Stenprop Limited Director/PDMR Shareholding (7254B)

TIDMSTP

RNS Number : 7254B

Stenprop Limited

10 June 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 DIRECTORS, BY A DIRECTOR OF MAJOR SUBSIDIARIES OF THE COMPANY AND

BY THE COMPANY SECRETARY

10 June 2019

Shareholders are advised of the following information relating to the acceptance of nil cost options and market value options awarded on 6 June 2019 under the Stenprop Limited Long Term Incentive Plan ("Long Term Incentive Plan"). The nil cost options will vest on 31 March 2022 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 964,172 shares. The market value options will vest in three tranches on 31 March 2020, 31 March 2021 and 31 March 2022 and once fully vested will result in the issue of 320,063 shares subject to the payment of the exercise price of GBP1.1171 per share.

 
Name of director:                  Paul Arenson 
Transaction date:                  6 June 2019 
Class of securities:               Nil cost options 
Number of securities:              491,631 
Nature of transaction:             Off-market acceptance of nil cost options 
                                    in terms of the Long Term Incentive Plan 
 Nature and extent of director's    Direct beneficial 
 interest:                          Yes 
 Clearance to deal received: 
---------------------------------  ----------------------------------------- 
 
 
Name of director:                  Julian Carey 
Transaction date:                  6 June 2019 
Class of securities:               Nil cost options 
Number of securities:              472,541 
Nature of transaction:             Off-market acceptance of nil cost options 
                                    in terms of the Long Term Incentive Plan 
 Nature and extent of director's    Direct beneficial 
 interest:                          Yes 
 Clearance to deal received: 
---------------------------------  ----------------------------------------- 
 
 
Name of director:                  James Beaumont 
Transaction date:                  6 June 2019 
Class of securities:               Market value options 
Number of securities:              109,361 
Total price payable on exercise:   GBP122,167.17 
Nature of transaction:             Off-market acceptance of market value options 
                                    in terms of the Long Term Incentive Plan 
 Nature and extent of director's    Direct beneficial 
 interest:                          Yes 
 Clearance to deal received: 
---------------------------------  --------------------------------------------- 
 
 
Name of director:                  Neil Marais 
Name of major subsidiaries:        Stenprop (UK) Limited and Stenprop (Germany) 
                                    Limited 
Transaction date:                  6 June 2019 
Class of securities:               Market value options 
Number of securities:              94,627 
Total price payable on exercise:   GBP105,707.82 
Nature of transaction:             Off-market acceptance of market value options 
                                    in terms of the Long Term Incentive Plan 
 Nature and extent of director's    Direct beneficial 
 interest:                          Yes 
 Clearance to deal received: 
---------------------------------  --------------------------------------------- 
 
 
 
Name of company secretary:         Sarah Bellilchi 
Transaction date:                  6 June 2019 
Class of securities:               Market value options 
Number of securities:              116,075 
Total price payable on exercise:   GBP129,667.38 
Nature of transaction:             Off-market acceptance of market value options 
                                    in terms of the Long Term Incentive Plan 
 Nature and extent of company       Direct beneficial 
 secretary's interest:              Yes 
 Clearance to deal received: 
---------------------------------  --------------------------------------------- 
 

Shareholders are further advised of the following information relating to the acceptance of nil cost options awarded on 6 June 2019 under the Stenprop Limited Amended Deferred Share Bonus Plan ("Deferred Bonus Plan"). One third of these nil cost options vested immediately, with the second third vesting on 31 March 2020 and the last third vesting on 31 March 2021. Once fully vested, they will result in the issue of 478,296 shares.

 
Name of director:                  Paul Arenson 
Transaction date:                  6 June 2019 
Class of securities:               Nil cost options 
Number of securities:              142,137 
Nature of transaction:             Off-market acceptance of nil cost options 
                                    in terms of the Deferred Bonus Plan 
 Nature and extent of director's    Direct beneficial 
 interest:                          Yes 
 Clearance to deal received: 
---------------------------------  ----------------------------------------- 
 
 
Name of director:                  Patsy Watson 
Transaction date:                  6 June 2019 
Class of securities:               Nil cost options 
Number of securities:              136,618 
Nature of transaction:             Off-market acceptance of nil cost options 
                                    in terms of the Deferred Bonus Plan 
 Nature and extent of director's    Direct beneficial 
 interest:                          Yes 
 Clearance to deal received: 
---------------------------------  ----------------------------------------- 
 
 
Name of director:                  Julian Carey 
Transaction date:                  6 June 2019 
Class of securities:               Nil cost options 
Number of securities:              136,618 
Nature of transaction:             Off-market acceptance of nil cost options 
                                    in terms of the Deferred Bonus Plan 
 Nature and extent of director's    Direct beneficial 
 interest:                          Yes 
 Clearance to deal received: 
---------------------------------  ----------------------------------------- 
 
 
Name of director:                  James Beaumont 
Transaction date:                  6 June 2019 
Class of securities:               Nil cost options 
Number of securities:              21,112 
Nature of transaction:             Off-market acceptance of nil cost options 
                                    in terms of the Deferred Bonus Plan 
 Nature and extent of director's    Direct beneficial 
 interest:                          Yes 
 Clearance to deal received: 
---------------------------------  ----------------------------------------- 
 
 
Name of director:                  Neil Marais 
Name of major subsidiaries:        Stenprop (UK) Limited and Stenprop (Germany) 
                                    Limited 
Transaction date:                  6 June 2019 
Class of securities:               Nil cost options 
Number of securities:              17,347 
Nature of transaction:             Off-market acceptance of nil cost options 
                                    in terms of the Deferred Bonus Plan 
 Nature and extent of director's    Direct beneficial 
 interest:                          Yes 
 Clearance to deal received: 
---------------------------------  ---------------------------------------------- 
 
 
Name of company secretary:      Sarah Bellilchi 
Transaction date:               6 June 2019 
Class of securities:            Nil cost options 
Number of securities:           24,469 
Nature of transaction:          Off-market acceptance of nil cost options 
                                 in terms of the Deferred Bonus Plan 
 Nature and extent of company    Direct beneficial 
 secretary's interest:           Yes 
 Clearance to deal received: 
------------------------------  ----------------------------------------- 
 

For further information:

Stenprop Limited [phone]

Paul Arenson

Julian Carey

James Beaumont

Numis Securities Limited (Financial Adviser) [phone]

Hugh Jonathan

Vicki Paine

Tavistock (PR Adviser) [phone]

James Whitmore

James Verstringhe

Charlotte Dale

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.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

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June 10, 2019 10:45 ET (14:45 GMT)