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SIRIUS REAL ESTATE LIMITED - 5.9m Sale Of Merseburg Asset And Publication Of Prospectus

Release Date: 09/02/2017 09:00
Code(s): SRE     PDF:  
Wrap Text
€5.9m Sale Of Merseburg Asset And Publication Of Prospectus

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


NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, IN, INTO OR FROM
ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT
LAWS OF SUCH JURISDICTION.


THIS ANNOUNCEMENT IS NOT AN OFFER TO SELL OR THE SOLICITATION OF AN OFFER TO BUY
ANY SECURITIES. IT IS NOT A PROSPECTUS OR PROSPECTUS EQUIVALENT
DOCUMENT. INVESTORS SHOULD NOT PURCHASE ANY SHARES REFERRED TO IN THIS
ANNOUNCEMENT EXCEPT SOLELY ON THE BASIS OF INFORMATION CONTAINED IN THE
PROSPECTUS TO BE PUBLISHED BY SIRIUS REAL ESTATE LIMITED IN CONNECTION WITH THE
PROPOSED MOVE TO THE MAIN MARKET




                                                                                          9 February 2017

                                     Sirius Real Estate Limited
                             ("Sirius Real Estate", “Sirius” or the "Company")

                       €5.9m Sale Of Merseburg Asset And Publication Of Prospectus

Sirius Real Estate, a leading operator of branded business parks providing conventional space and flexible
workspace in Germany, is pleased to announce the sale of its site in Merseburg for €5.9 million. The sale
of this legacy non-core asset is part of the Company’s strategy to dispose of mature and non-core assets
and recycle equity into assets with greater value add opportunities, in order to increase total returns from
the portfolio.

Andrew Coombs, Chief Executive Officer, said, “We are actively recycling capital into higher margin assets
and we continue to see interesting acquisition opportunities in our target markets.”

In addition, further to previous announcements, Sirius has today published a prospectus (the
“Prospectus”) in connection with moving the listings of its entire issued share capital of 852,858,815
Ordinary Shares from the AIM market of the London Stock Exchange (“LSE”) and the AltX market of the
Johannesburg Stock Exchange (“JSE”) to trading on the Main Market for listed securities of the London
Stock Exchange (“Main Market”) and the Main Board for listed securities of the JSE (“Main Board”)
(“Admission”).

The Prospectus has been approved by the UK Listing Authority. A copy has been submitted to the National
Storage Mechanism and will be available at http://www.hemscott.com/nsm.do and http://www.sirius-
real-estate.com/investor-relations/financial-information/prospectus/prospectus_index.php.
Copies of the Prospectus will be posted to shareholders later today and will also be available for inspection
during usual business hours on any day (excepting weekends and public holidays) at the Company’s offices
at Martello Court, Admiral Park, St Peter Port, Guernsey, Channel Islands GY1 3HB and at the offices of
Norton Rose Fulbright LLP, 3 More London Riverside, London, SE1 2AQ.

It is expected that Admission will become effective and that dealings in the Company’s shares on the Main
Market will commence on Monday 6th March 2017 at 08:00am GMT and on the Main Board on the same
day at 09:00am SAST.


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
Ben Griffiths

JSE Sponsor: PSG Capital                                   +27 (0)21 887 9602
David Tosi
Willie Honeyball

Novella                                                   +44 (0)20 3151 7008
Tim Robertson
Toby Andrews

Date: 09/02/2017 09:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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