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STENPROP LIMITED - Dealings in securities by a director and by associates of directors of the company

Release Date: 14/06/2017 15:00
Code(s): STP     PDF:  
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Dealings in securities by a director and by associates of directors of the company

STENPROP LIMITED
(Incorporated in Bermuda)
(Registration number 47031)
BSX share code: STP.BH JSE share code: STP
ISIN: BMG8465Y1093
(“Stenprop” or “the company”)



DEALINGS IN SECURITIES BY A DIRECTOR AND BY ASSOCIATES OF DIRECTORS OF THE COMPANY


Shareholders are advised of the following information relating to the exercise of nil cost options granted on 11 June 2015, 
9 June 2016 and 8 June 2017 under the Stenprop Limited Amended Deferred Share Bonus Plan (“Deferred Bonus Plan”), which
vested on 31 March 2017 and 8 June 2017 and which will result in the issue of 13 737 shares at a deemed value of EUR1.237 per 
nil cost option:

Name of director:                                 Neil Marais
Transaction date:                                 8 June 2017
Class of securities:                              Ordinary shares
Number of securities exercised:                   13 737
Deemed total value:                               EUR16 992.67
Nature of transaction:                            Off-market exercise of nil cost options in terms of the Deferred Bonus Plan
Nature and extent of director’s interest:         Direct beneficial
Clearance to deal received:                       Yes

Shareholders are further advised of the following information relating to the acceptance of nil cost options on 8 June 2017
granted under the Deferred Bonus Plan, one third of which vested immediately:

Name of director:                                 Neil Marais
Transaction date:                                 8 June 2017
Class of securities:                              Nil cost options
Number of securities:                             11 024
Nature of transaction:                            Off-market acceptance of nil cost options in terms of the Deferred Bonus
                                                  Plan
Nature and extent of director’s interest:         Direct beneficial
Clearance to deal received:                       Yes

Shareholders are further advised of the following information relating to the granting on 8 June 2017 of loans for the purchase
of shares under the Stenprop Limited Amended Share Purchase Plan (“Share Purchase Plan”), as follows:

Name of director:                                 Neil Marais
Transaction date:                                 8 June 2017
Class of securities:                              Ordinary shares
Number of securities:                             80 855
Price per security:                               EUR1.237
Total value:                                      EUR100 017.64
Nature of transaction:                            Off-market acceptance of nil cost options in terms of the Deferred Bonus
                                                  Plan
Nature and extent of director’s interest:         Direct beneficial
Clearance to deal received:                       Yes

Name of associate:                                Jabali Enterprises Limited
Name of director and relationship to director:    Paul Arenson, who has a 100% beneficial interest in Jabali Enterprises
                                                  Limited
Transaction date:                                 8 June 2017
Class of securities:                              Ordinary shares
Number of securities:                             881 897
Price per security:                               EUR1.237
Total value:                                      EUR1 090 906.59
Nature of transaction:                            Off-market acceptance of shares offered in terms of the Share Purchase Plan
Nature and extent of director’s interest:         Indirect beneficial
Clearance to deal received:                       Yes

Name of associate:                                Millicent Limited
Name of director and relationship to director:    Patsy Watson, who is a beneficiary of the Swallow Trust which owns 100% of
                                                  Millicent Limited
Transaction date:                                 8 June 2017
Class of securities:                              Ordinary shares
Number of securities:                             705 517
Price per security:                               EUR1.237
Total value:                                      EUR872 724.53
Nature of transaction:                            Off-market acceptance of shares offered in terms of the Share Purchase
                                                  Plan
Nature and extent of director’s interest:         Indirect beneficial
Clearance to deal received:                       Yes

14 June 2017


JSE sponsor
Java Capital


Bermuda Stock Exchange sponsor
Ester Securities (Bermuda) Limited

Date: 14/06/2017 03:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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