RNS Number : 7254B
Stenprop Limited
10 June 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 A DIRECTOR OF MAJOR SUBSIDIARIES OF THE COMPANY AND

                                         BY THE COMPANY SECRETARY

10 June 2019

 

Shareholders are advised of the following information relating to the acceptance of nil cost options and market value options awarded on 6 June 2019 under the Stenprop Limited Long Term Incentive Plan ("Long Term Incentive Plan"). The nil cost options will vest on 31 March 2022 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 964,172 shares. The market value options will vest in three tranches on 31 March 2020, 31 March 2021 and 31 March 2022 and once fully vested will result in the issue of 320,063 shares subject to the payment of the exercise price of £1.1171 per share.

 

Name of director:

Paul Arenson

Transaction date:

6 June 2019

Class of securities:

Nil cost options

Number of securities:

491,631

Nature of transaction:

 

Nature and extent of director's interest:

Clearance to deal received:

Off-market acceptance of nil cost options in terms of the Long Term Incentive Plan

Direct beneficial

Yes

 

Name of director:

Julian Carey

Transaction date:

6 June 2019

Class of securities:

Nil cost options

Number of securities:

472,541

Nature of transaction:

 

Nature and extent of director's interest:

Clearance to deal received:

Off-market acceptance of nil cost options in terms of the Long Term Incentive Plan

Direct beneficial

Yes

 

Name of director:

James Beaumont

Transaction date:

6 June 2019

Class of securities:

Market value options

Number of securities:

109,361

Total price payable on exercise:

£122,167.17

Nature of transaction:

 

Nature and extent of director's interest:

Clearance to deal received:

Off-market acceptance of market value options in terms of the Long Term Incentive Plan

Direct beneficial

Yes

 

Name of director:

Neil Marais

Name of major subsidiaries:

Stenprop (UK) Limited and Stenprop (Germany) Limited

Transaction date:

6 June 2019

Class of securities:

Market value options

Number of securities:

94,627

Total price payable on exercise:

£105,707.82

Nature of transaction:

 

Nature and extent of director's interest:

Clearance to deal received:

Off-market acceptance of market value options in terms of the Long Term Incentive Plan

Direct beneficial

Yes

 

 

 

 

 

 

 

Name of company secretary:

Sarah Bellilchi

Transaction date:

6 June 2019

Class of securities:

Market value options

Number of securities:

116,075

Total price payable on exercise:

£129,667.38

Nature of transaction:

 

Nature and extent of company secretary's interest:

Clearance to deal received:

Off-market acceptance of market value options in terms of the Long Term Incentive Plan

Direct beneficial

Yes

 

Shareholders are further advised of the following information relating to the acceptance of nil cost options awarded on 6 June 2019 under the Stenprop Limited Amended Deferred Share Bonus Plan ("Deferred Bonus Plan"). One third of these nil cost options vested immediately, with the second third vesting on 31 March 2020 and the last third vesting on 31 March 2021. Once fully vested, they will result in the issue of 478,296 shares.

 

Name of director:

Paul Arenson

Transaction date:

6 June 2019

Class of securities:

Nil cost options

Number of securities:

142,137

Nature of transaction:

 

Nature and extent of director's interest:

Clearance to deal received:

Off-market acceptance of nil cost options in terms of the Deferred Bonus Plan

Direct beneficial

Yes

 

Name of director:

Patsy Watson

Transaction date:

6 June 2019

Class of securities:

Nil cost options

Number of securities:

136,618

Nature of transaction:

 

Nature and extent of director's interest:

Clearance to deal received:

Off-market acceptance of nil cost options in terms of the Deferred Bonus Plan

Direct beneficial

Yes

 

Name of director:

Julian Carey

Transaction date:

6 June 2019

Class of securities:

Nil cost options

Number of securities:

136,618

Nature of transaction:

 

Nature and extent of director's interest:

Clearance to deal received:

Off-market acceptance of nil cost options in terms of the Deferred Bonus Plan

Direct beneficial

Yes

 

Name of director:

James Beaumont

Transaction date:

6 June 2019

Class of securities:

Nil cost options

Number of securities:

21,112

Nature of transaction:

 

Nature and extent of director's interest:

Clearance to deal received:

Off-market acceptance of nil cost options in terms of the Deferred Bonus Plan

Direct beneficial

Yes

 

Name of director:

Neil Marais

Name of major subsidiaries:

Stenprop (UK) Limited and Stenprop (Germany) Limited

 

Transaction date:

6 June 2019

Class of securities:

Nil cost options

Number of securities:

17,347

Nature of transaction:

 

Nature and extent of director's interest:

Clearance to deal received:

Off-market acceptance of nil cost options in terms of the Deferred Bonus Plan

Direct beneficial

Yes

 

 

 

 

 

 

Name of company secretary:

Sarah Bellilchi

Transaction date:

6 June 2019

Class of securities:

Nil cost options

Number of securities:

24,469

Nature of transaction:

 

Nature and extent of company secretary's interest:

Clearance to deal received:

Off-market acceptance of nil cost options in terms of the Deferred Bonus Plan

Direct beneficial

Yes

 

For further information:

Stenprop Limited                                                                                              44(0)20 3918 6600

Paul Arenson

Julian Carey

James Beaumont

 

 

Numis Securities Limited (Financial Adviser)                                              44(0)20 7260 1000

Hugh Jonathan

Vicki Paine     

 

Tavistock (PR Adviser)                                                                                      44(0)20 7920 3150

James Whitmore

James Verstringhe

Charlotte Dale

 

Java Capital                                                                                                       27 (0)11 722 3050

(JSE sponsor)

            

 

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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