Director Dealings Scrip Dividend

RNS Number : 3400W

Stenprop Limited

31 July 2018

 

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, ASSOCIATES OF DIRECTORS, A DIRECTOR OF  MAJOR SUBSIDIARIES AND AN ASSOCIATE OF A DIRECTOR OF MAJOR SUBSIDIARIES OF THE COMPANY

31 July 2018

Shareholders are advised of the following information relating to dealings in securities by a director and associates of directors of the Company; and by a director of major subsidiaries and an associate of a director of major subsidiaries of Stenprop, pursuant to the declaration of a cash dividend for the six months ended 31 March 2018 with an election to receive a scrip dividend in lieu of cash ("scrip dividend") in accordance with the circular issued to shareholders on 10 July 2018. Clearance to deal was granted in respect of all shares allocated in terms of the scrip dividend:

Name of director:	Paul Arenson
Transaction date:	30 July 2018
Class of securities:	Ordinary shares
Number of securities:	14,122
Price per security:	GPB 1.1330
Total value:	GPB 16,000.23
Nature of transaction:	Off-market receipt of shares pursuant to an election to receive the scrip dividend through SP Nominees, a nominee company which holds shares on behalf of Paul Arenson
Nature and extent of director's interest:	Direct beneficial

Name of associate:	Jabali Enterprises Limited
Name of director and relationship to director:	Paul Arenson, who is a discretionary beneficiary of the Lonat Trust which has a beneficial interest in Jabali Enterprises Limited
Transaction date:	30 July 2018
Class of securities:	Ordinary shares
Number of securities:	190,381
Price per security:	GPB 1.1330
Total value:	GPB 215,701.67
Nature of transaction:	Off-market receipt of shares pursuant to an election to receive the scrip dividend through SP Nominees, a nominee company which holds shares on behalf of Jabali Enterprises Limited
Nature and extent of director's interest:	Indirect 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:	30 July 2018
Class of securities:	Ordinary shares
Number of securities:	58,944
Price per security:	GPB 1.1330
Total value:	GPB 66,783.55
Nature of transaction:	Off-market receipt of shares pursuant to an election to receive the scrip dividend through SP Nominees, a nominee company which holds shares on behalf of Zowert Properties Limited
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:	30 July 2018
Class of securities:	Ordinary shares
Number of securities:	70,868
Price per security:	GPB 1.1330
Total value:	GPB 80,2943.44
Nature of transaction:	Off-market receipt of shares pursuant to an election to receive the scrip dividend through SP Nominees, a nominee company which holds shares on behalf of the Lonat Trust
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:	30 July 2018
Class of securities:	Ordinary shares
Number of securities:	107,807
Price per security:	GPB 1.1330
Total value:	GPB 122,145.33
Nature of transaction:	Off-market receipt of shares pursuant to an election to receive the scrip dividend through SP Nominees, a nominee company which holds shares on behalf of Saruga Trust
Nature and extent of director's interest:	Indirect beneficial

Name of associate:	Millicent Limited
Name of director and relationship to director:	Patsy Watson, who is a discretionary beneficiary of the Swallow Trust which has a beneficial interest in Millicent Limited
Transaction date:	30 July 2018
Class of securities:	Ordinary shares
Number of securities:	154,070
Price per security:	GPB 1.1330
Total value:	GPB 174,561.31
Nature of transaction:	Off-market receipt of shares pursuant to an election to receive the scrip dividend through SP Nominees, a nominee company which holds shares on behalf of Millicent Limited
Nature and extent of director's interest:	Indirect beneficial

Name of associate:	Ferryman Capital Partners Limited
Name of director and relationship to director:	Warren Lawlor, who is a beneficiary of the Warren Lawlor Family Trust, which has a beneficial interest in Ferryman Capital Partners Limited
Transaction date:	30 July 2018
Class of securities:	Ordinary shares
Number of securities:	28,369
Price per security:	GPB 1.1330
Total value:	£32,142.08
Nature of transaction:	Off-market receipt of shares pursuant to an election to receive the scrip dividend through SP Nominees, a nominee company which holds shares on behalf of Ferryman Capital Partners Limited
Nature and extent of director's interest:	Indirect beneficial

Name of associate:	Pringlelight Investments Proprietary Limited
Name of director and relationship to director:	Warren Lawlor, who is the sole director of Pringlelight Investments Proprietary Limited and a beneficiary of the Warren Lawlor Family Trust which has a beneficial interest in Pringlelight Investments Proprietary Limited
Transaction date:	27 July 2018
Class of securities:	Ordinary shares
Number of securities:	746
Price per security:	GPB 1.1330
Total value:	£845.22
Nature of transaction:	Off-market receipt of shares pursuant to an election to receive the scrip dividend
Nature and extent of director's interest:	Indirect beneficial

Name of associate:	Sphere Investments Limited
Name of director and relationship to director:	Stephen Ball, who is a director of Stenprop (UK) Limited, Stenprop (Germany) Limited, Stenprop (Swiss) Limited and Stenprop Trafalgar Limited, being subsidiaries of Stenprop. Stephen Ball has a beneficial interest in Sphere Investments Limited
Transaction date:	30 July 2018
Class of securities:	Ordinary shares
Number of securities:	8,826
Price per security:	GPB 1.1330
Total value:	GPB 9,999.86
Nature of transaction:	Off-market receipt of shares pursuant to an election to receive the scrip dividend through SP Nominees, a nominee company which holds shares on behalf of Sphere Investments Limited
Nature and extent of director's interest:	Indirect beneficial

Name of associate:	Sphere Investments Limited
Name of director and relationship to director:	Stephen Ball, who is a director of Stenprop (UK) Limited, Stenprop (Germany) Limited, Stenprop (Swiss) Limited and Stenprop Trafalgar Limited, being subsidiaries of Stenprop. Stephen Ball has a beneficial interest in Sphere Investments Limited
Transaction date:	30 July 2018
Class of securities:	Ordinary shares
Number of securities:	1,059
Price per security:	GPB 1.1330
Total value:	GPB 1,199.85
Nature of transaction:	Off-market receipt of shares pursuant to an election to receive the scrip dividend
Nature and extent of director's interest:	Indirect beneficial

Name of director:	Neil Marais, who is a director of Stenprop (UK) Limited, Stenprop (Germany) Limited, Stenprop (Swiss) Limited and Stenprop Trafalgar Limited, being subsidiaries of Stenprop.
Transaction date:	30 July 2018
Class of securities:	Ordinary shares
Number of securities:	532
Price per security:	GPB 1.1330
Total value:	GPB 602.76
Nature of transaction:	Off-market receipt of shares pursuant to an election to receive the scrip dividend
Nature and extent of director's interest:	Direct beneficial

 

Shareholders are further advised of the following on-market purchase of shares by an associate of a director of Stenprop (UK) Limited, Stenprop (Germany) Limited, Stenprop (Swiss) Limited and Stenprop Trafalgar Limited, being subsidiaries of Stenprop:

Name of associate:	Sphere Investments Limited
Name of director and relationship to director:	Stephen Ball, who is a director of Stenprop (UK) Limited, Stenprop (Germany) Limited, Stenprop (Swiss) Limited and Stenprop Trafalgar Limited, being subsidiaries of Stenprop. Stephen Ball has a beneficial interest in Sphere Investments Limited
Transaction date:	13 July 2018
Class of securities:	Ordinary shares
Number of securities:	30,000
Price per security:	GPB 1.1800
Total value:	GPB 35,400.00
Nature of transaction:	On-market purchase of shares
Nature and extent of director's interest:	Indirect beneficial
Clearance to deal:	N/A as the purchase of shares was undertaken by a portfolio manager

Enquiries:

Stenprop Limited Paul Arenson Patsy Watson Julian Carey	[phone]
Numis Securities Limited (Financial Adviser) Hugh Jonathan Vicki Paine	[phone]
Tavistock (PR adviser) James Whitmore James Verstringhe Kirsty Allan	[phone]
Instinctif Partners (SA Investor Relations and PR Adviser)	[phone]
Keagile Makgoba
Java Capital Trustees and Sponsors Proprietary Limited (JSE Sponsor)	+ 27 (0) 11 722 3050

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.

Stenprop has a listing on the Specialist Fund Segment of the main market of the LSE and a primary listing on the Main Board of the JSE.

 

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