3 Apr 2020 14:00
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 OF THE COMPANY
3 April 2020
Shareholders are advised of the following information relating to the exercise of nil cost options under the Stenprop Amended Deferred Share Bonus Plan (the "Deferred Bonus Plan"), which vested on 31 March 2020:
Name of director: | James Beaumont |
Transaction date: | 31 March 2020 |
Class of securities: | Nil cost options |
Number of securities exercised: | 7,569 |
Deemed total value of the transaction: | GBP 7,114.86 (at a deemed value of GBP 0.94 per nil cost option) |
Nature of transaction:
Nature and extent of director's interest: Clearance to deal received: | Off-market exercise of nil cost options in terms of the Deferred Bonus Plan Direct beneficial Yes |
The Company intends to utilise treasury shares to settle the exercise of the nil cost options by James Beaumont and by other participants who also exercised nil cost options under the Deferred Bonus Plan on 31 March 2020. Following these transactions, the total number of treasury shares held by the Company will be 15,806,751 ordinary shares and the total number of shares in issue less shares held in treasury will be 282,968,424 ordinary shares.
For further information:
Stenprop Limited Paul ArensonJulian Carey James Beaumont | +44(0)20 3918 6600 |
Numis Securities Limited (Financial Adviser) Hugh JonathanVicki Paine | +44(0)20 7260 1000 |
JSE Sponsor Java Capital Trustees and Sponsors Proprietary Limited | + 27 (0) 11 722 3050 |
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.