RNS Number : 1609N
Sirius Real Estate Limited
15 January 2019
 

15 January 2019

Sirius Real Estate Limited

(the "Company")

NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PDMR

Notification and public disclosure of transactions by PDMRs and persons closely associated with them.

Following the approval by the Company's shareholders of the Sirius Real Estate Long Term Incentive Plan 2018 (the "LTIP") at the General Meeting on 5 December, the Company confirms that on 15 January 2019 it granted the "2018 Awards" under the LTIP, including awards granted to its Executive Directors and other Person Discharging Managerial Responsibilities.

Each award granted to the Executive Directors and other Person Discharging Managerial Responsibilities has been granted in the form of a Nil-Cost Option and consists of an "Ordinary Award" and an "Outperformance Award" as described in the circular relating to the General Meeting. 

Director/PDMR

Number of shares subject to Ordinary Award

Number of shares subject to Outperformance Award

Andrew Coombs

1,200,000

300,000

Alistair Marks

1,200,000

300,000

Rüdiger Swoboda

400,000

100,000

Each award is subject to a performance condition assessed over the three financial years of the Company ending on 30 March 2021.  Subject to the rules of the LTIP and to the satisfaction of the performance condition, the awards will vest following the assessment of the performance condition but will not be "released" until the end of a further two year holding period. 



 

 

1.

Details of PDMR / person closely associated with them ("PCA")

a)

Name

Andrew Coombs

2.

Reason for the notification

 

 

                

a)

Position / status

Chief Executive Officer

b)

Initial notification / amendment

Initial notification

3.

Details of the issuer

a)

Name

Sirius Real Estate Limited

 

b)

LEI

213800NURUF5W8QSK566

4.

Details of the transaction(s): section to be repeated for (i) each type of

instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

Ordinary shares of no par value. 

b)

Identification code

GB00B1W3VF54

c)

Nature of the transaction

Grant of nil-cost option over ordinary shares under the Sirius Real Estate 2018 Long Term Incentive Plan.

Mr. Coombs currently has a beneficial interest in 9,850,368 shares, representing 0.97% of the issued share capital.

d)

Price(s) and

volume(s)

Price(s)

Volume(s)

N/A

1,200,000 (Ordinary Award)

N/A

300,000 (Outperformance Award)

e)

Price(s) and

volume(s)

Price(s)

(p/GBP)

 

Volume(s)

Total(s)

(p/GBP)

n/a

1,200,000

Nil

n/a

300,000

Nil

f)

Date of the transaction

14 January 2019

g)

Place of the transaction

Outside a trading venue (off market)

h)

Nature and extent of interest in the transaction

Direct, beneficial

i)

Clearance to deal in these securities was obtained in accordance with Rule 3.66 of the Listings Requirements of the JSE Limited. 

 

 

1.

Details of PDMR / person closely associated with them ("PCA")

a)

Name

Alistair Marks

2.

Reason for the notification

 

 

                

a)

Position / status

Chief Financial Officer

b)

Initial notification / amendment

Initial notification

3.

Details of the issuer

a)

Name

Sirius Real Estate Limited

 

b)

LEI

213800NURUF5W8QSK566

4.

Details of the transaction(s): section to be repeated for (i) each type of

instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

Ordinary shares of no par value. 

b)

Identification code

GB00B1W3VF54

c)

Nature of the transaction

Grant of nil-cost option over ordinary shares under the Sirius Real Estate 2018 Long Term Incentive Plan.

Mr. Marks currently has a beneficial interest in 7,028,568 shares, representing 0.69% of the issued share capital.

d)

Price(s) and

volume(s)

Price(s)

Volume(s)

N/A

1,200,000 (Ordinary Award)

N/A

300,000 (Outperformance Award)

e)

Price(s) and

volume(s)

Price(s)

(p/GBP)

 

Volume(s)

Total(s)

(p/GBP)

n/a

1,200,000

Nil

n/a

300,000

Nil

f)

Date of the transaction

14 January 2019

g)

Place of the transaction

Outside a trading venue (off market)

h)

Nature and extent of interest in the transaction

Direct, beneficial

i)

Clearance to deal in these securities was obtained in accordance with Rule 3.66 of the Listings Requirements of the JSE Limited. 

 

 

1.

Details of PDMR / person closely associated with them ("PCA")

a)

Name

Rüdiger Swoboda

2.

Reason for the notification

 

 

                

a)

Position / status

Managing Director Sirius Facilities GmbH

b)

Initial notification / amendment

Initial notification

3.

Details of the issuer

a)

Name

Sirius Real Estate Limited

 

b)

LEI

213800NURUF5W8QSK566

4.

Details of the transaction(s): section to be repeated for (i) each type of

instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

Ordinary shares of no par value. 

b)

Identification code

GB00B1W3VF54

c)

Nature of the transaction

Grant of nil-cost option over ordinary shares under the Sirius Real Estate 2018 Long Term Incentive Plan.

Mr. Swoboda currently has a beneficial interest in 1,139,346 shares representing 0.11% of the issued share capital.

 

d)

Price(s) and

volume(s)

Price(s)

Volume(s)

N/A

400,000 (Ordinary Award)

N/A

100,000 (Outperformance Award)

e)

Price(s) and

volume(s)

Price(s)

(p/GBP)

 

Volume(s)

Total(s)

(p/GBP)

n/a

400,000

Nil

n/a

100,000

Nil

f)

Date of the transaction

14 January 2019

g)

Place of the transaction

Outside a trading venue (off market)

h)

Nature and extent of interest in the transaction

Direct, beneficial

i)

Clearance to deal in these securities was obtained in accordance with Rule 3.66 of the Listings Requirements of the JSE Limited. 

 

Enquiries

For further information:

 

Sirius Real Estate

Andrew Coombs, CEO

Alistair Marks, CFO

+49 (0)30 285010110

 

Tavistock

Jeremy Carey

James Verstringhe

Kirsty Allan

+44 (0)20 7920 3150

 

LEI: 213800NURUF5W8QSK566

 

JSE Sponsor

PSG Capital

 


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