Notification and public disclosure of transactions by Directors, in accordance with the Market Abuse Regulations
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")
13 June 2022
Notification and public disclosure of transactions by Directors, in accordance with the Market Abuse Regulations.
Shareholders are advised of the following information relating to the acceptance of nil cost options awarded on
10 June 2022 under the Industrials REIT Limited Long-Term Incentive Plan (the “LTIP”). The nil cost options
awarded under the LTIP will vest on 10 June 2025 subject to certain vesting conditions having been met, including
performance targets set by the Remuneration Committee prior to the awards being made. Assuming that the
performance targets are met in full at the end of the performance period, the nil cost options will result in the
issue of 820,971 shares.
1 Details of the person discharging managerial responsibilities / person closely associated
a) Name Paul Arenson
2 Reason for the notification
a) Position/status Chief Executive Officer of Industrials REIT Limited
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 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 Ordinary shares with a nominal value of €0.000001258
instrument, type of instrument
Identification code GG00BFWMR296
b) Nature of the transaction Off-market acceptance of nil cost options in terms of the LTIP
c) Price(s) and volume(s)
Price(s) Volume(s)
£1.8029 364,601
d) Aggregated information
- Aggregated volume 364,601
- Price £657,339.14
e) Date of the transaction 2022-06-10
f) Place of the transaction off-market transaction
1 Details of the person discharging managerial responsibilities / person closely associated
a) Name Julian Carey
2 Reason for the notification
a) Position/status Managing Director of Industrials REIT Limited
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 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 Ordinary shares with a nominal value of €0.000001258
instrument, type of instrument
Identification code GG00BFWMR296
b) Nature of the transaction Off-market acceptance of nil cost options in terms of the LTIP
c) Price(s) and volume(s)
Price(s) Volume(s)
£1.8029 350,313
d) Aggregated information
- Aggregated volume 350,313
- Price £631,579.31
e) Date of the transaction 2022-06-10
f) Place of the transaction off-market transaction
1 Details of the person discharging managerial responsibilities / person closely associated
a) Name James Beaumont
2 Reason for the notification
a) Position/status Chief Financial Officer of Industrials REIT Limited
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 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 Ordinary shares with a nominal value of €0.000001258
instrument, type of instrument
Identification code GG00BFWMR296
b) Nature of the transaction Off-market acceptance of nil cost options in terms of the LTIP
c) Price(s) and volume(s)
Price(s) Volume(s)
£1.8029 106,057
d) Aggregated information
- Aggregated volume 106,057
- Price £191,210.17
e) Date of the transaction 2022-06-10
f) Place of the transaction off-market transaction
Shareholders are further advised of the following information relating to the acceptance of nil cost options
awarded on 10 June 2022 under the Industrials REIT Limited Deferred Share Bonus Plan (the “DSBP”). One third
of these nil cost options vested immediately, with the second third vesting on 31 March 2023 and the last third
vesting on 31 March 2024. Once fully vested, they will result in the issue of 185,897 shares.
1 Details of the person discharging managerial responsibilities / person closely associated
a) Name Paul Arenson
2 Reason for the notification
a) Position/status Chief Executive Officer of Industrials REIT Limited
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 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 Ordinary shares with a nominal value of €0.000001258
instrument, type of instrument
Identification code GG00BFWMR296
b) Nature of the transaction Off-market acceptance of nil cost options in terms of the DSBP
c) Price(s) and volume(s)
Price(s) Volume(s)
£1.8029 82,583
d) Aggregated information
- Aggregated volume 82,583
- Price £148,888.89
e) Date of the transaction 2022-06-10
f) Place of the transaction off-market transaction
1 Details of the person discharging managerial responsibilities / person closely associated
a) Name Julian Carey
2 Reason for the notification
a) Position/status Managing Director of Industrials REIT Limited
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 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 Ordinary shares with a nominal value of €0.000001258
instrument, type of instrument
Identification code GG00BFWMR296
b) Nature of the transaction Off-market acceptance of nil cost options in terms of the DSBP
c) Price(s) and volume(s)
Price(s) Volume(s)
£1.8029 79,346
d) Aggregated information
- Aggregated volume 79,346
- Price £143,052.90
e) Date of the transaction 2022-06-10
f) Place of the transaction off-market transaction
1 Details of the person discharging managerial responsibilities / person closely associated
a) Name James Beaumont
2 Reason for the notification
a) Position/status Chief Financial Officer of Industrials REIT Limited
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 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 Ordinary shares with a nominal value of €0.000001258
instrument, type of instrument
Identification code GG00BFWMR296
b) Nature of the transaction Off-market acceptance of nil cost options in terms of the DSBP
c) Price(s) and volume(s)
Price(s) Volume(s)
£1.8029 23,968
d) Aggregated information
- Aggregated volume 23,968
- Price £43,211.91
e) Date of the transaction 2022-06-10
f) Place of the transaction off-market transaction
This announcement is made in accordance with Article 19 of the UK Market Abuse Regulation.
For further information:
Industrials REIT Limited 44(0)20 3918 6600
Paul Arenson (paul.arenson@industrials.co.uk)
Julian Carey (julian.carey@industrials.co.uk)
James Beaumont (james.beaumont@industrials.co.uk)
Numis Securities Limited (Financial Adviser) 44(0)20 7260 1000
Hugh Jonathan
Vicki Paine
FTI Consulting (PR Adviser) 44(0)20 3727 1000
Richard Sunderland
Richard Gotla
Neel Bose
industrialsreit@fticonsulting.com
Java Capital 27 (0)11 722 3050
(JSE Sponsor)
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.
Date: 13-06-2022 04:30:00
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