Sirius Real Estate Limited Portfolio Update and Publication of Prospectus (3919W)
February 09 2017 - 1:00AM
UK Regulatory
TIDMSRE
RNS Number : 3919W
Sirius Real Estate Limited
09 February 2017
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN
PART, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD
CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH
JURISDICTION.
THIS ANNOUNCEMENT IS NOT AN OFFER TO SELL OR THE SOLICITATION OF
AN OFFER TO BUY ANY SECURITIES. IT IS NOT A PROSPECTUS OR
PROSPECTUS EQUIVALENT DOCUMENT. INVESTORS SHOULD NOT PURCHASE ANY
SHARES REFERRED TO IN THIS ANNOUNCEMENT EXCEPT SOLELY ON THE BASIS
OF INFORMATION CONTAINED IN THE PROSPECTUS TO BE PUBLISHED BY
SIRIUS REAL ESTATE LIMITED IN CONNECTION WITH THE PROPOSED MOVE TO
THE MAIN MARKET
9 February 2017
Sirius Real Estate Limited
("Sirius Real Estate", "Sirius" or the "Company")
EUR5.9m sale of Merseburg asset and Publication of
Prospectus
Sirius Real Estate, a leading operator of branded business parks
providing conventional space and flexible workspace in Germany, is
pleased to announce the sale of its site in Merseburg for EUR5.9
million. The sale of this legacy non-core asset is part of the
Company's strategy to dispose of mature and non-core assets and
recycle equity into assets with greater value add opportunities, in
order to increase total returns from the portfolio.
Andrew Coombs, Chief Executive Officer, said, "We are actively
recycling capital into higher margin assets and we continue to see
interesting acquisition opportunities in our target markets."
In addition, further to previous announcements, Sirius has today
published a prospectus (the "Prospectus") in connection with moving
the listings of its entire issued share capital of 852,858,815
Ordinary Shares from the AIM market of the London Stock Exchange
("LSE") and the AltX market of the Johannesburg Stock Exchange
("JSE") to trading on the Main Market for listed securities of the
London Stock Exchange ("Main Market") and the Main Board for listed
securities of the JSE ("Main Board") ("Admission").
The Prospectus has been approved by the UK Listing Authority. A
copy has been submitted to the National Storage Mechanism and will
be available at http://www.hemscott.com/nsm.do and
http://www.sirius-real-estate.com/investor-relations/financial-information/prospectus/prospectus_index.php.
Copies of the Prospectus will be posted to shareholders later
today and will also be available for inspection during usual
business hours on any day (excepting weekends and public holidays)
at the Company's offices at 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.
It is expected that Admission will become effective and that
dealings in the Company's shares on the Main Market will commence
on Monday 6th March 2017 at 08:00am GMT and on the Main Board on
the same day at 09:00am SAST.
Enquiries:
Sirius Real Estate +49 (0)30 285010110
Andrew Coombs, CEO
Alistair Marks, CFO
Peel Hunt +44 (0)20 7418 8900
Capel Irwin
Edward Fox
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
Novella +44 (0)20 3151 7008
Tim Robertson
Toby Andrews
This information is provided by RNS
The company news service from the London Stock Exchange
END
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