SRE 201511270066A
Posting of Scrip Dividend Alternative Circular and
Scrip Dividend Reference Price and Conversion Rate
SIRIUS REAL ESTATE LIMITED
(Incorporated in Guernsey)
Company Number: 46442
Share Code: SRE
ISIN Code: ISIN GG00B1W3VF54
27 November 2015
Sirius Real Estate Limited
('Sirius Real Estate' or the 'Company')
Posting of Scrip Dividend Alternative Circular and
Scrip Dividend Reference Price and Conversion Rate
Sirius Real Estate is pleased to confirm that the Scrip Dividend Alternative Circular and Form of Election
were posted to shareholders on 24 November 2015 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 Dividend 23 November 2015
Despatch the Scrip Dividend Alternative 24 November 2015
Circular and Form of Election
Announcement of Reference Price for the Scrip 27 November 2015
Dividend Shares released on RNS
(this announcement)
Last day to trade in order to be eligible for the 16 December 2015
cash dividend or alternatively the scrip dividend
Shares commence trading ex the cash dividend 17 December 2015
or scrip dividend
Record Date for UK Shareholders 18 December 2015
Latest time for receipt of Proxy Forms 11.00 a.m. (UK time) on 15 December 2015
Extraordinary General Meeting 11.00 a.m. (UK time) on 17 December 2015
Deadline by which election to receive the Scrip 5.00 p.m. (UK time) on 6 January 2016
Dividend Shares must have been received by
the Registrars (Election Return Date)
Announcement on RNS of the number of New 14 January 2016
Shares issued
Despatch Interim Dividend cheques and tax 19 January 2016
vouchers
Despatch Scrip Dividend Share certificates 19 January 2016
CREST accounts credited and/or updated with 20 January 2016
the Interim Dividend payment in cash and/or
Scrip Dividend Shares
Admission of Scrip Dividend Shares to trading 20 January 2016
on AIM
Interim Dividend Payment Date 20 January 2016
For shareholders on the South African Share Register
Announcement of Dividend 23 November 2015
Despatch the Scrip Dividend Alternative 24 November 2015
Circular and Form of Election
Announcement of Reference Price for the Scrip 27 November 2015
Dividend Shares and the Euro to Rand
Conversion Rate released on SENS
(this announcement)
Last day to trade in order to be eligible for the 10 December 2015
cash dividend or alternatively the scrip dividend
Shares commence trading ex the cash dividend 11 December 2015
or scrip dividend
Record Date for SA Shareholders 18 December 2015
Deadline by which election to receive the Scrip 12.00 noon (South African time) on 18
Dividend Shares must have been received by December 2015
the Transfer Secretaries (Election Return Date)
Latest time for receipt of Proxy Forms 1.00 p.m. (South African time) on 15
December 2015
Extraordinary General Meeting 1.00 p.m. (South African time) on 17
December 2015
Announcement on SENS of the number of New 14 January 2016
Shares issued
CSDP/broker accounts credited and/or updated 20 January 2016
with the Interim Dividend payment in cash
and/or Scrip Dividend Shares
Despatch Scrip Dividend Share certificates, 20 January 2016
Interim Dividend cheques and tax vouchers
Admission of Scrip Dividend Shares to trading 20 January 2016
on JSE
Interim Dividend Payment Date 20 January 2016
As set out in the Scrip Dividend Alternative Circular, Sirius Real Estate today announces the Scrip
Dividend Reference Prices and the Conversion Rate for the purposes of converting the Interim
Dividend declared in connection with the six months ended 30 September 2015 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: 51.78 cents (Euro)
Shareholders on the SA Share Register: 794.22888 cents (Rand)
The number of New Shares, which Shareholders electing to take the Scrip Dividend Alternative will
therefore receive, are as follows:
Shareholders on the UK Share Register: 1 New Share for every 56.28261 Ordinary Shares held
Shareholders on the SA Share Register: 1 New Share for every 56.84790 Ordinary Shares held
The Conversion Rate
The Conversion Rate (which will also be the Euro to Rand Conversion Rate in the Scrip Dividend
Alternative Circular) for the purposes of calculating the Interim Dividend declared in connection with
the six months ended 30 September 2015 payable to Shareholders on the SA Share Register will be
15.186 Rand to 1 Euro.
On this basis, Shareholders on the SA Share Register will receive a dividend of 13.97112 cents (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.
In accordance with the requirements of the JSE, the Company confirms that any cash dividend
received by SA Shareholders who are not exempt from dividend withholding tax, is expected to be
11.87545 cents (Rand) per Ordinary Share. As set out in the Scrip Dividend Alternative 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.
Enquiries:
Sirius Real Estate
Andrew Coombs, CEO +49 (0)30 285010110
Alistair Marks, CFO
Peel Hunt
Capel Irwin +44 (0)20 7418 8900
Hugh Preston
PSG Capital
David Tosi +27 (0)21 887 9602
Willie Honeyball
Canaccord
Bruce Garrow +44 (0)20 7523 8000
Chris Connors
Mark Whitmore
Novella
Tim Robertson +44 (0)20 3151 7008
Ben Heath
Date: 27/11/2015 05:30:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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