Stenprop Limited Director/PDMR Shareholding (9002J)
August 22 2019 - 4:00AM
UK Regulatory
TIDMSTP
RNS Number : 9002J
Stenprop Limited
22 August 2019
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 Direct beneficial
interest:
--------------------------------------- ------------------------------------------------
Name of associate: Zowert Properties Limited
Name of director and relationship Paul Arenson, who is a discretionary
to director: 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 Indirect beneficial
interest:
--------------------------------------- ------------------------------------------------
Name of associate Lonat Trust
Name of director and relationship Paul Arenson, who is a discretionary
to director: 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 Indirect beneficial
interest:
--------------------------------------- ------------------------------------------------
Name of associate Saruga Trust
Name of director and relationship Paul Arenson, who is a discretionary
to director: 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 Indirect beneficial
interest:
--------------------------------------- ------------------------------------------------
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.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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