1 Feb 2022 13:30
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")
1 February 2022
Notification and public disclosure of transactions by persons closely associated with persons discharging managerial responsibilities in accordance with the Market Abuse Regulations.
Industrials REIT 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 2021 either as a cash dividend or a scrip dividend by way of an issue of new Industrials REIT shares (the "Scrip Dividend"). Shareholders are advised of the following information relating to dealings in securities by associates of directors. Clearance to deal was granted in respect of all Scrip Dividend elections.
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
| Lonat Limited | |||
2
| Reason for the notification
| ||||
a)
| Position/status
| Paul Arenson, Chief Executive Officer of Industrials REIT Limited, is a discretionary beneficiary of the Lonat Trust, which has a beneficial interest in Lonat Limited | |||
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
| 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
| Election to receive shares pursuant to the Scrip Dividend as an off-market transaction. | |||
c)
| Price(s) and volume(s) | ||||
Price(s) | Volume(s) | ||||
£1.95925 | 177,871 | ||||
d)
| Aggregated information | ||||
- Aggregated volume | 177,871 | ||||
- Price | £348,493.76 | ||||
e)
| Date of the transaction
| 2022-01-28 | |||
f)
| Place of the transaction
| off-market transaction | |||
1
| Details of the person discharging managerial responsibilities / person closely associated
| ||||
a)
| Name
| Wetherby Holdings Limited | |||
2
| Reason for the notification
| ||||
a)
| Position/status
| Paul Arenson, Chief Executive Officer of Industrials REIT Limited, is a discretionary beneficiary of the Saruga Trust, which has a beneficial interest in Wetherby Holdings Limited | |||
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
| 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
| Election to receive shares pursuant to the Scrip Dividend as an off-market transaction. | |||
c)
| Price(s) and volume(s) | ||||
Price(s) | Volume(s) | ||||
£1.95925 | 28,408 | ||||
d)
| Aggregated information | ||||
- Aggregated volume | 28,408 | ||||
- Price | £55,658.37 | ||||
e)
| Date of the transaction
| 2022-01-28 | |||
f)
| Place of the transaction
| off-market transaction | |||
1
| Details of the person discharging managerial responsibilities / person closely associated
| ||||
a)
| Name
| The Swallow Trust | |||
2
| Reason for the notification
| ||||
a)
| Position/status
| Patsy Watson, Non-Executive Director of Industrials REIT Limited, is a discretionary beneficiary of the Swallow Trust | |||
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
| 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
| Election to receive shares pursuant to the Scrip Dividend as an off-market transaction. | |||
c)
| Price(s) and volume(s) | ||||
Price(s) | Volume(s) | ||||
£1.95925 | 9,822 | ||||
d)
| Aggregated information | ||||
- Aggregated volume | 9,822 | ||||
- Price | £19,243.75 | ||||
e)
| Date of the transaction
| 2022-01-28 | |||
f)
| Place of the transaction
| off-market transaction | |||
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 listed on the LSE and the JSE. The objective of the Company is to deliver sustainable growing income to its investors. Industrials REIT invests 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.industrialsreit.com