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STENPROP LIMITED - Dealings in securities by a director of major subsidiaries and by associates of directors of Stenprop

Release Date: 16/08/2019 11:00
Code(s): STP     PDF:  
 
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Dealings in securities by a director of major subsidiaries and by associates of directors of Stenprop

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 MAJOR SUBSIDIARIES AND BY ASSOCIATES OF DIRECTORS OF STENPROP


16 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 of major subsidiaries of the Company
and by associates of directors 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 of major subsidiaries:                 Neil Marais
Name of major subsidiaries:                             Stenprop (UK) Limited and Stenprop (Germany) Limited
Transaction date:                                       16 August 2019
Class of securities:                                    Ordinary shares
Number of securities:                                   8,096
Deemed total value of the transaction:                  GBP 8,706.20 (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 interest:               Direct beneficial

Name of associate:                                      Millicent Limited
Name of director and relationship to director:          Patsy Watson, who is a discretionary beneficiary of the Swallow
                                                        Trust which has a beneficial interest in Millicent Limited
Transaction date:                                       16 August 2019
Class of securities:                                    Ordinary shares
Number of securities:                                   131,251
Deemed total value of the transaction:                  GBP 141,143.39 (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 interest:               Indirect beneficial

Name of associate                                       Jabali Enterprises Limited
Name of director and relationship to director:          Paul Arenson, who is a discretionary beneficiary of the Lonat Trust
                                                        which has a beneficial interest in Jabali Enterprises Limited
Transaction date:                                       16 August 2019
Class of securities:                                    Ordinary shares
Number of securities:                                   166,338
Deemed total value of the transaction:                  GBP 178,874.90 (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 interest:               Indirect beneficial

The Company utilised treasury shares to settle the Scrip Dividend. From today's date, the total number of treasury shares
held by the Company is 15,937,130 ordinary shares and the total number of shares in issue less shares held in treasury is
282,838,045 ordinary shares.

For further information:

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

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

Java Capital                                                                   +27 (0)11 722 3050
(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.

Date: 16/08/2019 11:00:00
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