Director/PDMR Shareholding

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 interest:	Direct beneficial

Name of associate:	Zowert Properties Limited
Name of director and relationship to director:	Paul Arenson, who is a discretionary 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 interest:	Indirect beneficial

Name of associate	Lonat Trust
Name of director and relationship to director:	Paul Arenson, who is a discretionary 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 interest:	Indirect beneficial

Name of associate	Saruga Trust
Name of director and relationship to director:	Paul Arenson, who is a discretionary 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 interest:	Indirect beneficial

For further information:

Stenprop Limited                                                                                                           [phone]

Paul Arenson

James Beaumont

Julian Carey

Numis Securities Limited (Financial Adviser)                                                            [phone]

Hugh Jonathan

Vicki Paine

Java Capital                                                                                                                       [phone]

(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.

 

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