RNS Number : 5058L
Stenprop Limited
06 September 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 THE COMPANY
6 September 2019
Shareholders are advised of the following information relating to the exercise of vested nil cost options awarded under the Stenprop Limited Amended Deferred Share Bonus Plan ("Deferred Bonus Plan"):
Name of director: | Julian Carey |
Transaction date: | 3 September 2019 |
Class of securities: | Nil cost options |
Number of securities exercised: | 107 090 |
Deemed total value of the transaction: | GBP 112,979.95 (at a deemed value of GBP 1.055 per nil cost option) |
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 above participants of the Deferred Bonus Plan, following which the total number of treasury shares held by the Company will be 15,830,040 ordinary shares and the total number of shares in issue less shares held in treasury will be 282,945,135 ordinary shares.
For further information:
Stenprop Limited James Beaumont Julian Carey | 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.
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.