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INDUSTRIALS REIT LIMITED Director's Dealing 2021
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Director's Dealing
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National Storage Mechanism | Additional information 
RNS Number : 7365N
Stenprop Limited
02 February 2021
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, ASSOCIATES OF DIRECTORS AND A PERSON DISCHARGING MANAGERIAL RESPONSIBILITY
2 February 2021
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 2020 either as a cash dividend or a scrip dividend by way of an issue of new Stenprop shares (the "Scrip Dividend"). Shareholders are advised of the following information relating to dealings in securities by a director, by associates of directors and by an associate of a person discharging managerial responsibility. Clearance to deal was granted in respect of all Scrip Dividend elections.
| Name of director: | Paul Arenson |
| Transaction date: | 29 January 2021 |
| Class of securities: | Ordinary shares |
| Number of securities to be issued as a result of the transaction: | 10,254 |
| Deemed total value of the transaction: | GBP 14,112.0675 (at a value of GBP 1.37625 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: | 29 January 2021 |
| Class of securities: | Ordinary shares |
| Number of securities to be issued as a result of the transaction: | 138,245 |
| Deemed total value of the transaction: | GBP 190,259.68125 (at a value of GBP 1.37625 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: | 29 January 2021 |
| Class of securities: | Ordinary shares |
| Number of securities to be issued as a result of the transaction: | 78,283 |
| Deemed total value of the transaction: | GBP 107,736.97875 (at a value of GBP 1.37625 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: | 29 January 2021 |
| Class of securities: | Ordinary shares |
| Number of securities to be issued as a result of the transaction: | 51,460 |
| Deemed total value of the transaction: | GBP 70,821.82500 (at a value of GBP 1.37625 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: | 29 January 2021 |
| Class of securities: | Ordinary shares |
| Number of securities to be issued as a result of the transaction: | 42,801 |
| Deemed total value of the transaction: | GBP 58,904.87625 (at a value of GBP 1.37625 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: | 29 January 2021 |
| Class of securities: | Ordinary shares |
| Number of securities to be issued as a result of the transaction: | 104,927 |
| Deemed total value of the transaction: | GBP 144,405.78375 (at a value of GBP 1.37625 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: | Sphere Investments Limited |
| Name of director and relationship to director: | Stephen Ball, director of Stenprop (Swiss) Limited and Stenprop Trafalgar Limited, being subsidiaries of Stenprop. Stephen Ball has a beneficial interest in Sphere Investments Limited. |
| Transaction date: | 29 January 2021 |
| Class of securities: | Ordinary shares |
| Number of securities to be issued as a result of the transaction: | 6,814 |
| Deemed total value of the transaction: | GBP 9,377.76750 (at a value of GBP 1.37625 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 ([email protected])
Julian Carey ([email protected])
James Beaumont ([email protected])
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
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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