SIRIUS REAL ESTATE
LIMITED
(Incorporated in
Guernsey)
Company Number: 46442
JSE Share Code: SRE
LSE (GBP) Share Code: SRE
LEI: 213800NURUF5W8QSK566
ISIN Code: GG00B1W3VF54
NOT
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.
11 July 2024
Sirius Real Estate
Limited
Publication of Prospectus
Further to the announcements dated
10 and 11 July 2024 relating to a
non-pre-emptive placing of new ordinary shares ("New Ordinary Shares") in Sirius Real
Estate Limited (the "Company") to raise gross proceeds of
approximately £150 million (the
"Capital Raising"), the
Company is pleased to announce that the Financial Conduct Authority
("FCA") has approved the
Prospectus dated 11 July 2024 relating to the admission to trading
of the New Ordinary Shares.
The
Prospectus is available on the Company's website. A copy of the
Prospectus will shortly be submitted to the National Storage
Mechanism and will be available for inspection at
https://data.fca.org.uk/#/nsm/nationalstoragemechanism.
Enquiries:
Sirius Real Estate Limited
Andrew Coombs, CEO / Chris Bowman,
CFO
Tel: +44 (0) 203 727 1000 (via
FTI)
Berenberg (UK Sponsor,
Joint Global Co-ordinator & Joint Bookrunner)
Toby Flaux / Richard Bootle / Alix
Mecklenburg-Solodkoff / Patrick Dolaghan
Tel: +44 (0) 203 207 7800
Peel Hunt (Joint Global
Co-ordinator & Joint Bookrunner)
Investment Banking: Capel Irwin /
Carl Gough / Henry Nicholls / Flora McMicking
ECM Syndicate: Sohail Akbar / Ella
Hastings
Tel: +44 (0) 207 418 8900
Panmure Liberum (Joint
Bookrunner)
David Watkins / Amrit
Mahbubani
Tel: +44 (0) 203 100 2000
PSG
Capital (SA Adviser, Sole SA
Bookrunner, Placing Agent & JSE Sponsor)
Terence Kretzmann / Calvin Craig /
Johann Piek
Tel: +27 (0) 81 831 2709 / +27 (0)
72 959 8198 / +27 (0) 65 975 1000
FTI
Consulting (Financial
PR)
Richard Sunderland / Ellie Sweeney /
James McEwan / Talia Shirion
Tel: +44 (0) 203 727 1000
SiriusRealEstate@fticonsulting.com
NOTES TO EDITORS
About Sirius Real Estate Limited
Sirius is a property company listed
on the main and premium market of the London Stock Exchange and the
main board of the JSE. It is a leading owner and operator of
branded business and industrial parks providing conventional space
and flexible workspace in Germany and the UK. As of
31 March 2024, the Group's portfolio comprised 142 assets
let to 9,654 tenants with a total book value of over €2.1 billion,
generating a total annualised rent roll of €188.7 million. Sirius
also holds a 35% stake in Titanium, its €350+ million
German-focused joint venture with clients of AXA IM
Alts.
The Company's strategy centres on
acquiring business parks at attractive yields and integrating them
into its network of sites - both under the Sirius and BizSpace
names and alongside a range of branded products. The business then
seeks to reconfigure and upgrade existing and vacant space to
appeal to the local market via intensive asset management and
investment and may then choose to refinance or dispose of assets
selectively once they meet maturity, to release capital for new
investment. This active approach allows the Company to generate
attractive returns for shareholders through growing rental income,
improving cost recoveries and capital values, and enhancing returns
through securing efficient financing terms.
For more information, please
visit: www.sirius-real-estate.com
Follow us on LinkedIn at
https://www.linkedin.com/company/siriusrealestate/
Follow us on X (Twitter) at
@SiriusRE
IMPORTANT NOTICES
This Announcement is not for
publication or distribution, directly or indirectly, in or into the
United States of America. This Announcement is not an offer of
securities for sale into the United States. The securities referred
to herein have not been and will not be registered under the
Securities Act and may not be offered or sold in the United States,
except pursuant to an applicable exemption from registration. No
public offering of securities is being made in the United
States.
This Announcement is for information
purposes only and is not intended to and does not constitute or
form part of any offer or invitation to purchase or subscribe for,
or any solicitation to purchase or subscribe for any securities in
any jurisdiction. No offer or invitation to purchase or subscribe
for, or any solicitation to purchase or subscribe for, any
securities will be made in
any jurisdiction in which such an
offer or solicitation is unlawful.
Certain statements contained in this
Announcement constitute "forward-looking statements" with respect
to the financial condition, results of operations and businesses
and plans of the Company and the Group. Words such as "believes",
"anticipates", "estimates", "expects", "intends", "plans", "aims",
"potential", "will", "would", "could", "considered", "likely",
"estimate" and variations of these words and similar future or
conditional expressions, are intended to identify forward-looking
statements but are not the exclusive means of identifying such
statements. These statements and forecasts involve risk and
uncertainty because they relate to events and depend upon future
circumstances that have not occurred. There are a number of factors
that could cause actual results or developments to differ
materially from those expressed or implied by these forward-looking
statements and forecasts. As a result, the Group's actual financial
condition, results of operations and business and plans may differ
materially from the plans, goals and expectations expressed or
implied by these forward-looking statements. No representation or
warranty is made as to the achievement or reasonableness of, and no
reliance should be placed on, such forward-looking statements. No
statement in this Announcement is intended to be, nor may it be
construed as, a profit forecast or be relied upon as a guide to
future performance. The forward-looking statements contained in
this Announcement speak only as of the date of this
Announcement.
This Announcement does not
constitute a recommendation concerning any investor's investment
decision with respect to the Capital Raising. Any indication in
this Announcement of the price at which Ordinary Shares have been
bought or sold in the past cannot be relied upon as a guide to
future performance. The price of shares and any income expected
from them may go down as well as up and investors may not get back
the full amount invested upon disposal of the shares. Past
performance is no guide to future performance. The contents of this
Announcement are not to be construed as legal, business, financial
or tax advice. Each investor or prospective investor should consult
his, her or its own legal adviser, business adviser, financial
adviser or tax adviser for legal, financial, business or tax
advice.
No statement in this Announcement is
intended to be a profit forecast or profit estimate for any period
and no statement in this Announcement should be interpreted to mean
that earnings, earnings per share or income, cash flow from
operations or free cash flow for the Company for the current or
future financial periods would necessarily match or exceed the
historical published earnings, earnings per share or income, cash
flow from operations or free cash flow for the Company.
Neither the content of the Company's
website (or any other website) nor the content of any website
accessible from hyperlinks on the Company's website (or any other
website) is incorporated into or forms part of this
Announcement.
This Announcement has been prepared
for the purposes of complying with applicable law and regulation in
the United Kingdom and the information disclosed may not be the
same as that which would have been disclosed if this Announcement
had been prepared in accordance with the laws and regulations of
any jurisdiction outside the United Kingdom.