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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
JSE Share Code: SRE
LSE (EUR) Share Code: SRE
LSE (GBP) Share Code: ESRE
ISIN Code: ISIN GG00B1W3VF54
26 November 2018
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 (if appropriate) a
Form of Election have today been posted 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, 19 November 2018
Despatch the Scrip Circular and Form of Election and Monday, 26 November 2018
announce the despatch on RNS
Announcement of Reference Price for the New Shares Monday, 26 November 2018
and the Euro to Sterling Conversion Rate released on
RNS
Last day to trade in order to be eligible for the cash Wednesday, 12 December 2018
dividend or alternatively the scrip dividend
Shares commence trading ex the cash dividend or scrip Thursday, 13 December 2018
dividend (the UK Ex-Dividend Date)
Record Date for UK Shareholders Friday, 14 December 2018
Deadline by which election to receive the New Shares or 5.00 p.m. (UK time) on Wednesday, 2 January
election to receive dividend entitlements in Sterling 2019
must have been received by the Registrars (Election
Return Date)
Announcement on RNS of the number of New Shares Friday, 11 January 2019
issued
Despatch scrip dividend share certificates, Interim Thursday, 17 January 2019
Dividend cheques and tax vouchers
CREST accounts credited and/or updated with the Friday, 18 January 2019
Interim Dividend payment in cash and/or New Shares
Admission of New Shares to the premium segment of Friday, 18 January 2019
the Official List and to trading on Main Market
Interim Dividend Payment Date Friday, 18 January 2019
For shareholders on the South African Share Register:
Announcement of Interim Dividend Monday, 19 November 2018
Despatch the Scrip Circular and Form of Election and Monday, 26 November 2018
announce the despatch on SENS
Announcement of Reference Price for the New Shares Monday, 26 November 2018
and the Euro to Rand Conversion Rate released on SENS
Last day to trade in order to be eligible for the cash Tuesday, 11 December 2018
dividend or alternatively the scrip dividend
Shares commence trading ex the cash dividend or scrip Wednesday, 12 December 2018
dividend (the SA Ex-Dividend Date)
Record Date for SA Shareholders Friday, 14 December 2018
Deadline by which election to receive the New Shares 12.00 noon (South African time) on Friday, 14
must have been received by the Transfer Secretaries December 2018
(Election Return Date)
Announcement on SENS of the number of New Shares to Friday, 11 January 2019
be issued
Participant/broker accounts credited and/or updated Friday, 18 January 2019
with the Interim Dividend payment in cash and/or New
Shares
Despatch scrip dividend share certificates, Interim Friday, 18 January 2019
Dividend cheques and tax vouchers
Listing and admission of New Shares to trading on the Friday, 18 January 2019
JSE
Interim Dividend Payment Date Friday, 18 January 2019
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 December 2018
and Friday, 14 December 2018, nor may transfers of shares between sub-registers in the United Kingdom
and South Africa take place between Monday, 26 November 2018 and Friday, 14 December 2018, 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 South African Share Register (SA Share Register) will receive
any entitlement to the cash dividend in Rand.
The Scrip Dividend Reference Prices are as follows:
Shareholders on the UK Share Register: £0.57957 (Sterling)
Shareholders on the SA Share Register: R10.39444 (Rand)
The conversion rate and the Interim Dividend authorised in Sterling (UK Share Register only)
Shareholders on the UK Share Register may elect to receive their entitlement to the Interim 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 Interim Dividend authorised in
connection with the period ended 30 September 2018 payable to Shareholders on the UK Share Register
will be a Euro to Sterling Conversion Rate of £0.88535.
On this basis, Shareholders on the UK Share Register who have elected to receive their entitlement to the
Interim Dividend in cash in Sterling will receive a gross dividend of £0.01443 (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 Interim Dividend authorised in Rand (SA Share Register only)
The conversion rate for the purposes of calculating the Interim Dividend authorised in connection with
the period ended 30 September 2018 payable to Shareholders on the SA Share Register will be 15.71210
Rand to 1 Euro.
On this basis, Shareholders on the SA Share Register will receive a gross dividend of R0.25611 (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 40.16424 Ordinary Shares held
Shareholders on the SA Share Register: 1 New Share for every 40.58584 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
R0.20489 (Rand) per Ordinary Share. The Company had 1,009,996,718 Ordinary Shares in issue
(comprising 574,892 shares held in treasury and 1,009,421,826 shares with voting rights) on Monday, 19
November 2018 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.
South African Shareholders who elect 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 (“Scrip Circular”) to be dispatched on Monday, 26 November 2018.
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.
For further information:
Sirius Real Estate
Andrew Coombs, CEO + 49 (0)30 285010110
Alistair Marks, CFO
Tavistock +44 (0)20 7920 3150
Jeremy Carey
James Verstringhe
Kirsty Allan
LEI: 213800NURUF5W8QSK566
JSE Sponsor
PSG Capital
Date: 26/11/2018 05:05:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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