Stenprop Limited Director/PDMR Shareholding (7365N)
February 02 2021 - 9:00AM
UK Regulatory
TIDMSTP
RNS Number : 7365N
Stenprop Limited
02 February 2021
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, ASSOCIATES OF DIRECTORS
AND A PERSON DISCHARGING MANAGERIAL RESPONSIBILITY
2 February 2021
Stenprop 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 2020 either as a
cash dividend or a scrip dividend by way of an issue of new
Stenprop shares (the "Scrip Dividend"). Shareholders are advised of
the following information relating to dealings in securities by a
director, by associates of directors and by an associate of a
person discharging managerial responsibility. Clearance to deal was
granted in respect of all Scrip Dividend elections.
Name of director: Paul Arenson
Transaction date: 29 January 2021
Class of securities: Ordinary shares
Number of securities to be issued
as a result of the transaction: 10,254
Deemed total value of the transaction: GBP 14,112.0675 (at a value of GBP 1.37625
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 Jabali Enterprises Limited
Name of director and relationship Paul Arenson, who is a discretionary
to director: beneficiary of the Lonat Trust which
has a beneficial interest in Jabali Enterprises
Limited
Transaction date: 29 January 2021
Class of securities: Ordinary shares
Number of securities to be issued
as a result of the transaction: 138,245
Deemed total value of the transaction: GBP 190,259.68125 (at a value of GBP
1.37625 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: 29 January 2021
Class of securities: Ordinary shares
Number of securities to be issued
as a result of the transaction: 78,283
Deemed total value of the transaction: GBP 107,736.97875 (at a value of GBP
1.37625 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: 29 January 2021
Class of securities: Ordinary shares
Number of securities to be issued
as a result of the transaction: 51,460
Deemed total value of the transaction: GBP 70,821.82500 (at a value of GBP 1.37625
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: 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: 29 January 2021
Class of securities: Ordinary shares
Number of securities to be issued
as a result of the transaction: 42,801
Deemed total value of the transaction: GBP 58,904.87625 (at a value of GBP 1.37625
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: Millicent Limited
Name of director and relationship Patsy Watson, who is a discretionary
to director: beneficiary of the Swallow Trust which
has a beneficial interest in Millicent
Limited
Transaction date: 29 January 2021
Class of securities: Ordinary shares
Number of securities to be issued
as a result of the transaction: 104,927
Deemed total value of the transaction: GBP 144,405.78375 (at a value of GBP
1.37625 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: Sphere Investments Limited
Name of director and relationship Stephen Ball, director of Stenprop (Swiss)
to director: Limited and Stenprop Trafalgar Limited,
being subsidiaries of Stenprop. Stephen
Ball has a beneficial interest in Sphere
Investments Limited.
Transaction date: 29 January 2021
Class of securities: Ordinary shares
Number of securities to be issued
as a result of the transaction: 6,814
Deemed total value of the transaction: GBP 9,377.76750 (at a value of GBP 1.37625
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 (paul.arenson@stenprop.com)
Julian Carey (julian.carey@stenprop.com)
James Beaumont (james.beaumont@stenprop.com)
Numis Securities Limited (Financial Adviser) +44(0)20 7260 1000
Hugh Jonathan
Vicki Paine
FTI Consulting (PR Adviser) +44(0)20 3727 1000
Dido Laurimore
Richard Sunderland
Richard Gotla
Neel Bose
Stenprop@fticonsulting.com
Java Capital (JSE Sponsor) +27 (0)11 722 3050
About Stenprop:
Stenprop 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. 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.
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