18th Feb 2022 10:30
INDUSTRIALS REIT LIMITED
(formerly Stenprop Limited)
(Registered in Guernsey )
(Registration number 64865)
LSE share code: MLI JSE share code: MLI
ISIN: GG00BFWMR296
("Industrials REIT" or the "Company")
18 February 2022
Notification and public disclosure of transactions by a director in accordance with the Market Abuse Regulation.
On 17 February 2022, Mr James Beaumont, Chief Financial Officer of Industrials REIT, exercised vested nil-cost options awarded under the Industrials REIT Deferred Share Bonus Plan and subsequently sold all 40,304 ordinary shares received as a result of this exercise. Clearance to deal was granted in respect of all dealings.
The Company utilised treasury shares to settle the exercise of the nil-cost options. Following these transactions, the total number of treasury shares held by the Company is 6,520,962 and the total number of shares in issue less shares held in treasury is 292,254,213.
This announcement is made in accordance with Article 19 of the UK Market Abuse Regulation.
1
| Details of the person discharging managerial responsibilities / person closely associated
| ||||
a)
| Name
| Mr James Beaumont | |||
2
| Reason for the notification
| ||||
a)
| Position/status
| Chief Financial Officer | |||
b)
| Initial notification /Amendment
| Initial notification | |||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| ||||
a)
| Name
| Industrials REIT Limited | |||
b)
| LEI
| 5493004JYL71EMLTB211 | |||
4.1
| Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
| ||||
a)
| Description of the financial instrument, type of instrument | Nil-cost options | |||
Identification code | N/A | ||||
b)
| Nature of the transaction and extent of director's interest
| Exercise of vested nil cost options - Direct beneficial. | |||
c)
| Price(s) and volume(s) | ||||
Price(s) | Volume(s) | ||||
Nil cost | 40,304 | ||||
d)
| Aggregated information | ||||
- Aggregated volume | 40,304 | ||||
- Price | £nil | ||||
e)
| Date of the transaction
| 2022-02-17 | |||
f) | Place of the transaction | Off-market exercise of nil-cost options
| |||
4.2
| Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
| ||||
a)
| Description of the financial instrument, type of instrument | Ordinary shares with a nominal value of €0.000001258 | |||
Identification code | GG00BFWMR296 | ||||
b)
| Nature of the transaction and extent of director's interest
| Sale of 40,304 ordinary shares- Direct beneficial | |||
c)
| Price(s) and volume(s) | ||||
Price(s) | Volume(s) | ||||
£1.96 | 40,304 | ||||
d)
| Aggregated information | ||||
- Aggregated volume | 40,304 | ||||
- Price | £78,995.84 | ||||
e)
| Date of the transaction
| 2022-02-17 | |||
f) | Place of the transaction | London Stock Exchange, XLON
| |||
For further information:
Industrials REIT Limited Paul Arenson ([email protected]) Julian Carey ([email protected]) James Beaumont ([email protected])
| +44(0)20 3918 6600
|
Numis Securities Limited (Financial Adviser) Hugh Jonathan Vicki Paine
| +44(0)20 7260 1000
|
FTI Consulting (PR Adviser) Richard Sunderland Richard Gotla Neel Bose
| +44(0)20 3727 1000
|
Java Capital (JSE Sponsor)
| +27 (0)11 722 3050
|
About Industrials REIT:
Industrials REIT 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. Industrials REIT invests 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.industrialsreit.com
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MLI.L