RNS Number : 3133B
Stenprop Limited
29 January 2020
 

 

 

 

      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 AND BY ASSOCIATES OF DIRECTORS OF STENPROP

 

 

29 January 2020

 

Stenprop shareholders are referred to previous announcements in respect of the offer to receive the interim dividend of 3.375 pence per share for the six months ended 30 September 2019 either as a cash dividend or a scrip dividend in return for Stenprop shares (the "Scrip Dividend"). Shareholders are advised of the following information relating to dealings in securities by a director and by associates of directors of the Company in terms of the Scrip Dividend. Clearance to deal was granted in respect of all Scrip Dividend elections.

 

Name of director:

Paul Arenson

Transaction date:

27 January 2020

Class of securities:

Ordinary shares

Number of securities:

10,496

Deemed total value of the transaction:

GBP 13,343.19 (at a value of GBP 1.271264 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

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:

27 January 2020

Class of securities:

Ordinary shares

Number of securities:

141,500

Deemed total value of the transaction:

GBP 179,883.86 (at a value of GBP 1.271264 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

Saruga Trust

Name of director and relationship to director:

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

Transaction date:

27 January 2020

Class of securities:

Ordinary shares

Number of securities:

80,127

Deemed total value of the transaction:

GBP 101,862.57 (at a value of GBP 1.271264 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

Lonat Trust

Name of director and relationship to director:

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

Transaction date:

27 January 2020

Class of securities:

Ordinary shares

Number of securities:

52,673

Deemed total value of the transaction:

GBP 66,961.29 (at a value of GBP 1.271264 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:

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:

27 January 2020

Class of securities:

Ordinary shares

Number of securities:

43,810

Deemed total value of the transaction:

GBP 55,694.08 (at a value of GBP 1.271264 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:

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:

27 January 2020

Class of securities:

Ordinary shares

Number of securities:

110,460

Deemed total value of the transaction:

GBP 140,423.82 (at a value of GBP 1.271264 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

 

 

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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