On 7 June 2021, the Sirius Real Estate Limited announced a dividend of 1.98c per share, with a record date of 9 July 2021 for UK and South African shareholders and payable on 19 August 2021. On the record date, 1,054,755,527 shares were in issue. Since there were no shares held in treasury, 1,054,755,527 shares (including shares held by "Employee Benefit Trust") were entitled to participate in the dividend. Holders of 476,206,726 shares elected to receive the dividend in ordinary shares under the Scrip Dividend Alternative, representing a dividend of €9,429,000 (€9,195,000 as at settlement date) while holders of 578,548,801 shares opted for a cash dividend with a value of €11,455,000. The Company's Employee Benefit Trust waived its rights to the dividend, reducing the cash payable to €11,388,000 (€11,381,000 as at settlement date). The total dividend was €20,817,000 (€20,576,000 as at settlement date).
The Group's profit attributable to the owners of the Company for the period was €67.7 million (30 September 2020: €56.5 million). The Board has authorised a dividend relating to the six month period ended 30 September 2021 of 2.04c per share, representing 65% of FFO.
It is expected that, for the dividend authorised relating to the six month period ended 30 September 2021, the ex-dividend date will be 14 December 2021 for shareholders on the South African register and 16 December 2021 for shareholders on the UK register. It is further expected that for shareholders on both registers the record date will be 17 December 2021 and the dividend will be paid on 20 January 2022. A detailed dividend announcement will be made on 29 November 2021, including details of a scrip dividend alternative.
The dividend paid per the statement of changes in equity is the value of the cash dividend.
