RNS Number : 6876R
Industrials REIT Limited
07 July 2022
 

 

INDUSTRIALS REIT LIMITED

(formerly Stenprop Limited)

(Registered in Guernsey)

(Registration number 64865)

LSE share code: MLI  JSE share code: MLI

ISIN:  GG00BFWMR296

("Industrials REIT" or the "Company")

 

7 July 2022

 

Notification and public disclosure of transactions by directors in accordance with the UK Market Abuse Regulation

 

The Company announces that options granted on 15 March 2022 to the directors of the Company named below to purchase shares under the Industrials REIT February 2022 ShareSave plan at an option price of £1.5546 per share were cancelled. Instead, the relevant directors were granted new options to purchase shares of the Company under the Industrials REIT June 2022 ShareSave plan on 6 July 2022 at an option price of £1.4547 per share.

The Industrials REIT ShareSave plan is a UK HM Revenue & Customs approved all-employee Save As You Earn share option plan, under which employees are able to save from their monthly salary funds to exercise share options at the end of the savings period at a fixed discounted option price.

PDMRs

No. of cancelled options

No. of new options

Paul Arenson

11,578

12,373

James Beaumont

2,315

2,474

Julian Carey

5,785

4,949

 

The new options will be exercisable from 1 September 2025.

This announcement is made in accordance with Article 19 of the UK Market Abuse Regulation. The relevant FCA notifications are set out below.

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

 

Mr Paul Arenson

2

 

Reason for the notification

 

a)

 

Position/status

 

 

Chief Executive Officer

b)

 

Initial notification /Amendment

 

 

Initial notification

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

a)

 

Name

 

 

Industrials REIT Limited

b)

 

LEI

 

 

5493004JYL71EMLTB211

4.1

 

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

 

 

a)

 

Description of the financial instrument, type of instrument

Ordinary shares with a nominal value of €0.000001258



Identification code

GG00BFWMR296



b)

 

Nature of the transaction and extent of director's interest

 

 

Cancellation of share options under the Company's February 2022 ShareSave Plan.

c)

 

Price(s) and volume(s)







Price(s)

Volume(s)




£1.5546

11,578







d)

 

Aggregated information




- Aggregated volume

11,578



- Aggregated Price

£17,999.16



e)

 

Date of the transaction

 

 

2022-07-06

f)

Place of the transaction

Outside a trading venue

4.2

 

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

 

 

a)

 

Description of the financial instrument, type of instrument

Ordinary shares with a nominal value of €0.000001258



Identification code

GG00BFWMR296



b)

 

Nature of the transaction and extent of director's interest

 

 

Grant of share options under the Company's June 2022 ShareSave Plan.

c)

 

Price(s) and volume(s)







Price(s)

Volume(s)




1.4547

12,373







d)

 

Aggregated information




- Aggregated volume

12,373



- Aggregated Price

£17,999.00



e)

 

Date of the transaction

 

 

2022-07-06

f)

Place of the transaction

Outside a trading venue

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

 

Mr James Beaumont

2

 

Reason for the notification

 

a)

 

Position/status

 

 

Chief Financial Officer

b)

 

Initial notification /Amendment

 

 

Initial notification

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

a)

 

Name

 

 

Industrials REIT Limited

b)

 

LEI

 

 

5493004JYL71EMLTB211

4.1

 

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

 

 

a)

 

Description of the financial instrument, type of instrument

Ordinary shares with a nominal value of €0.000001258



Identification code

GG00BFWMR296



b)

 

Nature of the transaction and extent of director's interest

 

 

Cancellation of share options under the Company's February 2022 ShareSave Plan.

c)

 

Price(s) and volume(s)







Price(s)

Volume(s)




£1.5546

2,315







d)

 

Aggregated information




- Aggregated volume

2,315



- Aggregated Price

£3,598.90



e)

 

Date of the transaction

 

 

2022-07-06

f)

Place of the transaction

Outside a trading venue

4.2

 

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

 

 

a)

 

Description of the financial instrument, type of instrument

Ordinary shares with a nominal value of €0.000001258



Identification code

GG00BFWMR296



b)

 

Nature of the transaction and extent of director's interest

 

 

Grant of share options under the Company's June 2022 ShareSave Plan.

c)

 

Price(s) and volume(s)







Price(s)

Volume(s)




£1.4547

2,474







d)

 

Aggregated information




- Aggregated volume

2,474



- Aggregated Price

£3,598.93



e)

 

Date of the transaction

 

 

2022-07-06

f)

Place of the transaction

Outside a trading venue

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

 

Mr Julian Carey

2

 

Reason for the notification

 

a)

 

Position/status

 

 

Managing Director

b)

 

Initial notification /Amendment

 

 

Initial notification

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

a)

 

Name

 

 

Industrials REIT Limited

b)

 

LEI

 

 

5493004JYL71EMLTB211

4.1

 

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

 

 

a)

 

Description of the financial instrument, type of instrument

Ordinary shares with a nominal value of €0.000001258



Identification code

GG00BFWMR296



b)

 

Nature of the transaction and extent of director's interest

 

 

Grant of share options under the Company's February 2022 ShareSave Plan.

c)

 

Price(s) and volume(s)







Price(s)

Volume(s)




£1.5546

5,785







d)

 

Aggregated information




- Aggregated volume

5,785



- Aggregated Price

£8,993.36



e)

 

Date of the transaction

 

 

2022-07-06

f)

Place of the transaction

Outside a trading venue

4.2

 

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

 

 

a)

 

Description of the financial instrument, type of instrument

Ordinary shares with a nominal value of €0.000001258



Identification code

GG00BFWMR296



b)

 

Nature of the transaction and extent of director's interest

 

 

Grant of share options under the Company's June 2022 ShareSave Plan.

c)

 

Price(s) and volume(s)







Price(s)

Volume(s)




£1.4547

4,949







d)

 

Aggregated information




- Aggregated volume

4,949



- Aggregated Price

£7,199.31



e)

 

Date of the transaction

 

 

2022-07-06

f)

Place of the transaction

Outside a trading venue

 

 

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 with a primary listing on the London Stock Exchange and a secondary listing on the JSE. The objective of the Company is to deliver a combination of sustainable growing income and growth in value to its investors. Industrials REIT focuses on owning and operating a diversified portfolio of UK purpose built multi-let industrial (MLI) estates across the UK. The Company aspires to be the leading MLI business in the UK. For further information, go to www.industrialsreit.com.

 

 

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