RNS Number : 2152J
Stenprop Limited
16 August 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 AND BY ASSOCIATES OF DIRECTORS OF STENPROP
16 August 2019
Stenprop shareholders are referred to previous announcements in respect of the offer to receive the final dividend of 3.375 pence per share for the six months ended 31 March 2019 either as a cash dividend or a scrip dividend in return for Stenprop shares (the "Scrip Dividend"), the results of which were announced on Thursday, 15 August 2019. Shareholders are advised of the following information relating to dealings in securities by a director of major subsidiaries of the Company and by associates of directors of the Company in terms of the Scrip Dividend. Clearance to deal was granted in respect of all shares allocated in terms of the Scrip Dividend.
Name of director of major subsidiaries: | Neil Marais |
Name of major subsidiaries: | Stenprop (UK) Limited and Stenprop (Germany) Limited |
Transaction date: | 16 August 2019 |
Class of securities: | Ordinary shares |
Number of securities: | 8,096 |
Deemed total value of the transaction: | GBP 8,706.20 (at a value of GBP 1.07537 per share) |
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: | 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: | 16 August 2019 |
Class of securities: | Ordinary shares |
Number of securities: | 131,251 |
Deemed total value of the transaction: | GBP 141,143.39 (at a value of GBP 1.07537 per share) |
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 | 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: | 16 August 2019 |
Class of securities: | Ordinary shares |
Number of securities: | 166,338 |
Deemed total value of the transaction: | GBP 178,874.90 (at a value of GBP 1.07537 per share) |
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 |
The Company utilised treasury shares to settle the Scrip Dividend. From today's date, the total number of treasury shares held by the Company is 15,937,130 ordinary shares and the total number of shares in issue less shares held in treasury is 282,838,045 ordinary shares.
For further information:
Stenprop Limited 44(0)20 3918 6600
Paul Arenson
James Beaumont
Julian Carey
Numis Securities Limited (Financial Adviser) 44(0)20 7260 1000
Hugh Jonathan
Vicki Paine
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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