Business
Proposed capital raise of c. £145m
Proposed capital raise of c. £145m.
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 \nNOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, JAPAN OR SINGAPORE OR ANY OTHER JURISDICTION WHERE SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL. FURTHER, THIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND IS NOT AN OFFER OF SECURITIES IN ANY JURISDICTION.\n \nTHIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION AS DEFINED FOR THE PURPOSES OF ARTICLE 7 OF THE MARKET ABUSE REGULATION (EU NO. 596/2014), AS IT FORMS PART OF THE UNITED KINGDOM DOMESTIC LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018, AS AMENDED.\n \n20 November 2023\nSirius Real Estate Limited\n \nProposed capital raise of c. £145m to execute on near term acquisition pipeline\n \nSirius Real Estate Limited (\"Sirius\" or the \"Company\" and together with its subsidiaries, the \"Group\"), a leading owner and operator of branded business and industrial parks providing conventional space and flexible workspace in Germany and the United Kingdom (\"UK\"), announces its intention to conduct a non-pre-emptive placing of new ordinary shares in the Company (\"Ordinary Shares\") to raise gross proceeds of approximately £145m (the \"Capital Raise\") to enable the Company to execute on a significant near term pipeline of attractive acquisition opportunities, following the acquisition of assets in Liverpool, Barnsley and three in North London, acquired for a total of approximately £45m over the last four months. The issue and allotment of the new Ordinary Shares will be within the existing authorities of the Company's board of directors.\n \nThe Capital Raise will comprise an institutional placing (the \"Placing\") that will be conducted through an accelerated book building process (the \"Bookbuild\"), which will be launched immediately following this Announcement, and will be made available to new and existing eligible investors, a placing to selected qualified investors in South Africa (the \"South Africa Placing\") and an offer of new Ordinary Shares in the Company to be made on behalf of the Company by PrimaryBid Limited on its online platform (which w...