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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
4 July 2017
Sirius Real Estate Limited
("Sirius Real Estate" or the "Company")
Posting of Scrip Dividend Alternative Circular and
Scrip Dividend Reference Prices and Conversion Rates
Sirius Real Estate is pleased to confirm that the Scrip Dividend Alternative Circular and (if appropriate) a Form of
Scrip Election and Form of Currency Election are being posted today to Shareholders and are available on the
Company's website: www.sirius-real-estate.com.
An overview timetable of events relating to the Scrip Dividend Alternative is set out below:
For shareholders on the UK Share Register:
Announcement of Final Dividend Monday 26 June 2017
Despatch the Scrip Circular and Form of Election and Tuesday 4 July 2017
announce the despatch on RNS
Announcement of Reference Price for the New Shares and Tuesday 4 July 2017
the Euro to Sterling Conversion Rate released on RNS
Last day to trade in order to be eligible for the cash dividend Wednesday 12 July 2017
or alternatively the scrip dividend
Shares commence trading ex the cash dividend or scrip Thursday 13 July 2017
dividend (the UK Ex-Dividend Date)
Record Date for UK Shareholders Friday 14 July 2017
Deadline by which election to receive the New Shares or 5.00 p.m. (UK time) on Friday 28 July 2017
election to receive dividend entitlements in Sterling must
have been received by the Registrars (Election Return Date)
Announcement on RNS of the number of New Shares issued Monday 7 August 2017
Despatch scrip dividend share certificates, Final Dividend Thursday 17 August 2017
cheques and tax vouchers
CREST accounts credited and/or updated with the Final Friday 18 August 2017
Dividend payment in cash and/or New Shares
Admission of New Shares to the premium segment of the Friday 18 August 2017
Official List and to trading on Main Market
Final Dividend Payment Date Friday 18 August 2017
For shareholders on the South African Share Register:
Announcement of Final Dividend Monday 26 June 2017
Despatch the Scrip Circular and Form of Election and Tuesday 4 July 2017
announce the despatch on SENS
Announcement of Reference Price for the New Tuesday 4 July 2017
Shares and the Euro to Rand Conversion Rate
released on SENS
Last day to trade in order to be eligible for the cash Tuesday 11 July 2017
dividend or alternatively the scrip dividend
Shares commence trading ex the cash dividend or Wednesday 12 July 2017
scrip dividend (the SA Ex-Dividend Date)
Record Date for SA Shareholders Friday 14 July 2017
Deadline by which election to receive the New 12.00 noon (South African time) on Friday 14 July
Shares must have been received by the Transfer 2017
Secretaries (Election Return Date)
Announcement on SENS of the number of New Monday 7 August 2017
Shares issued
Participant/broker accounts credited and/or Friday 18 August 2017
updated with the Final Dividend payment in cash
and/or New Shares
Despatch scrip dividend share certificates, Final Friday 18 August 2017
Dividend cheques and tax vouchers
Listing and admission of New Shares to trading on Friday 18 August 2017
the JSE
Final Dividend Payment Date Friday 18 August 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 Wednesday 12 July 2017 and Friday 14 July
2017, both days inclusive, nor may transfers of shares between sub-registers in the United Kingdom and South Africa
take place between Tuesday 4 July 2017 and Friday 14 July 2017, both days inclusive.
The Final Dividend has been declared in Euro. Shareholders on the UK Share Register may elect to receive their
entitlement to the Final Dividend in cash in either Euro or Sterling. Shareholders on the UK Share Register that do
not make a valid Sterling currency election will receive any entitlement to the cash dividend in Euro. Shareholders
on the South African Share Register (SA Share Register) will receive any entitlement to the cash dividend in Rand.
As set out in the Scrip Dividend Alternative Circular, Sirius Real Estate today announces the posting of the Scrip
Alternative Circular and accompanying forms, the Scrip Dividend Reference Prices and the conversion rates for the
purposes of converting the Final Dividend, which has been authorised in connection with the twelve months ended
31 March 2017, either from Euros into Sterling (for Shareholders on the UK Share Register that elect to receive their
full entitlement to the Final Dividend in cash in Euros or that elect to receive New Shares) or 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: £0.56211 (Sterling)
Shareholders on the SA Share Register: R9.39647 (Rand)
The conversion rate and the Final Dividend authorised in Sterling (UK Share Register only)
Shareholders on the UK Share Register may elect to receive their entitlement to the Final Dividend in cash in either
Euro or Sterling. For Shareholders on the UK Share Register that make a valid Sterling currency election, the
conversion rate for the purposes of calculating the Final Dividend authorised in connection with the year ended 31
March 2017 payable to Shareholders on the UK Share Register will be 0.87540 GBP to 1 Euro.
On this basis, Shareholders on the UK Share Register who have elected to receive their entitlement to the Final
Dividend in cash in Sterling will receive a gross dividend of £0.01339 (Sterling) per Ordinary Share.
Alternatively Shareholders on the UK Share Register may elect to receive new shares by way of the Scrip Dividend
Alternative.
The conversion rate and the Final Dividend authorised in Rand (SA Share Register only)
The conversion rate for the purposes of calculating the Final Dividend authorised in connection with the year ended
31 March 2017 payable to Shareholders on the SA Share Register will be 14.94204 Rand to 1 Euro.
On this basis, Shareholders on the SA Share Register will receive a gross dividend of R0.22861 (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 41.96821 Ordinary Shares held
Shareholders on the SA Share Register: 1 New Share for every 41.10262 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 20%, is expected to be R0.18289 (Rand)
per Ordinary Share. The Company had 878,848,593 Ordinary Shares in issue (comprising 1,062,058 shares held in
treasury and 877,786,535 shares with voting rights) on Monday, 26 June 2017, the authorisation 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 likely to be regarded as a foreign dividend.
Further Information
Terms used but not defined herein have the same meaning given to them as set out in the Scrip Dividend Alternative
Circular.
The distribution of the Scrip Circular in certain jurisdictions (including the United States of America, Canada, Japan,
New Zealand 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.
LEI code: 213800NURUF5W8QSK566
Enquiries
For further information, please contact:
+49 (0)30 285010110
Sirius Real Estate
Andrew Coombs, CEO
Alistair Marks, CFO
Novella +44 (0)20 3151 7008
Tim Robertson
Toby Andrews
JSE Sponsor:
PSG Capital
Date: 04/07/2017 05:30:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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