Stenprop Limited Director/PDMR Shareholding (7365N)

TIDMSTP

RNS Number : 7365N

Stenprop Limited

02 February 2021

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 AND A PERSON DISCHARGING MANAGERIAL RESPONSIBILITY

2 February 2021

Stenprop shareholders are referred to previous announcements in respect of the offer to receive the interim dividend of 3.375 pence per share for the six months ended 30 September 2020 either as a cash dividend or a scrip dividend by way of an issue of new Stenprop shares (the "Scrip Dividend"). Shareholders are advised of the following information relating to dealings in securities by a director, by associates of directors and by an associate of a person discharging managerial responsibility. Clearance to deal was granted in respect of all Scrip Dividend elections.

 
Name of director:                        Paul Arenson 
Transaction date:                        29 January 2021 
Class of securities:                     Ordinary shares 
Number of securities to be issued 
 as a result of the transaction:         10,254 
Deemed total value of the transaction:   GBP 14,112.0675 (at a value of GBP 1.37625 
                                          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                        Jabali Enterprises Limited 
Name of director and relationship        Paul Arenson, who is a discretionary 
 to director:                             beneficiary of the Lonat Trust which 
                                          has a beneficial interest in Jabali Enterprises 
                                          Limited 
Transaction date:                        29 January 2021 
Class of securities:                     Ordinary shares 
Number of securities to be issued 
 as a result of the transaction:         138,245 
Deemed total value of the transaction:   GBP 190,259.68125 (at a value of GBP 
                                          1.37625 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:                        29 January 2021 
Class of securities:                     Ordinary shares 
Number of securities to be issued 
 as a result of the transaction:         78,283 
Deemed total value of the transaction:   GBP 107,736.97875 (at a value of GBP 
                                          1.37625 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:                        29 January 2021 
Class of securities:                     Ordinary shares 
Number of securities to be issued 
 as a result of the transaction:         51,460 
Deemed total value of the transaction:   GBP 70,821.82500 (at a value of GBP 1.37625 
                                          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:                       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:                        29 January 2021 
Class of securities:                     Ordinary shares 
Number of securities to be issued 
 as a result of the transaction:         42,801 
Deemed total value of the transaction:   GBP 58,904.87625 (at a value of GBP 1.37625 
                                          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:                       Millicent Limited 
Name of director and relationship        Patsy Watson, who is a discretionary 
 to director:                             beneficiary of the Swallow Trust which 
                                          has a beneficial interest in Millicent 
                                          Limited 
Transaction date:                        29 January 2021 
Class of securities:                     Ordinary shares 
Number of securities to be issued 
 as a result of the transaction:         104,927 
Deemed total value of the transaction:   GBP 144,405.78375 (at a value of GBP 
                                          1.37625 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:                       Sphere Investments Limited 
Name of director and relationship        Stephen Ball, director of Stenprop (Swiss) 
 to director:                             Limited and Stenprop Trafalgar Limited, 
                                          being subsidiaries of Stenprop. Stephen 
                                          Ball has a beneficial interest in Sphere 
                                          Investments Limited. 
Transaction date:                        29 January 2021 
Class of securities:                     Ordinary shares 
Number of securities to be issued 
 as a result of the transaction:         6,814 
Deemed total value of the transaction:   GBP 9,377.76750 (at a value of GBP 1.37625 
                                          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 ([e-mail])

Julian Carey ([e-mail])

James Beaumont ([e-mail])

   Numis Securities Limited (Financial Adviser)                            [phone] 

Hugh Jonathan

Vicki Paine

FTI Consulting (PR Adviser) [phone]

Dido Laurimore

Richard Sunderland

Richard Gotla

Neel Bose

[e-mail]

Java Capital (JSE Sponsor) [phone]

About Stenprop:

Stenprop 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. 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.

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February 02, 2021 10:00 ET (15:00 GMT)