Stenprop Limited Director/PDMR Shareholding (9632B)
June 15 2021 - 6:00AM
UK Regulatory
TIDMSTP
RNS Number : 9632B
Stenprop Limited
15 June 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 DIRECTORS , THE COMPANY SECRETARY AND
A PERSON DISCHARGING MANAGERIAL RESPONSIBILITY
15 June 2021
Shareholders are advised of the following information relating
to the acceptance of nil cost options and market value options
awarded on 11 June 2021 under the Stenprop Limited Long-Term
Incentive Plan (the "LTIP"). The nil cost options will vest on 11
June 2024 subject to certain vesting conditions having been met,
including performance targets set by the remuneration committee
prior to the awards being made. Assuming that the performance
targets are met in full at the end of the performance period, the
nil cost options will result in the issue of 834,390 shares. The
market value options will vest in three tranches on 31 March 2022,
31 March 2023 and 31 March 2024 and once fully vested will result
in the issue of 88,313 shares subject to the payment of the
exercise price of GBP1.5615 per share.
Name of director: Paul Arenson
Transaction date: 11 June 2021
Class of securities: Nil cost options
Number of securities: 366,058
Nature of transaction Off-market acceptance of nil cost options
in terms of the LTIP
Nature and extent of director's Direct beneficial
interest:
Clearance to deal received: Yes
-------------------------------- -----------------------------------------
Name of director: Julian Carey
Transaction date: 11 June 2021
Class of securities: Nil cost options
Number of securities: 351,713
Nature of transaction: Off-market acceptance of nil cost options
in terms of the LTIP
Nature and extent of director's Direct beneficial
interest:
Clearance to deal received: Yes
-------------------------------- -----------------------------------------
Name of director: James Beaumont
Transaction date: 11 June 2021
Class of securities: Nil cost options
Number of securities: 116,619
Nature of transaction: Off-market acceptance of nil cost options
in terms of the LTIP
Nature and extent of director's Direct beneficial
interest:
Clearance to deal received: Yes
-------------------------------- -----------------------------------------
Name of company secretary: Sarah Bellilchi
Transaction date: 11 June 2021
Class of securities: Market value options
Number of securities: 88,313
Total price payable on exercise: GBP137,900.75
Nature of transaction: Off-market acceptance of market value options
in terms of the LTIP
Nature and extent of company Direct beneficial
secretary's interest:
Clearance to deal received: Yes
--------------------------------- ---------------------------------------------
Shareholders are further advised of the following information
relating to the acceptance of nil cost options awarded on 11 June
2021 under the Stenprop Limited Deferred Bonus Plan (the "DBP").
One third of these nil cost options vested immediately, with the
second third vesting on 31 March 2022 and the last third vesting on
31 March 2023. Once fully vested, they will result in the issue of
357,884 shares.
Name of director: Paul Arenson
Transaction date: 11 June 2021
Class of securities: Nil cost options
Number of securities: 162,248
Nature of transaction: Off-market acceptance of nil cost options
in terms of the DBP
Nature and extent of director's Direct beneficial
interest:
Clearance to deal received: Yes
-------------------------------- -----------------------------------------
Name of director: Julian Carey
Transaction date: 11 June 2021
Class of securities: Nil cost options
Number of securities: 155,908
Nature of transaction: Off-market acceptance of nil cost options
in terms of the DBP
Nature and extent of director's Direct beneficial
interest:
Clearance to deal received: Yes
-------------------------------- -----------------------------------------
Name of director: James Beaumont
Transaction date: 11 June 2021
Class of securities: Nil cost options
Number of securities: 25,850
Nature of transaction: Off-market acceptance of nil cost options
in terms of the DBP
Nature and extent of director's Direct beneficial
interest:
Clearance to deal received: Yes
-------------------------------- -----------------------------------------
Name of company secretary: Sarah Bellilchi
Transaction date: 11 June 2021
Class of securities: Nil cost options
Number of securities: 13,878
Nature of transaction: Off-market acceptance of nil cost options
in terms of the DBP
Nature and extent of director's Direct beneficial
interest:
Clearance to deal received: Yes
-------------------------------- -----------------------------------------
Finally, shareholders are advised of the following information
relating to the exercise of vested market value options and the
subsequent disposal of ordinary shares of the Company.
Name: Neil Marais
Position: Director of Stenprop (Swiss) Limited and
Stenprop Trafalgar Limited, being subsidiaries
of Stenprop
Transaction date: 11 June 2021
Class of securities: Market value option
Number of securities exercised: 112,743
Price per security GBP 0.9348
Total value of the transaction: GBP 105,397.60
Nature of transaction: Off-market exercise of market value options
Nature and extent of director's Direct beneficial
interest:
Clearance to deal received: Yes
-------------------------------- -----------------------------------------------
Name: Neil Marais
Position: Director of Stenprop (Swiss) Limited and
Stenprop Trafalgar Limited, being subsidiaries
of Stenprop
Transaction date: 11 June 2021
Class of securities: Ordinary shares
Number of securities sold: 112,743
Price per security GBP 1.595
Total value of the transaction: GBP 179,825.09
Nature of transaction: On-market sale
Nature and extent of director's Direct beneficial
interest:
Clearance to deal received: Yes
-------------------------------- -----------------------------------------------
The Company utilised treasury shares to settle the exercise of
the market value options to the above participant. Following this
transaction, the total number of treasury shares held by the
Company is 12,745,207 and the total number of shares in issue less
shares held in treasury is 286,020,968.
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
Justin Bell
FTI Consulting +44(0)20 3 727 1000
Richard Sunderland stenprop@fticonsulting.com
Richard Gotla
Indraneel Bose
Java Capital Trustees and Sponsors Proprietary Limited +27 (0)11 722 3050
(JSE Sponsor)
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 stenprop.com.
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