SENS: Sirius Real Estate – Allotment of Scrip Dividend

Andrew Coombs, Chief Executive Officer of Sirius Real Estate.
Andrew Coombs, Chief Executive Officer of Sirius Real Estate.

Sirius Real Estate has confirmed the allotment and issue of 3,288,212 ordinary shares to the company’s shareholders who elected to receive ordinary shares under the ‘Scrip Dividend Programme’ as an alternative to receiving the final dividend in cash, declared in respect of the twelve months ended 31st of March 2018, payable on the 17th of August 2018.

 The total final dividend amount payable is €16,098,137.82, of which €13,686,597.39 is payable in cash, the remainder of €2,411,540.43 will be issued by way of the scrip dividend shares. The Company’s Employee Benefit Trust has waived its rights to the dividend, reducing the cash amount payable to €13,678,995.97.

Following the issue of the new ordinary shares, the total number of voting rights in the Company will be 1,009,421,826, the number of shares in treasury shall be 574,892 and the total number of ordinary shares in issue (including those in treasury) will be 1,009,996,718.

Application will be made for the new ordinary shares to be admitted to trading on the main market of London Stock Exchange Plc, to be admitted to listing on the premium segment of the Official List of the UK Listing Authority and to be listed on the main board of the Johannesburg Stock Exchange.

It is expected that admission of the new ordinary shares will take place at commencement of trade on both the LSE at 8:00 am and on the JSE at 9:00 am, on 17 August 2018.