Requisition of EGM

RNS Number : 1743J

Sirius Real Estate Limited

27 June 2011

 

Sirius Real Estate Limited

Requisition of Extraordinary General Meeting

On 24^th June 2011 the Company received notice from The Bank of New York (Nominees) Limited - Undesignated and The Bank of New York (Nominees) Limited - Designated Account 141498 (as nominees on behalf of Weiss Asset Management LP), being the registered holders of 38,783,804 shares in the Company (approximately 12.8% of the total shares in issue carrying voting rights), of a requisition of an Extraordinary General Meeting of the Company. Accordingly, the Board's current intention is to send to shareholders, within 21 days from receipt of this requisition, unless the proposals are withdrawn, a notice convening an Extraordinary General Meeting to be held not more than 28 days from the issue of the notice convening the meeting, to vote on the resolutions (the "Resolutions") proposed under the notice. The Resolutions will propose the removal of Dick Kingston and Walter Hens as directors of the Company, and the appointment as directors of the Company of Rolf Elgeti and Eitan Milgram.

The Company will provide notice of the Extraordinary General Meeting in due course and in accordance with its articles of incorporation.

Enquiries:

Principle Capital Sirius Real Estate Asset Management Limited                                           

Kevin Oppenheim, CEO                                                                         020 7004 7150

Alistair Marks, CFO

Peel Hunt LLP                                   

Capel Irwin  

Alex Vaughan                                                                                          020 7418 8900

Cardew Group                                    

Tim Robertson                                                                                         020 7930 0777 

 

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