TIDMSTP

RNS Number : 0170T

Stenprop Limited

22 March 2021

STENPROP LIMITED

(Registered in Guernsey)

(Registration number 64865)

   LSE share code: STP    JSE share code: STP 

ISIN: GG00BFWMR296

("Stenprop" or the "Company")

DEALINGS BY A DIRECTOR OF THE COMPANY AND BY A PERSON DISCHARGING MANAGERIAL RESPONSIBILITY

22 March 2021

Shareholders are advised of the following information relating to the exercise of vested nil cost options and market value options and the subsequent disposals of ordinary shares of the Company received as a result of these transactions.

Clearance to deal was granted in respect of all dealings.

 
Name of director:                        Patsy Watson 
Transaction date:                        19 March 2021 
Class of securities:                     Nil cost options 
Number of securities:                    850,102 
Deemed price per security:               GBP 1.44 
Deemed total value of the transaction:   GBP 1,224,146.88 
Nature of transaction:                   Off-market exercise of nil cost options 
Nature and extent of director's          Direct beneficial 
 interest: 
---------------------------------------  --------------------------------------- 
 
 
Name of director:                 Patsy Watson 
Transaction date:                 19 March 2021 
Class of securities:              Ordinary shares 
Number of securities sold:        425,000 
Price per security:               GBP 1.44 
Total value of the transaction:   GBP 612,000.00 
Nature of transaction:            On-market sale 
Nature and extent of director's   Direct beneficial 
 interest: 
--------------------------------  ----------------- 
 
 
Name:                             Neil Marais 
Position:                         Director of Stenprop (Swiss) Limited 
                                   and Stenprop Trafalgar Limited, being 
                                   subsidiaries of Stenprop 
Transaction date:                 19 March 2021 
Class of securities:              Market value options 
Number of securities:             105,239 
Price per security:               GBP 1.1171 
Total value of the transaction:   GBP 117,562.49 
Nature of transaction:            Off-market exercise of market value options 
Nature and extent of director's   Direct beneficial 
 interest: 
--------------------------------  ------------------------------------------- 
 
 
Name:                             Neil Marais 
Position:                         Director of Stenprop (Swiss) Limited 
                                   and Stenprop Trafalgar Limited, being 
                                   subsidiaries of Stenprop 
Transaction date:                 19 March 2021 
Class of securities:              Ordinary shares 
Number of securities sold:        105,239 
Price per security:               GBP 1.44 
Total value of the transaction:   GBP 151,544.16 
Nature of transaction:            On-market sale 
Nature and extent of director's   Direct beneficial 
 interest: 
--------------------------------  -------------------------------------- 
 

The Company utilised treasury shares to settle the exercise of the nil cost options and market value options to the above participants. Following these transactions, the total number of treasury shares held by the Company is 12,866,950 and the total number of shares in issue less shares held in treasury is 285,908,225.

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.

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.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

DSHDKBBNCBKKBNB

(END) Dow Jones Newswires

March 22, 2021 06:00 ET (10:00 GMT)