Wrap Text
Posting Of Scrip Dividend Alternative Circular And Scrip Dividend Reference Prices And Conversion Rates
SIRIUS REAL ESTATE LIMITED
(Incorporated in Guernsey)
Company Number: 46442
Share Code: SRE
ISIN Code: ISIN GG00B1W3VF54
1 December 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 (Forms of 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 Interim Dividend Monday 27 November 2017
Despatch the Scrip Circular and Forms of Election and Friday 1 December 2017
announce the despatch on RNS
Announcement on RNS of Reference Price for the New Friday 1 December 2017
Shares and the Euro to Sterling Conversion Rate
Last day to trade in order to be eligible for the Interim Wednesday, 13 December 2017
Dividend
Shares commence trading ex the Interim Dividend on the Thursday, 14 December 2017
Main Market (the UK Ex-Dividend Date)
Record Date for UK Shareholders Friday, 15 December 2017
Deadline by which election to receive the Interim Dividend by 5.00 p.m. (UK time)
way of New Shares or election to receive the Interim Dividend Friday, 5 January 2018
in Sterling must have been received by the Registrars (Election
Return Date)
Announcement on RNS of the number of New Shares issued Friday, 12 January 2018
Despatch share certificates for New Shares, Interim Dividend Thursday, 18 January 2018
cheques and tax vouchers
CREST accounts credited and/or updated with the Interim Friday, 19 January 2018
Dividend payment in cash and/or New Shares
Admission of New Shares to the premium segment of the Friday, 19 January 2018
Official List and to trading on the Main Market
For shareholders on the South African Share Register:
Announcement of Interim Dividend Monday 27 November 2017
Despatch the Scrip Circular and Scrip Election Form Friday 1 December 2017
and announce the despatch on SENS
Announcement on SENS of Reference Price for the Friday, 1 December 2017
New Shares and the Euro to Rand Conversion Rate
Last day to trade in order to be eligible for the Tuesday, 12 December 2017
Interim Dividend
Shares commence trading ex the Interim Dividend on Wednesday, 13 December 2017
the Main Board (the SA Ex-Dividend Date)
Record Date for SA Shareholders Friday, 15 December 2017
Deadline by which election to receive the Interim 12.00 noon (South African time)
Dividend by way of New Shares must have been on Friday, 15 December 2017
received by the Transfer Secretaries (Election Return
Date)
Announcement on SENS of the number of New Friday, 12 January 2018
Shares issued
Despatch share certificates for New Shares, Interim Friday, 19 January 2018
Dividend cheques and tax certificates
Participant/broker accounts credited and/or updated Friday, 19 January 2018
with the Interim Dividend payment in cash and/or
New Shares
Listing and admission of New Shares to trading on Friday, 19 January 2018
the Main Board
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, 13 December 2017 and
Friday, 15 December 2017 on the UK Share Register or the SA Share Register, on these days inclusive nor may
transfers of shares between the UK Share Register and the SA Share Register take place between Friday, 1
December 2017 and Friday, 15 December 2017, both days inclusive.
The Interim Dividend has been declared in Euro. Shareholders on the UK Share Register may elect to receive
their entitlement to the Interim 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 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
Dividend Alternative Circular and accompanying forms, as well as the Scrip Dividend Reference Prices and the
Euro to Rand Conversion Rate and the Euro to Sterling Conversion Rate for the purposes set out in the Scrip
Dividend Alternative Circular.
The Scrip Dividend Reference Prices are as follows:
Shareholders on the UK Share Register: £0.619768 (Sterling)
Shareholders on the SA Share Register: R11.72357 (Rand)
The Euro to Sterling Conversion Rate and the Interim Dividend authorised in Sterling (UK Share Register only)
Shareholders on the UK Share Register are entitled to receive an Interim Dividend of €0.0156 per Ordinary Share.
However they may elect to receive their Interim Dividend in Sterling.
For Shareholders on the UK Share Register that make a valid Sterling currency election, the Euro to Sterling
Conversion Rate is £0.88024 (Sterling) to €1 (Euro).On this basis, Shareholders on the UK Share Register who
elect to receive their entitlement to the Interim Dividend in cash in Sterling will receive a gross dividend of
£0.01373 (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 Euro to Rand Conversion Rate and the Interim Dividend authorised in Rand (SA Share Register only)
The Euro to Rand Conversion Rate is R16.2892 (Rand) to €1 (Euro).
On this basis, Shareholders on the SA Share Register will receive a gross dividend of R0.25411 (Rand) per
Ordinary Share, which they may take in cash or, if they elect to do so by way of the Scrip Dividend Alternative,
in New Shares.
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 45.13396 Ordinary Shares held
Shareholders on the SA Share Register: 1 New Share for every 46.13544 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
R0.20329 (Rand) per Ordinary Share. The Company had 926,728,565 Ordinary Shares in issue (comprising
574,892 shares held in treasury and 926,153,673 shares with voting rights) on Monday, 27 November 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. The receipt of the
cash dividend should be regarded as a foreign dividend in the hands of South African tax resident shareholders.
As set out in the Scrip Dividend Alternative Circular, South African tax resident shareholders who have elected
to receive the dividend in the form of New Shares should not be subject to income tax on receipt of New Shares
or dividend withholding tax. The receipt of New Shares should not be regarded as a foreign dividend in the hands
of South African tax resident shareholders.
The above should not be construed as tax advice and shareholders are advised to seek their own tax advice from
an independent tax adviser regarding the tax consequences of electing to receive New Shares or a full cash
dividend, or should they be in any doubt as to the appropriate election to be made.
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 Dividend Alternative 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 Dividend Alternative 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 Dividend Alternative 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:
Sirius Real Estate +49 (0)30 285010110
Andrew Coombs, CEO
Alistair Marks, CFO
Novella +44 (0)20 3151 7008
Tim Robertson
Toby Andrews
JSE Sponsor
PSG Capital
Date: 01/12/2017 05:00:00 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.
Sharenet Sites 
