RNS Number : 3075B
Industrials REIT Limited
10 February 2022
 

INDUSTRIALS REIT LIMITED

(Formerly Stenprop Limited)

(Registered in Guernsey with registration number 64865)

LSE share code: MLI    JSE share code: MLI

ISIN:  GG00BFWMR296

("Industrials REIT" or the "Company")

 

 

10 February 2022

 

RESULTS ANNOUNCEMENT IN RESPECT OF AN ELECTION TO RECEIVE EITHER A CASH DIVIDEND OR A SCRIP DIVIDEND

 

Industrials REIT shareholders are referred to previous announcements, the most recent of which was released on Tuesday, 11 January 2022, in respect of the offer to receive the interim dividend of 3.375 pence per share for the six months ended 30 September 2021 either as a cash dividend or a scrip dividend by way of an issue of new Industrials REIT shares (of the same class as existing shares) credited as fully paid up.

 

The Company is pleased to announce that election forms for 1,428,082 shares of EUR 0.000001258 each in the Company (the "Scrip Dividend Shares") have been received, representing 0.48% of the current issued share capital of the Company. The Company intends to utilise treasury shares to settle the scrip dividend.

 

An application has been made for the Scrip Dividend Shares to be issued and allocated to shareholders (the "Allocation"). It is expected that the Allocation will occur on Friday, 11 February 2022. The Scrip Dividend Shares will rank pari passu in all respects with the Company's existing issued shares.

 

Following the Allocation, the total number of shares issued by the Company will be 298,775,175, of which 6,561,266 will be treasury shares. The total number of shares in issue following the Allocation, less shares held in treasury, will be 292,213,909, which may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the UK Financial Conduct Authority's Disclosure Guidance and Transparency Rules.

 

For further information:

 

Industrials REIT Limited               

Paul Arenson (paul.arenson@industrials.co.uk)

Julian Carey (julian.carey@industrials.co.uk)

James Beaumont (james.beaumont@industrials.co.uk)

 

44(0)20 3918 6600

Numis Securities Limited (Financial Adviser)

Hugh Jonathan

Vicki Paine

 

44(0)20 7260 1000

FTI Consulting (PR Adviser)

Richard Sunderland

Richard Gotla

Neel Bose

industrialsreit@fticonsulting.com 

 

44(0)20 3727 1000

Java Capital

(JSE Sponsor)

 

27 (0)11 722 3050

About Industrials REIT:

Industrials REIT is a UK REIT traded on the London Stock Exchange and the Johannesburg Stock Exchange. The objective of the Company is to deliver sustainable growing income to its investors. Industrials REIT invests 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.industrialsreit.com.

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
FURBGGDDSGBDGDG