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")
16 March 2022
Notification and public disclosure of transactions by directors in accordance with the UK Market Abuse Regulation
The Company announces that on 15 March 2022, the following directors of the Company were granted options to purchase Company shares under the Industrials Reit 2022 ShareSave plan ("2022 ShareSave Plan") at an option price of £1.5546 per share. The scheme is a UK HM Revenue & Customs approved all-employee Save As You Earn share option plan, under which employees are able to save from their monthly salary funds to exercise share options at the end of the savings period at a fixed discounted option price.
| PDMRs | No. of options |
| Paul Arenson | 11,578 |
| James Beaumont | 2,315 |
| Julian Carey | 5,785 |
Options will be exercisable from May 2025.
This announcement is made in accordance with Article 19 of the UK Market Abuse Regulation. The relevant FCA notifications are set out below.
| 1
| Details of the person discharging managerial responsibilities / person closely associated
| ||||
| a)
| Name
| Mr Paul Arenson | |||
| 2
| Reason for the notification
| ||||
| a)
| Position/status
| Chief Executive 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 | Ordinary shares with a nominal value of €0.000001258 | |||
| | | ||||
| Identification code | GG00BFWMR296 | ||||
| | | ||||
| b)
| Nature of the transaction and extent of director's interest
| Grant of share options under the Company's 2022 ShareSave Plan. | |||
| c)
| Price(s) and volume(s) | | | | |
| | | Price(s) | Volume(s) | | |
| | | £1.5546 | 11,578 | | |
| | | | | | |
| d)
| Aggregated information | | |||
| | | ||||
| - Aggregated volume | 11,578 | ||||
| | | ||||
| - Aggregated Price | £17,999.16 | ||||
| | | ||||
| e)
| Date of the transaction
| 2022-03-15 | |||
| f) | Place of the transaction | Outside a trading venue | |||
| 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 | Ordinary shares with a nominal value of €0.000001258 | |||
| | | ||||
| Identification code | GG00BFWMR296 | ||||
| | | ||||
| b)
| Nature of the transaction and extent of director's interest
| Grant of share options under the Company's 2022 ShareSave Plan. | |||
| c)
| Price(s) and volume(s) | | | | |
| | | Price(s) | Volume(s) | | |
| | | £1.5546 | 2,315 | | |
| | | | | | |
| d)
| Aggregated information | | |||
| | | ||||
| - Aggregated volume | 2,315 | ||||
| | | ||||
| - Aggregated Price | £3,598.90 | ||||
| | | ||||
| e)
| Date of the transaction
| 2022-03-15 | |||
| f) | Place of the transaction | Outside a trading venue | |||
| 1
| Details of the person discharging managerial responsibilities / person closely associated
| ||||
| a)
| Name
| Mr Julian Carey | |||
| 2
| Reason for the notification
| ||||
| a)
| Position/status
| Managing Director | |||
| 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 | Ordinary shares with a nominal value of €0.000001258 | |||
| | | ||||
| Identification code | GG00BFWMR296 | ||||
| | | ||||
| b)
| Nature of the transaction and extent of director's interest
| Grant of share options under the Company's 2022 ShareSave Plan. | |||
| c)
| Price(s) and volume(s) | | | | |
| | | Price(s) | Volume(s) | | |
| | | £1.5546 | 5,785 | | |
| | | | | | |
| d)
| Aggregated information | | |||
| | | ||||
| - Aggregated volume | 5,785 | ||||
| | | ||||
| - Aggregated Price | £8,993.36 | ||||
| | | ||||
| e)
| Date of the transaction
| 2022-03-15 | |||
| f) | Place of the transaction | Outside a trading venue | |||
For further information:
| Industrials REIT Limited Paul Arenson (paul.arenson@industrials.co.uk) Julian Carey (julian.carey@industrials.co.uk) James Beaumont (james.beaumont@industrials.co.uk)
| +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 industrialsreit@fticonsulting.com
| +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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