Results announcement in respect of an election to receive either a cash dividend or a scrip dividend
STENPROP LIMITED
(Registered in Guernsey)
(Registration number 64865)
LSE share code: STP JSE share code: STP
ISIN: GG00BFWMR296
(“Stenprop” or the “Company”)
RESULTS ANNOUNCEMENT IN RESPECT OF AN ELECTION TO RECEIVE EITHER A CASH DIVIDEND OR A SCRIP DIVIDEND
13 August 2020
Stenprop shareholders are referred to previous announcements, the last of which was released on Tuesday, 14 July 2020, in respect of the offer
to receive the final dividend of 3.375 pence per share for the six months ended 31 March 2020 either as a cash dividend or a scrip dividend by way
of an issue of new Stenprop shares (of the same class as existing shares) credited as fully paid up.
The Company is pleased to announce that election forms for 3,301,265 shares of EUR 0.000001258 pence each in the Company (the “Scrip Dividend
Shares”) have been received, representing 1.10% 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, 14 August 2020. 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 12,505,486 will be treasury shares. The
total number of shares in issue following the Allocation, less shares held in treasury, will be 286,269,689. From 14 August 2020, the figure of
286,269,689 shares 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:
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 Trustees and Sponsors Proprietary Limited 27 (0)11 722 3050
(JSE Sponsor)
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.
Date: 13-08-2020 10:00:00
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