Purchases of Shares in Close

RNS Number : 8715S

Sirius Real Estate Limited

27 May 2009

 



Sirius Real Estate Limited

('SRE' or the 'Company')

Purchases of Shares in Close Period

The Company has been informed that on 26 May 2009 Athol Trust and Springbok Trust each acquired 17,500 SRE shares at an average price of 21.5c per share.

This acquisition of shares in SRE was executed under the terms of a close period trading plan, which was entered into by Frank Oppenheim and Kevin Oppenheim, both of whom are directors of the Company's asset manager, on 31 March 2009 (prior to the commencement of the Company's current close period).  This trading plan is to be executed by the Company's corporate broker, JPMorgan Cazenove, to purchase on their behalf and within certain pre-set parameters, ordinary shares in SRE and expires on the date on which the Company's Preliminary results to 31 March 2009 are announced.

Frank Oppenheim and Kevin Oppenheim, both of whom are directors of the Company's asset manager, Principle Capital Sirius Real Estate Asset Management Limited, are the beneficiaries of, respectively, Athol Trust and Springbok Trust.

In addition, Frank and Kevin Oppenheim each indirectly hold 25% of the share capital of Staracre Limited, which owns 15,000,000 ordinary shares of the Company.

Following the above acquisitions, Frank Oppenheim indirectly holds 9,157,585 ordinary shares of the Company representing 3.03% of the ordinary shares in issue. Kevin Oppenheim indirectly holds 9,157,588 ordinary shares of the Company representing 3.03% of the ordinary shares in issue.

 

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