Business
General Meeting - Posting of Circular
General Meeting - Posting of Circular.
About this update from Sirius Real Estate Limited
[{"type":"text","content":"\n \nRNS Number : 0848H Sirius Real Estate Limited 12 November 2018 \n\n12 November 2018\nSirius Real Estate Limited\n(\"Sirius Real Estate\", \"Sirius\" or the \"Company\")\nGeneral Meeting - Posting of Circular\n \nSirius Real Estate, the leading operator of branded business parks providing conventional space and flexible workspace in Germany, has today published a circular convening a General Meeting seeking shareholder approval for a new Long-Term Incentive Plan and Remuneration Policy.\n \nIn the Directors' Remuneration Report for the year ended 31 March 2018, the Company set out its intention to seek approval for a new Long-Term Incentive Plan (the \"2018 LTIP\") for the Executive Directors and other key executives of the Company. The Remuneration Committee finalised these proposals in the summer and subsequently has conducted a consultation in respect of them with Sirius's largest shareholders and some major shareholder representative bodies.\n \nHaving taken into account the feedback and support received in the consultation process, the Company has today published a circular (the \"Circular\") convening a General Meeting of the Company seeking shareholder approval for the 2018 LTIP, as well as a new Remuneration Policy incorporating the 2018 LTIP. The resolution regarding the Remuneration Policy is a non-binding advisory vote only, in accordance with the Listings Requirements of the Johannesburg Stock Exchange.\n \nThe Circular contains further details on the background to, and the reasons for, the proposals. The Circular also contains a notice convening the General Meeting to be held at the offices of 33 St James' Square, London SW1Y 4JS at 10.00 am on Wednesday, 5 December 2018 (\"Meeting\").\n \nThe Circular contains a recommendation from the Board that shareholders vote in favour of the 2018 LTIP and the new Remuneration Policy. The rules of the 2018 LTIP and the new Remuneration Policy, together with the Circular, will be available for inspection at the Company's registered office, being Trafalgar Court, 2nd Floor, East Wing, Admiral Park, St Peter Port, Guernsey, GY1 3EL, at PSG Capital's offices at 1st Floor, Ou Kollege Building, 35 Kerk Street, Stellenbosch, 7600 and at 2nd Floor Building 3, 11 Alice Lane, Sandhurst, Sandton, 2196 South Africa and at the offices of...