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

Release Date: 03/04/2020 15:00
Code(s): STP     PDF:  
Wrap Text
Dealings in securities by a director of the company

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


3 April 2020

Shareholders are advised of the following information relating to the exercise of nil cost options under the Stenprop Amended
Deferred Share Bonus Plan (the “Deferred Bonus Plan”), which vested on 31 March 2020:

Name of director:                                           James Beaumont
Transaction date:                                           31 March 2020
Class of securities:                                        Nil cost options
Number of securities exercised:                             7,569
Deemed total value of the transaction:                      GBP 7,114.86 (at a deemed value of GBP 0.94 per nil cost option)
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

The Company intends to utilise treasury shares to settle the exercise of the nil cost options by James Beaumont and by other
participants who also exercised nil cost options under the Deferred Bonus Plan on 31 March 2020. Following these
transactions, the total number of treasury shares held by the Company will be 15,806,751 ordinary shares and the total
number of shares in issue less shares held in treasury will be 282,968,424 ordinary shares.

For further information:

 Stenprop Limited
 Paul Arenson                                                       +44(0)20 3918 6600
 Julian Carey
 James Beaumont

 Numis Securities Limited (Financial Adviser)
                                                                    +44(0)20 7260 1000
 Hugh Jonathan
 Vicki Paine

 JSE Sponsor                                                        +27(0)11 722 3050
 Java Capital Trustees and Sponsors Proprietary Limited

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.

Date: 03-04-2020 03:00:00
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