RNS Number : 0170T
Stenprop Limited
22 March 2021
 

 

 

                 STENPROP LIMITED

(Registered in Guernsey)

(Registration number 64865)

LSE share code: STP    JSE share code: STP

ISIN:  GG00BFWMR296

("Stenprop" or the "Company")

 

 

DEALINGS BY A DIRECTOR OF THE COMPANY AND BY A PERSON DISCHARGING MANAGERIAL RESPONSIBILITY

 

 

22 March 2021

 

Shareholders are advised of the following information relating to the exercise of vested nil cost options and market value options and the subsequent disposals of ordinary shares of the Company received as a result of these transactions.

 

Clearance to deal was granted in respect of all dealings.

 

Name of director:

Patsy Watson

Transaction date:

19 March 2021

Class of securities:

Nil cost options

Number of securities:

850,102

Deemed price per security:

GBP 1.44

Deemed total value of the transaction:

GBP 1,224,146.88

Nature of transaction:

Off-market exercise of nil cost options

Nature and extent of director's interest:

Direct beneficial

 

Name of director:

Patsy Watson

Transaction date:

19 March 2021

Class of securities:

Ordinary shares

Number of securities sold:

425,000

Price per security:

GBP 1.44

Total value of the transaction:

GBP 612,000.00

Nature of transaction:

On-market sale

Nature and extent of director's interest:

Direct beneficial

 

Name:

Neil Marais

Position:

Director of Stenprop (Swiss) Limited and Stenprop Trafalgar Limited, being subsidiaries of Stenprop

Transaction date:

19 March 2021

Class of securities:

Market value options

Number of securities:

105,239

Price per security:

GBP 1.1171

Total value of the transaction:

GBP 117,562.49

Nature of transaction:

Off-market exercise of market value options

Nature and extent of director's interest:

Direct beneficial

 

Name:

Neil Marais

Position:

Director of Stenprop (Swiss) Limited and Stenprop Trafalgar Limited, being subsidiaries of Stenprop

Transaction date:

19 March 2021

Class of securities:

Ordinary shares

Number of securities sold:

105,239

Price per security:

GBP 1.44

Total value of the transaction:

GBP 151,544.16

Nature of transaction:

On-market sale

Nature and extent of director's interest:

Direct beneficial

 

The Company utilised treasury shares to settle the exercise of the nil cost options and market value options to the above participants. Following these transactions, the total number of treasury shares held by the Company is 12,866,950 and the total number of shares in issue less shares held in treasury is 285,908,225.

 

 

For further information:

Stenprop Limited                                                                                                           44(0)20 3918 6600

Paul Arenson (paul.arenson@stenprop.com)

Julian Carey (julian.carey@stenprop.com)

James Beaumont (james.beaumont@stenprop.com)

 

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

Hugh Jonathan

Vicki Paine

 

FTI Consulting (PR Adviser)                                                                                          44(0)20 3727 1000

Dido Laurimore

Richard Sunderland

Richard Gotla

Neel Bose

Stenprop@fticonsulting.com

 

Java Capital (JSE Sponsor)                                                                                              27 (0)11 722 3050

 

About Stenprop:

Stenprop is a UK REIT listed on the LSE and the JSE. 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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