769,233 shares with voting
rights) on Monday, 28 November 2016, the declaration date of the dividend. 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.
As set out in the Scrip 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.
For the purposes of South African shareholders, the Scrip Dividend is regarded as a foreign dividend.
The distribution of the Scrip Circular in certain jurisdictions (including the United States of America,
Canada, Japan 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.
Enquiries:
Sirius Real Estate +49 (0)30 285010110
Andrew Coombs, CEO
Alistair Marks, CFO
Peel Hunt +44 (0)20 7418 8900
Capel Irwin
Edward Fox
Canaccord Genuity Limited +44 (0)20 7523 8000
Bruce Garrow
Chris Connors
JSE Sponsor: PSG Capital +27 (0)21 887 9602
David Tosi
Willie Honeyball
Novella +44 (0)20 3151 7008
Tim Robertson
Toby Andrews
Date: 02/12/2016 02:15:00 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.
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