Business
Results of Private and Secondary Placement
Results of Private and Secondary Placement.
About this update from Sirius Real Estate Limited
[{"type":"text","content":"\n \nRNS Number : 0308B Sirius Real Estate Limited 13 June 2016 \n\n \nTHIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES OR TO US PERSONS, AUSTRALIA, CANADA OR JAPAN OR ANY OTHER JURISDICTION IN WHICH SUCH PUBLICATION OR DISTRIBUTION IS UNLAWFUL.\n \n13 June 2016\nSirius Real Estate Limited\n(\"Sirius Real Estate\" or the \"Company\")\nResults of Private and Secondary Placement and Directors Shareholdings\nSirius Real Estate, the leading operator of branded business parks providing conventional and flexible workspace to the German market, announced the successful completion of the private placement and secondary placement bookbuild on Friday 10 June 2016. As announced, the book was significantly oversubscribed. A total of up to 66,200,000 ordinary shares were available for subscription (\"Private Placement\") or acquisition (\"Secondary Placement\") for which the Company received bids for 169,396,165 ordinary shares (in respect of both the Private Placement and the Secondary Placement) and the book cleared at €0.53 (fifty three Euro cents). Given the strength of the book and the opportunities available, the Board has used its discretion to increase the amount to be raised by the Company in terms of the Private Placement from €20 million to €30 million.\nAccordingly, in terms of the Private Placement a total of 56,603,774 new Ordinary Shares in Sirius Real Estate (the \"Private Placement Shares\") were placed raising gross proceeds of €30 million. The Private Placement Shares will be issued at a price of €0.53 (fifty three Euro cents) per share and the Rand/Euro exchange rate to be used by investors participating through the AltX market of the Johannesburg Stock Exchange is ZAR17.199 to EUR1.00, which is the rate secured by the Company through a forward ZAR/EUR exchange rate contract. The Private Placement Shares being issued represent, in aggregate, approximately 7.5 per cent. of Sirius Real Estate's issued ordinary share capital prior to the Private Placement.\nApplication will be made for the 56,603,774 Private Placement Shares to be admitted to trading on the AIM market of the London Stock Exchange Plc and to be listed on the AltX of the Johannesburg Stock Exchange (\"Admission\...