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Cash Dividend And Offer Of Dividend Reinvestment Plan
SIRIUS REAL ESTATE LIMITED
(Incorporated in Guernsey)
Company Number: 46442
JSE Share Code: SRE
LSE (GBP) Share Code: SRE
LEI: 213800NURUF5W8QSK566
ISIN Code: GG00B1W3VF54
3 June 2024
Sirius Real Estate Limited
("Sirius Real Estate", "Sirius" or the "Company")
Cash dividend and offer of Dividend Reinvestment Plan
The board of directors of Sirius has earlier today declared a dividend for the six-month period ended 31
March 2024 of €0.0305 per share, an increase of 2.35% on the €0.0298 per share dividend relating to the
corresponding period last year. There was a 6.5% increase in the total dividend for the financial year to
31 March 2024 of €0.0605 (2023: €0.0568).
The dividend is payable on Thursday 25 July 2024 to Sirius shareholders ("Shareholders") on the share
register Friday, 28 June 2024.
The Company will not be offering a scrip dividend alternative but, for those Shareholders who wish to
receive their dividend in the form of shares, the Dividend Reinvestment Plan ("DRIP") will be available.
This means that the net dividend after tax is effectively reinvested by acquiring additional shares in the
Company. The DRIP terms and conditions of the DRIP can be found at www.signalshares.com (for
Shareholders on the UK share register) and www.sirius-real-estate.com/investors/dividends/
(for Shareholders on the SA share register).
1. Salient dates and times
Shareholders on the UK share register
Dividend declaration date Monday, 3 June 2024
Last day to trade in order to be eligible for the cash Wednesday, 26 June 2024
dividend (the UK Last Day To Trade)
Shares commence trading ex the cash dividend (the UK Thursday, 27 June 2024
Ex-Dividend Date) (the UK Ex-Dividend Date)
Record Date for Shareholders on the UK share register Friday, 28 June 2024
("UK Shareholders") (the UK Record Date)
Last day for receipt of DRIP elections and currency Monday, 1 July 2024
elections by UK Registrars (Link)
Payments via electronic funds transfers, dividend Thursday, 25 July 2024
cheques and tax vouchers
CREST accounts credited and/or updated with the Thursday, 25 July 2024
dividend payment in cash
Dividend payment date Thursday, 25 July 2024
DRIP purchases settlement date (subject to market Tuesday, 30 July 2024
conditions and the purchase of shares in the open
market)
DRIP results announcement Tuesday, 13 August 2024
Shareholders on the SA share register
Dividend declaration and finalisation date Monday, 3 June 2024
Last day to trade in order to be eligible for the cash Tuesday, 25 June 2024
dividend (the SA Last Day To Trade)
Shares commence trading ex the cash dividend (the SA Wednesday, 26 June 2024
Ex-Dividend Date)
Record date for Shareholders on the SA share register Friday, 28 June 2024
("SA Shareholders") (the SA Record Date)
Last day for receipt of DRIP elections Monday, 1 July 2024
Central Securities Depository Participants ("CSDPs") and Thursday, 25 July 2024
broker accounts credited and/or updated with the
dividend payment in cash
Dividend payment date Thursday, 25 July 2024
DRIP purchases settlement date (subject to market Monday, 12 August 2024
conditions and the purchase of shares in the open
market)
DRIP results announcement Tuesday, 13 August 2024
To facilitate settlement of the dividend to entitled SA Shareholders, share certificates may not be
dematerialised or rematerialised between Wednesday, 26 June 2024 (the SA Ex-Dividend Date) and Friday,
28 June 2024 (the SA Record Date). No transfers of Sirius shares shall be registered in the SA share register,
or between the SA share register and the UK share register, between Monday, 3 June 2024 (the Dividend
Declaration Date) and Friday, 28 June 2024. All dates are inclusive.
The dividend has been declared by the board of directors of the Company in Euro, from retained earnings.
UK Shareholders may choose to receive their entitlement to the dividend in cash in either Euro or Sterling.
UK Shareholders who do not make a valid Sterling currency election will receive any entitlement to the cash
dividend in Euro. The Sterling currency election form is available online at: www.sirius-real-
estate.com/investors/dividends/ SA Shareholders will receive any entitlement to the cash dividend in SA
Rand ("ZAR").
2. Conversion Rates
The Euro to Sterling Conversion Rate (UK share register only)
For UK Shareholders who make a valid Sterling currency election, the conversion rate for the purposes of
calculating the dividend for the six months ended 31 March 2024 will be a Euro to Sterling Rate of £0.85365.
On this basis, UK Shareholders who have elected to receive their entitlement to the dividend in cash in
Sterling will be entitled to a gross dividend of £0.02603 (Sterling) per share. The gross dividend will be
subject to tax, unless exempt.
The Euro to ZAR Conversion Rate (SA share register only)
For SA Shareholders, the conversion rate for the purposes of calculating the dividend authorised in
connection with the period ended 31 March 2024 will be 20.29221 ZAR to 1 Euro.
The Euro to ZAR conversion for payment of the dividend in ZAR will be settled on Monday, 3 June 2024,
using the Euro to ZAR Conversion Rate which has been fixed by the Company as at Friday, 31 May 2024.
The closing market price for a share on the JSE on Friday, 31 May 2024 was R23.11.
On this basis, SA Shareholders will receive a gross dividend of 61.89124 (ZAR cents) per share. The gross
dividend will be subject to tax, unless exempt.
3. Dividend Reinvestment Plan
UK Shareholders
UK Shareholders who wish to participate in the DRIP should complete an application form online at:
www.signalshares.com. Please note that for any future offers of the DRIP, those shareholders who hold
their shares on the UK principal register and have participated in the DRIP, need not complete a DRIP
election form for each dividend as such forms provide an ongoing authority to participate in the DRIP until
cancelled in writing or online at www.signalshares.com.
SA Shareholders
As at the date of this announcement, all SA Shareholders hold their shares in a dematerialised form through
the Strate system. Such shareholders who wish to participate in the DRIP should contact their CSDP or
broker. SA Shareholders who rematerialise their share certificate(s) will not be eligible to participate in the
DRIP.
Certificated shareholders or dematerialised shareholders who have rematerialised their share certificate(s),
who wish to participate in the DRIP are required to dematerialise their share certificate(s) and transfer their
shares into a CSDP. Should you hold registered share certificates and wish to dematerialise your share
certificates in order to participate in the DRIP, please contact Computershare on +2711 370 5000 (overseas)
or call 086 1100 933 between 08:30 to 17:00 SAST on business days, for the procedure to be followed.
For further details, please see the DRIP terms and conditions, which could be found at www.sirius-real-
estate.com/investors/dividends/.
4. Property Income Distribution ("PID"), non-PID and taxation
Shareholders are advised that the cash dividend declared will be paid as a 100% non-PID.
Shareholders will thus be paid as follows:
UK Shareholders UK Shareholders SA Shareholders
(GBP pence) (Euro cents) (ZAR cents)
Non-PID (gross) 2.60363 3.050 61.89124
*less 20% SA - - (12.37825)
withholding tax
Non-PID payable - - 49.51299
(net SA only)
* Non-PID – taxed as a normal dividend in SA
Additional information on the tax implication for Shareholders can be found at www.sirius-real-
estate.com/investors/dividends/
Shareholders who are in any doubt about their tax position, or who are subject to tax in a jurisdiction
other than the UK or SA, should consult their own appropriate independent professional adviser without
delay.
Non-residents would have to submit a declaration and written undertaking in the prescribed form to the
relevant regulated intermediary for the exemption to apply. The declaration and written undertaking
must be submitted before the due date for the payment of the dividend.
5. General information
On Monday, 3 June 2024, being the declaration date of the dividend, the Company had in issue
1,348,140,369 ordinary shares and there were no shares held in treasury. The Company is incorporated
in Guernsey with Company number 46442 and its tax registration number in Guernsey is 1EC.956 and its
UK tax number is GB 203993015.
The dividend is being paid from the UK.
6. Exchange Control Regulations
The following is intended only as a guide and is therefore not a comprehensive statement of the Exchange
Control Regulations of South Africa issued under the South African Currency and Exchanges Act, No. 9 of
1933, as amended ("Exchange Control Regulations"), applicable to SA Shareholders.
Shareholders who are in any doubt as to the appropriate course of action to take should consult their
professional advisors.
Any shares acquired via the DRIP are not freely transferable from South Africa and must be dealt with in
the terms of the Exchange Control Regulations.
Shareholders who hold shares on the SA share register can only receive reinvested shares on that register.
Non-resident Shareholders and emigrants who elect to receive:
1. The cash dividend
As the cash dividend will be paid out of the Company's distributable profits, such dividends are freely
transferable from South Africa. For emigrants, the election of the cash dividend by emigrants must be
made through an authorised dealer in foreign exchange controlling the Shareholder's emigrant capital
account.
2. Reinvested shares via the DRIP
Only dematerialised Shareholders may participate in the DRIP and all aspects relating to the Exchange
Control Regulations will be managed by their CSDP or broker, as follows:
(A) Non-residents
Reinvested shares will be credited to their CSDP or broker accounts and a "Non-Resident" annotation will
appear in the CSDP or broker register. Dividend payments will be credited directly to the bank accounts
nominated for them by their CSDP or broker.
(B) Emigrants
Based on shares controlled in terms of the Exchange Control Regulations, reinvested shares will be
controlled and form part of the emigrant's remaining assets and be reflected in the capital account held
with the Authorised Dealer controlling these assets. In particular, it will be the CSDP of the Authorised
Dealer or the CSDP contracted by the Authorised Dealer that will be responsible to implement the election
and a "Non-Resident" annotation will appear in the CSDP. These shares will thus form part of the
remaining assets of the emigrant. However, it should be noted that it was indicated by the South African
Reserve Bank in Exchange Control Circular 3/2023, that remaining funds in South Africa may be
transferred from South Africa up to R10 million, subject to the emigrant obtaining the relevant tax TCS
clearance from the South African Revenue Service.
In terms of the Exchange Control Regulations of South Africa:
1. any share certificates that might be issued to non-resident shareholders will be endorsed 'Non-
Resident';
2. any new share certificates issued based on emigrants' shares controlled in terms of the Exchange
Control Regulations, will be forwarded to the Authorised Dealer controlling their remaining assets.
Such share certificates will be endorsed 'Non-Resident'; and
3. dividend and residual cash payments are freely transferable from South Africa.
For further information:
Sirius Real Estate
Andrew Coombs, CEO +49 (0)30 285010110
Chris Bowman, CFO
FTI Consulting (financial PR)
Richard Sunderland +44 (0)20 3727 1000
Talia Shirion
SiriusRealEstate@fticonsulting.com
JSE Sponsor
PSG Capital
Date: 03-06-2024 03:00:00
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