RNS Number : 9703P
Industrials REIT Limited
23 June 2022
 

 

INDUSTRIALS REIT LIMITED

(formerly Stenprop Limited)

(Registered in Guernsey)

(Registration number 64865)

LSE share code: MLI  JSE share code: MLI

ISIN:  GG00BFWMR296

("Industrials REIT" or the "Company")

23 June 2022

 

Notification and public disclosure of transactions by directors in accordance with the Market Abuse Regulation.

 

On 21 June 2022, Ms Patsy Watson, Non-Executive Director of Industrials REIT, exercised 52,346 vested nil-cost options awarded under the Industrials REIT Deferred Share Bonus Plan and subsequently sold 22,073 ordinary shares received as a result of this exercise.

 

In addition, on 22 June 2022, Mr James Beaumont, Chief Financial Officer of Industrials REIT, exercised vested market value options awarded under the Industrials REIT Long Term Incentive Plan and subsequently sold all 121,021 ordinary shares received as a result of this exercise.

 

Clearance to deal was granted in respect of all dealings.

 

The Company utilised treasury shares to settle the exercise of the nil-cost options and market value options. Following these transactions, the total number of treasury shares held by the Company is6,347,595 and the total number of shares in issue less shares held in treasury is 292,427,580.

 

This announcement is made in accordance with Article 19 of the UK Market Abuse Regulation.

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

 

Patsy Watson

2

 

Reason for the notification

 

a)

 

Position/status

 

 

Non-Executive Director

b)

 

Initial notification /Amendment

 

 

Initial notification

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

a)

 

Name

 

 

Industrials REIT Limited

b)

 

LEI

 

 

5493004JYL71EMLTB211

4.1

 

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

 

 

a)

 

Description of the financial instrument, type of instrument

Nil-cost options over ordinary shares in the Company with a nominal value of €0.000001258



Identification code

N/A



b)

 

Nature of the transaction and extent of director's interest

 

 

Exercise of vested nil cost options - Direct beneficial.

c)

 

Price(s) and volume(s)







Price(s)

Volume(s)




Nil cost

52,346







d)

 

Aggregated information




- Aggregated volume

52,346



- Price

£nil



e)

 

Date of the transaction

 

 

2022-06-21

f)

Place of the transaction

Off-market exercise of nil-cost options

 

4.2

 

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

 

 

a)

 

Description of the financial instrument, type of instrument

Ordinary shares with a nominal value of €0.000001258



Identification code

GG00BFWMR296



b)

 

Nature of the transaction and extent of director's interest

 

 

Sale of 22,073 ordinary shares- Direct beneficial

c)

 

Price(s) and volume(s)







Price(s)

Volume(s)




£1.725

22,073







d)

 

Aggregated information




- Aggregated volume

22,073



- Price

£38,075.925



e)

 

Date of the transaction

 

 

2022-06-21

f)

Place of the transaction

London Stock Exchange, XLON

 

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

 

James Beaumont

2

 

Reason for the notification

 

a)

 

Position/status

 

 

Chief Financial Officer

b)

 

Initial notification /Amendment

 

 

Initial notification

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

a)

 

Name

 

 

Industrials REIT Limited

b)

 

LEI

 

 

5493004JYL71EMLTB211

4.1

 

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

 

 

a)

 

Description of the financial instrument, type of instrument

Market value options over ordinary shares in the Company with a nominal value of €0.000001258

 



Identification code

N/A



b)

 

Nature of the transaction and extent of director's interest

 

 

Exercise of market value options- Direct beneficial.

c)

 

Price(s) and volume(s)







Price(s)

Volume(s)




£1.10

121,021







d)

 

Aggregated information




- Aggregated volume

121,021



- Price

£133,123.10



e)

 

Date of the transaction

 

 

2022-06-22

f)

Place of the transaction

Off-market exercise of market value options

 

4.2

 

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

 

 

a)

 

Description of the financial instrument, type of instrument

Ordinary shares with a nominal value of €0.000001258



Identification code

GG00BFWMR296



b)

 

Nature of the transaction and extent of director's interest

 

 

Sale of 121,021 ordinary shares- Direct beneficial

c)

 

Price(s) and volume(s)







Price(s)

Volume(s)




£1.715

121,021







d)

 

Aggregated information




- Aggregated volume

121,021



- Price

£207,551.015



e)

 

Date of the transaction

 

 

2022-06-22

f)

Place of the transaction

London Stock Exchange, XLON

 

 

 

For further information:

Industrials REIT Limited  

Paul Arenson (paul.arenson@industrials.co.uk)

Julian Carey (julian.carey@industrials.co.uk)

James Beaumont (james.beaumont@industrials.co.uk)

 

44(0)20 3918 6600 

 

Numis Securities Limited (Financial Adviser)

Hugh Jonathan

Vicki Paine

44(0)20 7260 1000 

 

FTI Consulting (PR Adviser)

Richard Sunderland

Richard Gotla

Neel Bose

industrialsreit@fticonsulting.com

44(0)20 3727 1000 

 

Java Capital

(JSE Sponsor)

27 (0)11 722 3050 

 

About Industrials REIT:

Industrials REIT is a UK REIT with a primary listing on the London Stock Exchange and a secondary listing on the JSE. The objective of the Company is to deliver a combination of sustainable growing income and growth in value to its investors. Industrials REIT focuses on owning and operating a diversified portfolio of UK purpose built multi-let industrial (MLI) estates across the UK. The Company aspires to be the leading MLI business in the UK. For further information, go to www.industrialsreit.com.

 

 

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