Stenprop Limited Director/PDMR Shareholding (9002J)

TIDMSTP

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

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.

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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August 22, 2019 05:00 ET (09:00 GMT)