TIDMSTP

RNS Number : 7640I

Stenprop Limited

03 April 2020

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 
 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 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 
             Julian Carey 
             James Beaumont                          +44(0)20 3918 6600 
 
              Numis Securities Limited (Financial 
              Adviser) 
              Hugh Jonathan 
              Vicki Paine                            +44(0)20 7260 1000 
 
   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 rns@lseg.com or visit www.rns.com.

END

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