Cash dividend/ offer of Dividend Reinvestment Plan
Summary by AI BETAClose X
SIRIUS REAL ESTATE LIMITED
(Incorporated in Guernsey)
Company Number: 46442
JSE Share Code: SRE
LSE (GBP) Share Code: SRE
LEI: 213800NURUF5W8QSK566
ISIN Code: GG00B1W3VF54
1 June 2026
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 2026 of €0.0322 per share.
The dividend is payable on Thursday, 30 July 2026 to Sirius shareholders ("Shareholders") on the share register on Friday, 10 July 2026.
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 again 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 can be found at https://www.mpms.mufg.com/en/for-individuals/uk/shareholders/dividend-reinvestment-plan-drip/company-information
(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, 1 June 2026 |
|
Last day to trade in order to be eligible for the cash dividend (the UK Last Day To Trade) |
Wednesday, 8 July 2026 |
|
Shares commence trading ex the cash dividend (the UK Ex-Dividend Date) (the UK Ex-Dividend Date) |
Thursday, 9 July 2026 |
|
Record Date for Shareholders on the UK share register ("UK Shareholders") (the UK Record Date) |
Friday, 10 July 2026 |
|
Last day for receipt of DRIP elections and currency elections by UK Registrars (MUFG Corporate Markets) |
Monday, 13 July 2026 |
|
Payments via electronic funds transfers, dividend cheques and tax vouchers |
Thursday, 30 July 2026 |
|
CREST accounts credited and/or updated with the dividend payment in cash |
Thursday, 30 July 2026 |
|
Dividend payment date |
Thursday, 30 July 2026 |
|
DRIP purchases settlement date (subject to market conditions and the purchase of shares in the open market) |
Monday, 3 August 2026 |
|
DRIP results announcement |
Tuesday, 18 August 2026 |
Shareholders on the SA share register
|
Dividend declaration and finalisation date (including announcement of exchange rate) |
Monday, 1 June 2026 |
|
Last day to trade in order to be eligible for the cash dividend (the SA Last Day To Trade) |
Tuesday, 7 July 2026 |
|
Shares commence trading ex the cash dividend (the SA Ex-Dividend Date) |
Wednesday, 8 July 2026 |
|
Record date for Shareholders on the SA share register ("SA Shareholders") (the SA Record Date) |
Friday, 10 July 2026 |
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Last day for receipt of DRIP elections |
Monday, 13 July 2026 |
|
Central Securities Depository Participants ("CSDPs") and broker accounts credited and/or updated with the dividend payment in cash |
Thursday, 30 July 2026 |
|
Dividend payment date |
Thursday, 30 July 2026 |
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DRIP purchases settlement date (subject to market conditions and the purchase of shares in the open market) |
Friday, 14 August 2026 |
|
DRIP results announcement |
Tuesday, 18 August 2026 |
To facilitate settlement of the dividend to SA Shareholders, share certificates may not be dematerialised or rematerialised between Wednesday, 8 July 2026 (the SA Ex-Dividend Date) and Friday, 10 July 2026
(the SA Record Date), both dates inclusive. Shares cannot be moved between the SA share register and the UK share register, and no such transfers of Sirius shares between the SA share register and the UK share register shall be registered, between Monday, 1 June 2026 (the Exchange Rate Announcement Date) and Friday, 10 July 2026 (the SA Record Date), both dates 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 purpose of calculating the dividend for the six months ended 31 March 2026 will be a Euro to Sterling Rate of £0.86655.
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 £0.0279029 per share. The gross dividend will be subject to tax, unless exempt and subject to dividend withholding tax, or subject to a reduced rate, if applicable.
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 2026 will be 18.93939 ZAR to 1 Euro.
The Euro to ZAR conversion for payment of the dividend in ZAR will be settled on Monday, 1 June 2026 (Exchange Rate Announcement Date), using the Euro to ZAR Conversion Rate which has been fixed by the Company as at Friday, 29 May 2026. The closing market price for a share on the JSE on Friday, 29 May 2026 was R21.68.
On this basis, SA Shareholders will receive a gross dividend of 60.98484 (ZAR cents) per share. The gross dividend will be subject to tax, unless exempt or subject to a reduced rate, if applicable.
3. Dividend Reinvestment Plan
UK Shareholders
UK Shareholders who wish to participate in the DRIP should complete an application form online at: https://uk.investorcentre.mpms.mufg.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 https://uk.investorcentre.mpms.mufg.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 +27 11 370 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 100% non-PID.
Shareholders will thus be paid as follows:
|
|
UK Shareholders |
UK Shareholders |
SA Shareholders |
|
Non-PID payable (gross) |
3.220 |
2.79029 |
60.98484 |
|
*less 20% SA dividends tax for SA Shareholders who are SA tax residents |
- |
- |
(12.19697) |
|
Non-PID payable |
- |
- |
48.78787 |
* SA dividends tax applies at the rate of 20% for SA Shareholders who are SA tax residents, if an exemption does not apply
Additional information on the tax implication for Shareholders can be found at
www.sirius-real-estate.com/investors/dividends/.
The contents of this announcement are not to be construed as legal or tax advice. 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, 1 June 2026, being the declaration date of the dividend, the Company had in issue 1,588,665,840 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 not intended to constitute advice and only serves 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 advisers.
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.
The following principles apply to non-resident Shareholders and emigrants who make the relevant election:
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 (in relation to income and capital distributions from inter vivos trusts), 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. dividends and residual cash payments from reserves are freely transferable from South Africa.
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For further information:
Sirius Real Estate AJ Gallagher Group Company Secretary |
+49 +44 (0) 20 3059 0821 |
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FTI Consulting (financial PR) Richard Sunderland Ellie Smith |
+44 (0) 20 3727 1000
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JSE Sponsor PSG Capital |
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