TIDMSRE
RNS Number : 1077K
Sirius Real Estate Limited
04 July 2017
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 Tuesday 4 July 2017
and Form of Election and
announce the despatch on
RNS
------------------------------------ ---------------------
Announcement of Reference Tuesday 4 July 2017
Price for the New Shares
and the Euro to Sterling
Conversion Rate released
on RNS
------------------------------------ ---------------------
Last day to trade in order Wednesday 12 July
to be eligible for the cash 2017
dividend or alternatively
the scrip dividend
------------------------------------ ---------------------
Shares commence trading Thursday 13 July
ex the cash dividend or 2017
scrip dividend (the UK Ex-Dividend
Date)
------------------------------------ ---------------------
Record Date for UK Shareholders Friday 14 July 2017
------------------------------------ ---------------------
Deadline by which election 5.00 p.m. (UK time)
to receive the New Shares on Friday 28 July
or election to receive dividend 2017
entitlements in Sterling
must have been received
by the Registrars (Election
Return Date)
------------------------------------ ---------------------
Announcement on RNS of the Monday 7 August 2017
number of New Shares issued
------------------------------------ ---------------------
Despatch scrip dividend Thursday 17 August
share certificates, Final 2017
Dividend cheques and tax
vouchers
------------------------------------ ---------------------
CREST accounts credited Friday 18 August
and/or updated with the 2017
Final Dividend payment in
cash and/or New Shares
------------------------------------ ---------------------
Admission of New Shares Friday 18 August
to the premium segment of 2017
the 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 Monday 26 June 2017
Dividend
-------------------------------- --------------------------
Despatch the Scrip Circular Tuesday 4 July 2017
and Form of Election
and announce the despatch
on SENS
-------------------------------- --------------------------
Announcement of Reference Tuesday 4 July 2017
Price for the New Shares
and the Euro to Rand
Conversion Rate released
on SENS
-------------------------------- --------------------------
Last day to trade in Tuesday 11 July 2017
order to be eligible
for the cash dividend
or alternatively the
scrip dividend
-------------------------------- --------------------------
Shares commence trading Wednesday 12 July 2017
ex the cash dividend
or scrip dividend (the
SA Ex-Dividend Date)
-------------------------------- --------------------------
Record Date for SA Shareholders Friday 14 July 2017
-------------------------------- --------------------------
Deadline by which election 12.00 noon (South African
to receive the New Shares time) on Friday 14 July
must have been received 2017
by the Transfer Secretaries
(Election Return Date)
-------------------------------- --------------------------
Announcement on SENS Monday 7 August 2017
of the number of New
Shares issued
-------------------------------- --------------------------
Participant/broker accounts Friday 18 August 2017
credited and/or updated
with the Final Dividend
payment in cash and/or
New Shares
-------------------------------- --------------------------
Despatch scrip dividend Friday 18 August 2017
share certificates, Final
Dividend cheques and
tax vouchers
-------------------------------- --------------------------
Listing and admission Friday 18 August 2017
of New Shares to trading
on the JSE
-------------------------------- --------------------------
Final Dividend Payment Friday 18 August 2017
Date
-------------------------------- --------------------------
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: GBP0.56211 (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 GBP0.01339 (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:
Sirius Real Estate +49 (0)30 285010110
Andrew Coombs, CEO
Alistair Marks, CFO
+44 (0)20 3151
Novella 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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