RNS Number : 9436T
Stenprop Limited
30 March 2021
STENPROP LIMITED
(Registered in Guernsey)
(Registration number 64865)
LSE share code: STP JSE share code: STP
ISIN: GG00BFWMR296
("Stenprop" or the "Company")
CHANGE IN THE NATURE OF ASSOCIATES' HOLDINGS OF STENPROP SHARES
30 March 2021
Shareholders are advised of the following information relating to the transfer of Stenprop shares between associates of Patsy Watson, and separately relating to the transfer of Stenprop shares between associates of Paul Arenson. Following the conclusion of both sets of dealings, there is no change in each of Patsy Watson and Paul Arenson's indirect beneficial interests in Stenprop shares.
Name of associate purchaser: | The Swallow Trust |
Name of associate seller: | 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: | 29 March 2021 |
Class of securities: | Ordinary shares |
Number of securities: | 681,500 |
Deemed price per security: | GBP 1.45 |
Deemed total value of the transaction: | GBP 988,175.00 |
Nature of transaction: | Off-market sale and purchase |
Nature and extent of director's interest: | Indirect beneficial |
Name of associate purchaser: | Lonat Limited |
Name of associate seller: | The Lonat Trust |
Name of director and relationship to director: | Paul Arenson, who is a discretionary beneficiary of the The Lonat Trust, which has a beneficial interest in Lonat Limited |
Transaction date: | 29 March 2021 |
Class of securities: | Ordinary shares |
Number of securities: | 2,369,758 |
Deemed price per security: | GBP 1.45 |
Deemed total value of the transaction: | GBP 3,436,149.10 |
Nature of transaction: | Off-market sale and purchase |
Nature and extent of director's interest: | Indirect beneficial |
Name of associate purchaser: | Lonat Limited |
Name of associate seller: | The SarugaTrust |
Name of director and relationship to director: | Paul Arenson, who is a discretionary beneficiary of the Saruga Trust and of the The Lonat Trust, which has a beneficial interest in Lonat Limited |
Transaction date: | 29 March 2021 |
Class of securities: | Ordinary shares |
Number of securities: | 3,604,919 |
Deemed price per security: | GBP 1.45 |
Deemed total value of the transaction: | GBP 5,227,132.55 |
Nature of transaction: | Off-market sale and purchase |
Nature and extent of director's interest: | Indirect beneficial |
Name of associate purchaser: | Lonat Limited |
Name of associate seller: | Jabali Enterprises Limited |
Name of director and relationship to director: | Paul Arenson, who is a discretionary beneficiary of the The Lonat Trust, which has a beneficial interest in Lonat Limited and Jabali Enterprises Limited |
Transaction date: | 29 March 2021 |
Class of securities: | Ordinary shares |
Number of securities: | 6,366,102 |
Deemed price per security: | GBP 1.45 |
Deemed total value of the transaction: | GBP 9,230,847.90 |
Nature of transaction: | Off-market sale and purchase |
Nature and extent of director's interest: | Indirect beneficial |
Name of associate purchaser: | Wetherby Holdings Limited |
Name of associate seller: | Zowert Properties Limited |
Name of director and relationship to director: | Paul Arenson, who is a discretionary beneficiary of the The Saruga Trust, which has a beneficial interest in Zowert Properties Limited and which also has a beneficial interest in Wetherby HoldingsLimited |
Transaction date: | 29 March 2021 |
Class of securities: | Ordinary shares |
Number of securities: | 1,971,009 |
Deemed price per security: | GBP 1.45 |
Deemed total value of the transaction: | GBP 2,857,963.05 |
Nature of transaction: | Off-market sale and purchase |
Nature and extent of director's interest: | Indirect beneficial |
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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