Business
Allotment of 2018 Long Term Incentive Plan Shares
Allotment of 2018 Long Term Incentive Plan Shares.
About this update from Sirius Real Estate Limited
[{"type":"text","content":"\n\nSIRIUS REAL ESTATE LIMITED\n(Incorporated in Guernsey)\nCompany Number: 46442\nJSE Share Code: SRE\nLSE (GBP) Share Code: SRE\nLEI: 213800NURUF5W8QSK566\nISIN Code: GG00B1W3VF54\n \n8 June 2023\nSirius Real Estate Limited\n \n(\"Sirius Real Estate\", \"Sirius\" or the \"Company\")\n \nAllotment of 2018 Long Term Incentive Plan Shares and notification of transactions by Persons Discharging Managerial Responsibilities (\"PDMRs\")\n \nSirius Real Estate announces that awards granted on 15 June 2020 under the Sirius Real Estate Limited Long Term Incentive Plan 2018 (the \"2018 LTIP\") vested on 22 May 2023 to 6 participants in respect of 3,100,000 ordinary shares of no par value in the Company. The awards were exercised on\n5 June 2023, following which the requisite tax directives were obtained.\n \n1,859,000 shares are now due to be delivered to satisfy these awards and a further 1,241,000 shares have been withheld in partial settlement of certain participants' tax liabilities arising in respect of the vesting. Accordingly, 1,859,000 ordinary shares of no par value will be issued to qualifying participants. Disclosure of the awards made to the Persons Discharging Managerial Responsibilities (\"PDMRs\") are detailed below. The participant awards will be made up of an issue of 1,859,000 new ordinary shares of no par value in the Company.\n \nFollowing the issue of the new ordinary shares, the total number of voting rights in the Company will be 1,177,722,985. There are no shares held in Treasury.\n \nApplication has been made for the new ordinary shares to be admitted to trading on the main market of London Stock Exchange Plc (\"LSE\"), to be admitted to listing on the premium segment of the Official List of the Financial Conduct Authority and to be listed on the main board of the JSE Limited (\"JSE\"). It is expected that admission of the new ordinary shares will take place at commencement of trade on both the LSE at 8.00am (BST) and on the JSE at 9.00am (SAST), on or around 15 June 2023.\nNotification of dealing forms\n\n\n\n\n1.\n\n\nDetails of PDMR / person closely associated with them (\"PCA\")\n\n\n\n\na)\n\n\nName\n\n\nAndrew Coombs\n\n\n\n\n2.\n\n\nReason for the notification\n \n \n \n\n\n...