RNS Number : 0077V
Stenprop Limited
03 April 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 A DIRECTOR OF MAJOR SUBSIDIARIES OF THE COMPANY
3 April 2019
Shareholders are advised of the following information relating to the exercise of nil cost options awarded under the Stenprop Limited Amended Deferred Share Bonus Plan ("Deferred Bonus Plan"), comprising 3,674 nil-cost options granted on 8 June 2017 and 6,121 nil-cost options granted on 7 June 2018, which all vested on 31 March 2019 at a deemed value of GBP 1.10 per nil cost option:
Name of director of major subsidiaries: | Neil Marais |
Name of major subsidiaries: | Stenprop (UK) Limited and Stenprop (Germany) Limited |
Transaction date: | 31 March 2019 |
Class of securities: | Nil cost options |
Number of securities exercised: | 9,795 |
Deemed total value of the transaction: | GBP 10,774.50 |
Nature of transaction:
Nature and extent of director's interest: Clearance to deal received: | Off-market exercise of nil cost options in terms of the Deferred Bonus Plan Direct beneficial Yes |
The Company intends to utilise treasury shares to settle the exercise of the nil cost options to the director and to other participants of the Deferred Bonus Plan, following which the total number of treasury shares held by the Company will be 15,975,826 ordinary shares and the total number of shares in issue less shares held in treasury will be 282,799,349 ordinary shares.
For further information:
Stenprop Limited Paul Arenson | 44(0)20 3918 6600 |
Numis Securities Limited (Financial Adviser) Hugh Jonathan | 44(0)20 7260 1000 |
JSE Sponsor Java Capital Trustees and Sponsors Proprietary Limited | 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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