TIDMSRE
RNS Number : 1693Y
Sirius Real Estate Limited
01 December 2017
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 Friday 1 December
and Forms of Election and 2017
announce the despatch on
RNS
---------------------------------- -----------------------
Announcement on RNS of Reference Friday 1 December
Price for the New Shares 2017
and the Euro to Sterling
Conversion Rate
---------------------------------- -----------------------
Last day to trade in order Wednesday, 13 December
to be eligible for the Interim 2017
Dividend
---------------------------------- -----------------------
Shares commence trading ex Thursday, 14 December
the Interim Dividend on the 2017
Main Market (the UK Ex-Dividend
Date)
---------------------------------- -----------------------
Record Date for UK Shareholders Friday, 15 December
2017
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Deadline by which election 5.00 p.m. (UK time)
to receive the Interim Dividend Friday, 5 January
by way of New Shares or election 2018
to receive the Interim Dividend
in Sterling must have been
received by the Registrars
(Election Return Date)
---------------------------------- -----------------------
Announcement on RNS of the Friday, 12 January
number of New Shares issued 2018
---------------------------------- -----------------------
Despatch share certificates Thursday, 18 January
for New Shares, Interim Dividend 2018
cheques and tax vouchers
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CREST accounts credited and/or Friday, 19 January
updated with the Interim 2018
Dividend payment in cash
and/or New Shares
---------------------------------- -----------------------
Admission of New Shares to Friday, 19 January
the premium segment of the 2018
Official List and to trading
on the Main Market
---------------------------------- -----------------------
For shareholders on the South African Share Register:
Announcement of Interim Monday 27 November 2017
Dividend
-------------------------------- --------------------------
Despatch the Scrip Circular Friday 1 December 2017
and Scrip Election Form
and announce the despatch
on SENS
-------------------------------- --------------------------
Announcement on SENS Friday, 1 December 2017
of Reference Price for
the New Shares and the
Euro to Rand Conversion
Rate
-------------------------------- --------------------------
Last day to trade in Tuesday, 12 December
order to be eligible 2017
for the Interim Dividend
-------------------------------- --------------------------
Shares commence trading Wednesday, 13 December
ex the Interim Dividend 2017
on the Main Board (the
SA Ex-Dividend Date)
-------------------------------- --------------------------
Record Date for SA Shareholders Friday, 15 December 2017
-------------------------------- --------------------------
Deadline by which election 12.00 noon (South African
to receive the Interim time)
Dividend by way of New on Friday, 15 December
Shares must have been 2017
received by the Transfer
Secretaries (Election
Return Date)
-------------------------------- --------------------------
Announcement on SENS Friday, 12 January 2018
of the number of New
Shares issued
-------------------------------- --------------------------
Despatch share certificates Friday, 19 January 2018
for New Shares, Interim
Dividend cheques and
tax certificates
-------------------------------- --------------------------
Participant/broker accounts Friday, 19 January 2018
credited and/or updated
with the Interim Dividend
payment in cash and/or
New Shares
-------------------------------- --------------------------
Listing and admission Friday, 19 January 2018
of New Shares to trading
on 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: GBP0.619768 (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 EUR0.0156 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
GBP0.88024 (Sterling) to EUR1 (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 GBP0.01373 (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 EUR1
(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
+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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