7 Jul 2022 11:15
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")
7 July 2022
Notification and public disclosure of transactions by directors in accordance with the UK Market Abuse Regulation
The Company announces that options granted on 15 March 2022 to the directors of the Company named below to purchase shares under the Industrials REIT February 2022 ShareSave plan at an option price of £1.5546 per share were cancelled. Instead, the relevant directors were granted new options to purchase shares of the Company under the Industrials REIT June 2022 ShareSave plan on 6 July 2022 at an option price of £1.4547 per share.
The Industrials REIT ShareSave plan is a UK HM Revenue & Customs approved all-employee Save As You Earn share option plan, under which employees are able to save from their monthly salary funds to exercise share options at the end of the savings period at a fixed discounted option price.
PDMRs | No. of cancelled options | No. of new options |
Paul Arenson | 11,578 | 12,373 |
James Beaumont | 2,315 | 2,474 |
Julian Carey | 5,785 | 4,949 |
The new options will be exercisable from 1 September 2025.
This announcement is made in accordance with Article 19 of the UK Market Abuse Regulation. The relevant FCA notifications are set out below.
1
| Details of the person discharging managerial responsibilities / person closely associated
| ||||
a)
| Name
| Mr Paul Arenson | |||
2
| Reason for the notification
| ||||
a)
| Position/status
| Chief Executive 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 | Ordinary shares with a nominal value of €0.000001258 | |||
Identification code | GG00BFWMR296 | ||||
b)
| Nature of the transaction and extent of director's interest
| Cancellation of share options under the Company's February 2022 ShareSave Plan. | |||
c)
| Price(s) and volume(s) | ||||
Price(s) | Volume(s) | ||||
£1.5546 | 11,578 | ||||
d)
| Aggregated information | ||||
- Aggregated volume | 11,578 | ||||
- Aggregated Price | £17,999.16 | ||||
e)
| Date of the transaction
| 2022-07-06 | |||
f) | Place of the transaction | Outside a trading venue | |||
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
| Grant of share options under the Company's June 2022 ShareSave Plan. | |||
c)
| Price(s) and volume(s) | ||||
Price(s) | Volume(s) | ||||
1.4547 | 12,373 | ||||
d)
| Aggregated information | ||||
- Aggregated volume | 12,373 | ||||
- Aggregated Price | £17,999.00 | ||||
e)
| Date of the transaction
| 2022-07-06 | |||
f) | Place of the transaction | Outside a trading venue | |||
1
| Details of the person discharging managerial responsibilities / person closely associated
| ||||
a)
| Name
| Mr 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 | Ordinary shares with a nominal value of €0.000001258 | |||
Identification code | GG00BFWMR296 | ||||
b)
| Nature of the transaction and extent of director's interest
| Cancellation of share options under the Company's February 2022 ShareSave Plan. | |||
c)
| Price(s) and volume(s) | ||||
Price(s) | Volume(s) | ||||
£1.5546 | 2,315 | ||||
d)
| Aggregated information | ||||
- Aggregated volume | 2,315 | ||||
- Aggregated Price | £3,598.90 | ||||
e)
| Date of the transaction
| 2022-07-06 | |||
f) | Place of the transaction | Outside a trading venue | |||
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
| Grant of share options under the Company's June 2022 ShareSave Plan. | |||
c)
| Price(s) and volume(s) | ||||
Price(s) | Volume(s) | ||||
£1.4547 | 2,474 | ||||
d)
| Aggregated information | ||||
- Aggregated volume | 2,474 | ||||
- Aggregated Price | £3,598.93 | ||||
e)
| Date of the transaction
| 2022-07-06 | |||
f) | Place of the transaction | Outside a trading venue | |||
1
| Details of the person discharging managerial responsibilities / person closely associated
| ||||
a)
| Name
| Mr Julian Carey | |||
2
| Reason for the notification
| ||||
a)
| Position/status
| Managing 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 | Ordinary shares with a nominal value of €0.000001258 | |||
Identification code | GG00BFWMR296 | ||||
b)
| Nature of the transaction and extent of director's interest
| Grant of share options under the Company's February 2022 ShareSave Plan. | |||
c)
| Price(s) and volume(s) | ||||
Price(s) | Volume(s) | ||||
£1.5546 | 5,785 | ||||
d)
| Aggregated information | ||||
- Aggregated volume | 5,785 | ||||
- Aggregated Price | £8,993.36 | ||||
e)
| Date of the transaction
| 2022-07-06 | |||
f) | Place of the transaction | Outside a trading venue | |||
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
| Grant of share options under the Company's June 2022 ShareSave Plan. | |||
c)
| Price(s) and volume(s) | ||||
Price(s) | Volume(s) | ||||
£1.4547 | 4,949 | ||||
d)
| Aggregated information | ||||
- Aggregated volume | 4,949 | ||||
- Aggregated Price | £7,199.31 | ||||
e)
| Date of the transaction
| 2022-07-06 | |||
f) | Place of the transaction | Outside a trading venue | |||
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.