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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: ESRE
LSE (GBP) Share Code: SRE
ISIN Code: ISIN GG00B1W3VF54
10 June 2019
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 Final Scrip Dividend Monday, 3 June 2019
Despatch the Scrip Circular and Form of Election and Monday, 10 June 2019
announce the despatch on RNS
Last day to trade in order to be eligible for the cash dividend Wednesday, 10 July 2019
or alternatively the scrip dividend
Shares commence trading ex the cash dividend or scrip Thursday, 11 July 2019
dividend (the UK Ex-Dividend Date)
Record Date for Shareholders on the UK Register Friday, 12 July 2019
Deadline by which election to receive the New Shares or 5.00 p.m. (UK time) on Friday, 26 July 2019
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 Wednesday, 14 August 2019
Despatch scrip dividend share certificates, Final Dividend Wednesday, 21 August 2019
cheques and tax vouchers
CREST accounts credited and/or updated with the Final Thursday, 22 August 2019
Dividend payment in cash and/or New Shares
Admission of New Shares to the premium segment of the Thursday, 22 August 2019
Official List and to trading on the Main Market
Final Dividend Payment Date Thursday, 22 August 2019
For shareholders on the South African Share Register:
Announcement of Final Scrip Dividend Monday, 3 June 2019
Despatch the Scrip Circular and Form of Election and Monday, 10 June 2019
announce the despatch on SENS
Last day to trade in order to be eligible for the cash dividend Tuesday, 9 July 2019
or alternatively the scrip dividend
Shares commence trading ex the cash dividend or scrip Wednesday, 10 July 2019
dividend (the SA Ex-Dividend Date)
Record Date for Shareholders on the SA Register Friday, 12 July 2019
Deadline by which election to receive the New Shares must 12.00 noon (South African time) on Friday, 12 July
have been received by the Transfer Secretaries (Election 2019
Return Date)
Announcement on SENS of the number of New Shares to be Wednesday, 14 August 2019
issued
Participant/broker accounts credited and/or updated with Thursday, 22 August 2019
the Final Dividend payment in cash and/or New Shares
Despatch scrip dividend share certificates, Final Dividend Thursday, 22 August 2019
cheques and tax vouchers
Listing and admission of New Shares to trading on the JSE Thursday, 22 August 2019
Final Dividend Payment Date Thursday, 22 August 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, 10 July 2019 and
Friday, 12 July 2019, both dates inclusive, nor may transfers of shares between sub-registers in the United
Kingdom and South Africa take place between Monday, 10 June 2019 and Friday, 12 July 2019, both dates
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.
The Scrip Dividend Reference Prices are as follows:
Shareholders on the UK Share Register: £0.63167 (Sterling)
Shareholders on the SA Share Register: R11.75534 (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 period ended 31 March 2019 payable to Shareholders on the UK Share Register will be a Euro to
Sterling Conversion Rate of 0.88629.
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 £0.01533 (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
period ended 31 March 2019 payable to Shareholders on the SA Share Register will be 16.98500 Rand to
1 Euro.
The Euro to Rand conversion for payment of the dividend in Rand will be settled on Wednesday,
14 August 2019 using the Euro to Rand Conversion Rate which has been fixed by the Company as at the
date of this announcement and the Circular.
On this basis, Shareholders on the SA Share Register will receive a gross dividend of R0.29384 (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 41.20483 Ordinary Shares held
Shareholders on the SA Share Register: 1 New Share for every 40.00592 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
R0.23507 (Rand) per Ordinary Share. The Company had 1,022,140,875 Ordinary Shares in issue (there are
no shares held in treasury) on Monday, 3 June 2019 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, 10 June 2019.
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
Charlotte Dale
LEI: 213800NURUF5W8QSK566
JSE Sponsor
PSG Capital
Date: 10/06/2019 05:20:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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