RNS Number : 8098N
Stenprop Limited
23 January 2019
 

 

STENPROP LIMITED

(Registered in Guernsey)

(Registration number 64865)

LSE share code: STP    JSE share code: STP

ISIN:  GG00BFWMR296

("Stenprop" or the "Company")

 

DEALINGS IN SECURITIES BY DIRECTORS, BY ASSOCIATES OF DIRECTORS AND BY A DIRECTOR OF MAJOR SUBSIDIARIES OF THE COMPANY

23 January 2019

 

Shareholders are advised of the following information relating to dealings in securities by directors, by associates of directors, by a director of major subsidiaries of the Company and by an associate of a director of major subsidiaries of the Company, pursuant to the declaration of a cash dividend for the six months ended 30 September 2018 with an election to receive a scrip dividend in lieu of cash ("scrip dividend") in accordance with the circular issued on 20 December 2018. Clearance to deal was granted in respect of all shares allocated in terms of the scrip dividend.

 

Name of director:

Julian Carey

Transaction date:

21 January 2019

Class of securities:

Ordinary shares

Number of securities:

106,423

Price per security:

GBP 1.000282

Total value:

GBP 106,453.01

Nature of transaction:

Election to receive shares pursuant to the scrip dividend as an
off-market transaction

Nature and extent of director's interest:

Direct beneficial

 

Name of director:

Paul Arenson

Transaction date:

21 January 2019

Class of securities:

Ordinary shares

Number of securities:

13,475

Price per security:

GBP 1.000282

Total value:

GBP 13,478.80

Nature of transaction:

Election to receive shares pursuant to the scrip dividend as an
off-market transaction

Nature and extent of director's interest:

Direct beneficial

 

Name of associate:

Jabali Enterprises Limited

Name of director and relationship to director:

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

Transaction date:

21 January 2019

Class of securities:

Ordinary shares

Number of securities:

181,672

Price per security:

GBP 1.000282

Total value:

GBP 181,723.23

Nature of transaction:

Election to receive shares pursuant to the scrip dividend as an
off-market transaction through SP Nominees, a nominee company which holds shares on behalf of Jabali Enterprises Limited

Nature and extent of director's interest:

Indirect beneficial

 



 

Name of associate:

Zowert Properties Limited

Name of director and relationship to director:

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

Transaction date:

21 January 2019

Class of securities:

Ordinary shares

Number of securities:

56,247

Price per security:

GBP 1.000282

Total value:

GBP 56,262.86

Nature of transaction:

Election to receive shares pursuant to the scrip dividend as an
off-market transaction

Nature and extent of director's interest:

Indirect beneficial

 

Name of associate:

Lonat Trust

Name of director and relationship to director:

Paul Arenson, who is a discretionary beneficiary of the Lonat Trust

Transaction date:

21 January 2019

Class of securities:

Ordinary shares

Number of securities:

67,626

Price per security:

GBP 1.000282

Total value:

GBP 67,645.07

Nature of transaction:

Election to receive shares pursuant to the scrip dividend as an
off-market transaction

Nature and extent of director's interest:

Indirect beneficial

 

Name of associate:

Saruga Trust

Name of director and relationship to director:

Paul Arenson, who is a discretionary beneficiary of the Saruga Trust

Transaction date:

21 January 2019

Class of securities:

Ordinary shares

Number of securities:

102,874

Price per security:

GBP 1.000282

Total value:

GBP 102,903.01

Nature of transaction:

Election to receive shares pursuant to the scrip dividend as an
off-market transaction

Nature and extent of director's interest:

Indirect beneficial

 

Name of associate:

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:

21 January 2019

Class of securities:

Ordinary shares

Number of securities:

147,021

Price per security:

GBP 1.000282

Total value:

GBP 147,062.46

Nature of transaction:

Election to receive shares pursuant to the scrip dividend as an
off-market transaction through SP Nominees, a nominee company which holds shares on behalf of Millicent Limited

Nature and extent of director's interest:

Indirect beneficial

 



 

Name of associate:

Pringlelight Investments Proprietary Limited

Name of director and relationship to director:

Warren Lawlor, who is the sole director of Pringlelight Investments Proprietary Limited and a beneficiary of the Warren Lawlor Family Trust which has a beneficial interest in Pringlelight Investments Proprietary Limited

Transaction date:

18 January 2019

Class of securities:

Ordinary shares

Number of securities:

699

Price per security:

ZAR 18.0013

Total value:

ZAR 12,582.91

Nature of transaction:

Election to receive shares pursuant to the scrip dividend as an
off-market transaction

Nature and extent of director's interest:

Indirect beneficial

 

Name of associate:

Ferryman Capital Partners Limited

Name of director and relationship to director:

Warren Lawlor, who is a beneficiary of the Warren Lawlor Family Trust, which has a beneficial interest in Ferryman Capital Partners Limited

Transaction date:

21 January 2019

Class of securities:

Ordinary shares

Number of securities:

24,745

Price per security:

GBP 1.000282

Total value:

GBP 24,751.98

Nature of transaction:

Election to receive shares pursuant to the scrip dividend as an
off-market transaction through SP Nominees, a nominee company which holds shares on behalf of Ferryman Capital Partners Limited

Nature and extent of director's interest:

Indirect beneficial

 

Name of director:

Neil Marais, who is a director of Stenprop (UK) Limited and Stenprop (Germany) Limited, being major subsidiaries of Stenprop

Transaction date:

21 January 2019

Class of securities:

Ordinary shares

Number of securities:

507

Price per security:

GBP 1.000282

Total value:

GBP 507.14

Nature of transaction:

Election to receive shares pursuant to the scrip dividend as an
off-market transaction

Nature and extent of director's interest:

Direct beneficial

 

Name of director:

Neil Marais, who is a director of Stenprop (UK) Limited and Stenprop (Germany) Limited, being major subsidiaries of Stenprop

Transaction date:

21 January 2019

Class of securities:

Ordinary shares

Number of securities:

9,130

Price per security:

GBP 1.000282

Total value:

GBP 9,132.57

Nature of transaction:

Election to receive shares pursuant to the scrip dividend as an
off-market transaction through SP Nominees, a nominee company which holds shares on behalf of Neil Marais

Nature and extent of director's interest:

Direct beneficial

 



 

Name of associate:

Sphere Investments Limited

Name of director and relationship to director:

Stephen Ball, who is a director of Stenprop (UK) Limited and Stenprop (Germany) Limited, being major subsidiaries of Stenprop. Stephen Ball has a beneficial interest in Sphere Investments Limited

Transaction date:

21 January 2019

Class of securities:

Ordinary shares

Number of securities:

9,432

Price per security:

GBP 1.000282

Total value:

GBP 9,434.66

Nature of transaction:

Election to receive shares pursuant to the scrip dividend as an
off-market transaction

Nature and extent of director's interest:

Indirect beneficial

 

For further information:

 

Stenprop Limited

Paul Arenson
Patsy Watson
Julian Carey

44(0)20 3918 6600

 

Numis Securities Limited (Financial Adviser)

Hugh Jonathan
Vicki Paine

44(0)20 7260 1000

 

Tavistock (PR adviser)

James Whitmore

James Verstringhe

Kirsty Allan

44(0)20 7920 3150

 

JSE Sponsor

Java Capital

27 (0) 11 722 3050

 

About Stenprop

Stenprop is a Guernsey-registered UK REIT. 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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