Stenprop Limited Director/PDMR Shareholding (5058L)

TIDMSTP

RNS Number : 5058L

Stenprop Limited

06 September 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 OF THE COMPANY

6 September 2019

Shareholders are advised of the following information relating to the exercise of vested nil cost options awarded under the Stenprop Limited Amended Deferred Share Bonus Plan ("Deferred Bonus Plan"):

 
Name of director:                        Julian Carey 
Transaction date:                        3 September 2019 
Class of securities:                     Nil cost options 
Number of securities exercised:          107 090 
Deemed total value of the transaction:   GBP 112,979.95 (at a deemed value of 
                                          GBP 1.055 per nil cost option) 
Nature of transaction:                   Off-market exercise of nil cost options 
 Nature and extent of director's          in terms of the Deferred Bonus Plan 
 interest:                                Direct beneficial 
 Clearance to deal received:              Yes 
---------------------------------------  --------------------------------------- 
 

The Company intends to utilise treasury shares to settle the exercise of the nil cost options to the above participants of the Deferred Bonus Plan, following which the total number of treasury shares held by the Company will be 15,830,040 ordinary shares and the total number of shares in issue less shares held in treasury will be 282,945,135 ordinary shares.

For further information:

 
            Stenprop Limited 
             James Beaumont 
             Paul Arenson 
             Julian Carey                            [phone] 
 
              Numis Securities Limited (Financial 
              Adviser) 
              Hugh Jonathan 
              Vicki Paine                            [phone] 
 
   JSE Sponsor 
   Java Capital Trustees and Sponsors 
   Proprietary Limited                               + 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.

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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September 06, 2019 06:00 ET (10:00 GMT)