RNS Number : 9436T
Stenprop Limited
30 March 2021
 

 

 

STENPROP LIMITED

(Registered in Guernsey)

(Registration number 64865)

LSE share code: STP    JSE share code: STP

ISIN:  GG00BFWMR296

("Stenprop" or the "Company")

 

 

CHANGE IN THE NATURE OF ASSOCIATES' HOLDINGS OF STENPROP SHARES

 

 

30 March 2021

 

Shareholders are advised of the following information relating to the transfer of Stenprop shares between associates of Patsy Watson, and separately relating to the transfer of Stenprop shares between associates of Paul Arenson. Following the conclusion of both sets of dealings, there is no change in each of Patsy Watson and Paul Arenson's indirect beneficial interests in Stenprop shares.

 

Name of associate purchaser:

The Swallow Trust

Name of associate seller:

Millicent Limited

Name of director and relationship to director:

Patsy Watson, who is a discretionary beneficiary of the Swallow Trust, which has a beneficial interest in Millicent Limited

Transaction date:

29 March 2021

Class of securities:

Ordinary shares

Number of securities:

681,500

Deemed price per security:

GBP 1.45

Deemed total value of the transaction:

GBP 988,175.00

Nature of transaction:

Off-market sale and purchase

Nature and extent of director's interest:

Indirect beneficial

 

Name of associate purchaser:

Lonat Limited

Name of associate seller:

The Lonat Trust

Name of director and relationship to director:

Paul Arenson, who is a discretionary beneficiary of the The Lonat Trust, which has a beneficial interest in Lonat Limited

Transaction date:

29 March 2021

Class of securities:

Ordinary shares

Number of securities:

2,369,758

Deemed price per security:

GBP 1.45

Deemed total value of the transaction:

GBP 3,436,149.10

Nature of transaction:

Off-market sale and purchase

Nature and extent of director's interest:

Indirect beneficial

 

Name of associate purchaser:

Lonat Limited

Name of associate seller:

The SarugaTrust

Name of director and relationship to director:

Paul Arenson, who is a discretionary beneficiary of the Saruga Trust and of the The Lonat Trust, which has a beneficial interest in Lonat Limited

Transaction date:

29 March 2021

Class of securities:

Ordinary shares

Number of securities:

3,604,919

Deemed price per security:

GBP 1.45

Deemed total value of the transaction:

GBP 5,227,132.55

Nature of transaction:

Off-market sale and purchase

Nature and extent of director's interest:

Indirect beneficial

 

 

 

Name of associate purchaser:

Lonat Limited

Name of associate seller:

Jabali Enterprises Limited

Name of director and relationship to director:

Paul Arenson, who is a discretionary beneficiary of the The Lonat Trust, which has a beneficial interest in Lonat Limited and Jabali Enterprises Limited

Transaction date:

29 March 2021

Class of securities:

Ordinary shares

Number of securities:

6,366,102

Deemed price per security:

GBP 1.45

Deemed total value of the transaction:

GBP 9,230,847.90

Nature of transaction:

Off-market sale and purchase

Nature and extent of director's interest:

Indirect beneficial

 

Name of associate purchaser:

Wetherby Holdings Limited

Name of associate seller:

Zowert Properties Limited

Name of director and relationship to director:

Paul Arenson, who is a discretionary beneficiary of the The Saruga Trust, which has a beneficial interest in Zowert Properties Limited and which also has a beneficial interest in Wetherby HoldingsLimited

Transaction date:

29 March 2021

Class of securities:

Ordinary shares

Number of securities:

1,971,009

Deemed price per security:

GBP 1.45

Deemed total value of the transaction:

GBP 2,857,963.05

Nature of transaction:

Off-market sale and purchase

Nature and extent of director's interest:

Indirect beneficial

 

 

For further information:

Stenprop Limited                                                                                                           44(0)20 3918 6600

Paul Arenson (paul.arenson@stenprop.com)

Julian Carey (julian.carey@stenprop.com)

James Beaumont (james.beaumont@stenprop.com)

 

Numis Securities Limited (Financial Adviser)                                                            44(0)20 7260 1000

Hugh Jonathan

Vicki Paine

 

FTI Consulting (PR Adviser)                                                                                          44(0)20 3727 1000

Dido Laurimore

Richard Sunderland

Richard Gotla

Neel Bose

Stenprop@fticonsulting.com

 

Java Capital (JSE Sponsor)                                                                                              27 (0)11 722 3050

 

About Stenprop:

Stenprop is a UK REIT listed on the LSE and the JSE. The objective of the Company is to deliver sustainable growing income to its investors. Stenprop's investment policy is to invest in a diversified portfolio of UK multi-let industrial (MLI) properties with the strategic goal of becoming the leading MLI business in the UK. For further information, go to www.stenprop.com.

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