TIDMSTP

RNS Number : 9436T

Stenprop Limited

30 March 2021

STENPROP LIMITED

(Registered in Guernsey)

(Registration number 64865)

   LSE share code: STP    JSE share code: STP 

ISIN: GG00BFWMR296

("Stenprop" or the "Company")

CHANGE IN THE NATURE OF ASSOCIATES' HOLDINGS OF STENPROP SHARES

30 March 2021

Shareholders are advised of the following information relating to the transfer of Stenprop shares between associates of Patsy Watson, and separately relating to the transfer of Stenprop shares between associates of Paul Arenson. Following the conclusion of both sets of dealings, there is no change in each of Patsy Watson and Paul Arenson's indirect beneficial interests in Stenprop shares.

 
Name of associate purchaser:             The Swallow Trust 
Name of associate seller:                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 March 2021 
Class of securities:                     Ordinary shares 
Number of securities:                    681,500 
Deemed price per security:               GBP 1.45 
Deemed total value of the transaction:   GBP 988,175.00 
Nature of transaction:                   Off-market sale and purchase 
Nature and extent of director's          Indirect beneficial 
 interest: 
---------------------------------------  ---------------------------------------- 
 
 
Name of associate purchaser:             Lonat Limited 
Name of associate seller:                The Lonat Trust 
Name of director and relationship        Paul Arenson, who is a discretionary 
 to director:                             beneficiary of the The Lonat Trust, which 
                                          has a beneficial interest in Lonat Limited 
Transaction date:                        29 March 2021 
Class of securities:                     Ordinary shares 
Number of securities:                    2,369,758 
Deemed price per security:               GBP 1.45 
Deemed total value of the transaction:   GBP 3,436,149.10 
Nature of transaction:                   Off-market sale and purchase 
Nature and extent of director's          Indirect beneficial 
 interest: 
---------------------------------------  ------------------------------------------- 
 
 
Name of associate purchaser:             Lonat Limited 
Name of associate seller:                The SarugaTrust 
Name of director and relationship        Paul Arenson, who is a discretionary 
 to director:                             beneficiary of the Saruga Trust and of 
                                          the The Lonat Trust, which has a beneficial 
                                          interest in Lonat Limited 
Transaction date:                        29 March 2021 
Class of securities:                     Ordinary shares 
Number of securities:                    3,604,919 
Deemed price per security:               GBP 1.45 
Deemed total value of the transaction:   GBP 5,227,132.55 
Nature of transaction:                   Off-market sale and purchase 
Nature and extent of director's          Indirect beneficial 
 interest: 
---------------------------------------  -------------------------------------------- 
 
 
Name of associate purchaser:             Lonat Limited 
Name of associate seller:                Jabali Enterprises Limited 
Name of director and relationship        Paul Arenson, who is a discretionary 
 to director:                             beneficiary of the The Lonat Trust, which 
                                          has a beneficial interest in Lonat Limited 
                                          and Jabali Enterprises Limited 
Transaction date:                        29 March 2021 
Class of securities:                     Ordinary shares 
Number of securities:                    6,366,102 
Deemed price per security:               GBP 1.45 
Deemed total value of the transaction:   GBP 9,230,847.90 
Nature of transaction:                   Off-market sale and purchase 
Nature and extent of director's          Indirect beneficial 
 interest: 
---------------------------------------  ------------------------------------------- 
 
 
Name of associate purchaser:             Wetherby Holdings Limited 
Name of associate seller:                Zowert Properties Limited 
Name of director and relationship        Paul Arenson, who is a discretionary 
 to director:                             beneficiary of the The Saruga Trust, 
                                          which has a beneficial interest in Zowert 
                                          Properties Limited and which also has 
                                          a beneficial interest in Wetherby HoldingsLimited 
Transaction date:                        29 March 2021 
Class of securities:                     Ordinary shares 
Number of securities:                    1,971,009 
Deemed price per security:               GBP 1.45 
Deemed total value of the transaction:   GBP 2,857,963.05 
Nature of transaction:                   Off-market sale and purchase 
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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March 30, 2021 04:00 ET (08:00 GMT)