22 Aug 2019 10:00
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 AND BY ASSOCIATES OF A DIRECTOR OF STENPROP
22 August 2019
Stenprop shareholders are referred to previous announcements in respect of the offer to receive the final dividend of 3.375 pence per share for the six months ended 31 March 2019 either as a cash dividend or a scrip dividend in return for Stenprop shares (the "Scrip Dividend"), the results of which were announced on Thursday, 15 August 2019. Shareholders are advised of the following information relating to dealings in securities by a director and by associates of a director of the Company in terms of the Scrip Dividend. Clearance to deal was granted in respect of all shares allocated in terms of the Scrip Dividend.
Name of director: | Paul Arenson |
Transaction date: | 16 August 2019 |
Class of securities: | Ordinary shares |
Number of securities: | 12,338 |
Deemed total value of the transaction: | GBP 13,267.91 (at a value of GBP 1.07537 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: | 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: | 16 August 2019 |
Class of securities: | Ordinary shares |
Number of securities: | 51,499 |
Deemed total value of the transaction: | GBP 55,380.48 (at a value of GBP 1.07537 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: | 16 August 2019 |
Class of securities: | Ordinary shares |
Number of securities: | 61,918 |
Deemed total value of the transaction: | GBP 66,584.76 (at a value of GBP 1.07537 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: | 16 August 2019 |
Class of securities: | Ordinary shares |
Number of securities: | 94,192 |
Deemed total value of the transaction: | GBP 101,291.25 (at a value of GBP 1.07537 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
James Beaumont
Julian Carey
Numis Securities Limited (Financial Adviser) +44(0)20 7260 1000
Hugh Jonathan
Vicki Paine
Java Capital +27 (0)11 722 3050
(JSE Sponsor)
About Stenprop:
Stenprop is a Guernsey-registered UK REIT. 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.