Director/PDMR Shareholding

RNS Number : 1421C

Industrials REIT Limited

18 February 2022

 

INDUSTRIALS REIT LIMITED

(formerly Stenprop Limited)

(Registered in  Guernsey  )

(Registration number 64865)

LSE share code: MLI  JSE share code: MLI

ISIN:  GG00BFWMR296

("Industrials REIT" or the "Company")

18 February 2022

Notification and public disclosure of transactions by a director in accordance with the Market Abuse Regulation.

On 17 February 2022, Mr James Beaumont, Chief Financial Officer of Industrials REIT, exercised vested nil-cost options awarded under the Industrials REIT Deferred Share Bonus Plan and subsequently sold all 40,304 ordinary shares received as a result of this exercise. Clearance to deal was granted in respect of all dealings.

The Company utilised treasury shares to settle the exercise of the nil-cost options. Following these transactions, the total number of treasury shares held by the Company is 6,520,962 and the total number of shares in issue less shares held in treasury is 292,254,213.

This announcement is made in accordance with Article 19 of the UK Market Abuse Regulation.

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Mr James Beaumont
2	Reason for the notification
a)	Position/status	Chief Financial Officer
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Indust rials REIT Limited
b)	LEI	5493004JYL71EMLTB211
4. 1	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument	N il-cost options
	Identification code	N/A
b)	Nature of the transaction and extent of director's interest	Exercise of vested nil cost options - Direct b eneficial.
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			N il cost	40,304
d)	Aggregated information
	- Aggregated volume	40,304
	- Price	£n il
e)	Date of the transaction	2022-02-1 7
f)	Place of the transaction	Off-market exercise of nil-cost options
4. 2	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument	Ordinary shares with a nominal value of €0.000001258
	Identification code	GG00BFWMR296
b)	Nature of the transaction a nd extent of director's interest	Sale of 40,304 ordinary shares - Direct b eneficial
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			£ 1.96	40,304
d)	Aggregated information
	- Aggregated volume	40,304
	- Price	£7 8,995.84
e)	Date of the transaction	2022-02-1 7
f)	Place of the transaction	London Stock Exchange, XLON

For further information:

Industrials REIT Limited   Paul Arenson ([e-mail]) Julian Carey ([e-mail]) James Beaumont ([e-mail])	[phone]
Numis Securities Limited (Financial Adviser) Hugh Jonathan Vicki Paine	[phone]
FTI Consulting (PR Adviser) Richard Sunderland Richard Gotla Neel Bose [e-mail]	[phone]
Java Capital (JSE Sponsor)	[phone]

About Industrials REIT:

Industrials REIT 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. Industrials REIT invests 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.industrialsreit.com  

 

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