Business
Allotment of New Shares
Allotment of New Shares.
About this update from Sirius Real Estate Limited
[{"type":"text","content":"\n \nRNS Number : 0592S Sirius Real Estate Limited 06 March 2019 \n\n06 March 2019\nSirius Real Estate Limited\n(\"Sirius Real Estate\", \"Sirius\" or the \"Company\")\nAllotment of New Shares\n \nSirius Real Estate announces that awards granted to 106 participants under the Sirius Real Estate Limited Long Term Incentive Plan 2015 (the \"2015 LTIP\") vested on 4 March 2019 in respect of 1,780,109 ordinary shares of no par value in the Company.\n \n1,780,109 shares are now due to be delivered to satisfy these awards, of which 632,243 shares have been withheld in partial settlement of certain participants' tax liabilities arising in respect of the vesting. Accordingly, 1,147,866 ordinary shares of no par value will be issued to qualifying participants. Disclosure of an award made to the Group Company Secretary is detailed below. There are no other PDMRs in the participant group. The participant awards will be made up of an issue of 1,061,066 new ordinary shares of no par value and a transfer of 86,800 ordinary shares of no par value from the Sirius Real Estate Employee Benefits Trust.\n \nFollowing the issue of the new ordinary shares, the total number of voting rights in the Company will be 1,022,140,875. There are no shares held in Treasury.\n \nApplication will be 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 UK Listing Authority and to be listed on the main board of the Johannesburg Stock Exchange (\"JSE\"). It is expected that admission of the new ordinary shares will take place at commencement of trade on both the LSE at 8am (BST) and on the JSE at 9am (SAST), on or around 11 March 2019.\n \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\nAoife Bennett\n\n\n\n\n2.\n\n\nReason for the notification\n\n\n\n\na)\n\n\nPosition / status\n\n\nGroup Company Secretary\n\n\n\n\nb)\n\n\nInitial notification / amendment\n\n\nInitial notification\n\n\n\n\n3.\n\n\nDetails of the issuer\n\n\n\n\na)\n\n\nName\n\n\nSirius Real Estate Limited\n \n\n\n\n\nb)\n\n\nLEI\n\n\n213800NURUF5W8QSK566\n\n\n\n\n4.\n\n\nDetails of the transaction(s): section to be repeated for (i) each type of\ninstrument; (ii) eac...