To view the PDF file, sign up for a MySharenet subscription.

SIRIUS REAL ESTATE LIMITED - First Day Of Dealings On The Main Market Of The London Stock Exchange And On The Main Board Of The JSE

Release Date: 06/03/2017 09:00
Code(s): SRE     PDF:  
Wrap Text
First Day Of Dealings On The Main Market Of The London Stock Exchange And On The Main Board Of The JSE

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


                                                                                                        6 March 2017

                               Sirius Real Estate Limited

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

             First Day of Dealings on the Main Market of the London Stock Exchange and on the Main
                               Board of the Johannesburg Stock Exchange

      Sirius Real Estate, a leading operator of branded business parks providing conventional space and flexible
      workspace in Germany, is pleased to announce that the Company's shares have today been admitted to the
      premium segment of the Official List of the UK Listing Authority and to trading on the London Stock Exchange
      plc's (“LSE”) main market for listed securities ("Main Market") and have transferred from the Alt-X market of
      the Johannesburg Stock Exchange (“JSE”) to the Main Board of the JSE (“Main Board”) (together, "Admission").

      The Directors welcome today’s Admission and look forward to:

          -   having a more appropriate platform for the continued growth of Sirius, raising its profile and status as
              a high quality real estate business;
          -   increasing the Company’s appeal to a broader range of investors to facilitate the longer-term ambitions
              of the Company;
          -   subject to meeting the relevant criteria, benefiting from inclusion in certain indices; and
          -   developing the Company's corporate governance, regulatory and reporting disciplines.

      Andrew Coombs, Chief Executive, said:

      “We are delighted to have completed the step up onto the LSE’s Main Market and the Main Board of the JSE.
      The move is a reflection of the progress we have made in developing the business and of our appetite to continue
      the momentum we have created. Looking ahead, there are good opportunities to increase our property portfolio
      and the broader trading platform of these two premier markets with their deeper pools of domestic and
      international investors will be key in helping achieve this.”

      Dealings in the Company's shares will commence on the Main Market at 8.00 a.m. GMT today and trading in the
      Company's shares on the AIM market of London Stock Exchange plc has been cancelled simultaneously. Dealings
      in the Company’s shares will commence on the Main Board at 9.00am SAST and after that time will cease to be
      tradeable on the Alt-X.

      Investors are reminded that the trading currency of the Company’s shares on the Main Market has changed
      from Euros to Sterling. The trading currency on the Main Board will remain as Rand.

      The Company's TIDM code on the LSE and share code on the JSE will remain 'SRE', with the same ISIN of
      GG00B1W3VF54. There are 852,858,815 ordinary shares in issue of which 1,062,058 ordinary shares are held in
      treasury, the total number of voting rights in Sirius Real Estate therefore being 851,796,757.

      The prospectus prepared by the Company in connection with Admission was published on 9 February 2017 and
      remains available for inspection on the Company's website at www.sirius-real-estate.com/investor-
      relations/financial-information/prospectus/prospectus_index.php and on the National Storage Mechanism at
      www.hemscott.com_nsm.do. Copies are also available at the Company’s registered office: 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.

                                                     – Ends –


For further information:
Sirius Real Estate                                              +49 (0)30 285010110
Andrew Coombs, CEO
Alistair Marks, CFO

LSE Sponsor: 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

Peel Hunt                                                       +44 (0)20 7418 8900
Capel Irwin
Edward Fox

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

Canaccord Genuity Limited is acting as Sponsor in relation to this Admission in the UK and is acting exclusively
for the Company and no one else in connection with Admission and will not regard any other person as a client
in relation to Admission and will not be responsible to anyone other than the Company for providing the
protections afforded to their respective clients or for advising any other person on the contents of the
Prospectus or on any other transaction or arrangement referred to in this announcement.

Canaccord Genuity Limited and Peel Hunt will continue in their roles as joint brokers to the Company following
Admission.

PSG Capital Proprietary Limited is acting as Sponsor in relation to this Admission in South Africa and is acting
exclusively for the Company and no one else in connection with Admission and will not regard any other person
as a client in relation to Admission and will not be responsible to anyone other than the Company for providing
the protections afforded to their respective clients or for advising any other person on the contents of the
Prospectus or on any other transaction or arrangement referred to in this announcement.

PSG Capital Proprietary Limited will continue in its role as JSE Sponsor to the Company following Admission.

About Sirius Real Estate

Sirius is a property company listed on the main market and premium segment of the London Stock Exchange
and the main board of the Johannesburg Stock Exchange. It is a leading operator of branded business parks
providing conventional space and flexible workspace in Germany. The Company’s core strategy is the acquisition
of business parks at attractive yields, the integration of these business parks into its network of sites under the
Company’s own name as well as offering a range of branded products within those sites, and the reconfiguration
and upgrade of existing and vacant space to appeal to the local market, through intensive asset management
and investment. The Company’s strategy aims to deliver attractive returns for Shareholders by increasing rental
income and improving cost recoveries and capital values, as well as by enhancing those returns through financing
its assets on favourable terms. Once sites are mature and net income and values have been optimised, the Group
may take the opportunity to refinance the sites to release capital for investment in new sites or consider the
disposal of sites in order to recycle equity into assets which present greater opportunity for the asset
management skills of the Group’s team.

www.sirius-real-estate.com

Date: 06/03/2017 09:00:00 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.

Share This Story