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")
23 June 2022
Notification and public disclosure of transactions by directors in accordance with the Market Abuse Regulation.
On 21 June 2022, Ms Patsy Watson, Non-Executive Director of Industrials REIT, exercised 52,346 vested nil-cost options awarded under the Industrials REIT Deferred Share Bonus Plan and subsequently sold 22,073 ordinary shares received as a result of this exercise.
In addition, on 22 June 2022, Mr James Beaumont, Chief Financial Officer of Industrials REIT, exercised vested market value options awarded under the Industrials REIT Long Term Incentive Plan and subsequently sold all 121,021 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 and market value options. Following these transactions, the total number of treasury shares held by the Company is6,347,595 and the total number of shares in issue less shares held in treasury is 292,427,580.
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
| Patsy Watson | |||
| 2
| Reason for the notification
| ||||
| a)
| Position/status
| Non-Executive 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 | Nil-cost options over ordinary shares in the Company with a nominal value of €0.000001258 | |||
| | | ||||
| 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 | 52,346 | | |
| | | | | | |
| d)
| Aggregated information | | |||
| | | ||||
| - Aggregated volume | 52,346 | ||||
| | | ||||
| - Price | £nil | ||||
| | | ||||
| e)
| Date of the transaction
| 2022-06-21 | |||
| 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 22,073 ordinary shares- Direct beneficial | |||
| c)
| Price(s) and volume(s) | | | | |
| | | Price(s) | Volume(s) | | |
| | | £1.725 | 22,073 | | |
| | | | | | |
| d)
| Aggregated information | | |||
| | | ||||
| - Aggregated volume | 22,073 | ||||
| | | ||||
| - Price | £38,075.925 | ||||
| | | ||||
| e)
| Date of the transaction
| 2022-06-21 | |||
| f) | Place of the transaction | London Stock Exchange, XLON
| |||
| 1
| Details of the person discharging managerial responsibilities / person closely associated
| ||||
| a)
| Name
| 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 | Market value options over ordinary shares in the Company with a nominal value of €0.000001258
| |||
| | | ||||
| Identification code | N/A | ||||
| | | ||||
| b)
| Nature of the transaction and extent of director's interest
| Exercise of market value options- Direct beneficial. | |||
| c)
| Price(s) and volume(s) | | | | |
| | | Price(s) | Volume(s) | | |
| | | £1.10 | 121,021 | | |
| | | | | | |
| d)
| Aggregated information | | |||
| | | ||||
| - Aggregated volume | 121,021 | ||||
| | | ||||
| - Price | £133,123.10 | ||||
| | | ||||
| e)
| Date of the transaction
| 2022-06-22 | |||
| f) | Place of the transaction | Off-market exercise of market value 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 121,021 ordinary shares- Direct beneficial | |||
| c)
| Price(s) and volume(s) | | | | |
| | | Price(s) | Volume(s) | | |
| | | £1.715 | 121,021 | | |
| | | | | | |
| d)
| Aggregated information | | |||
| | | ||||
| - Aggregated volume | 121,021 | ||||
| | | ||||
| - Price | £207,551.015 | ||||
| | | ||||
| e)
| Date of the transaction
| 2022-06-22 | |||
| f) | Place of the transaction | London Stock Exchange, XLON
| |||
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 with a primary listing on the London Stock Exchange and a secondary listing on the JSE. The objective of the Company is to deliver a combination of sustainable growing income and growth in value to its investors. Industrials REIT focuses on owning and operating a diversified portfolio of UK purpose built multi-let industrial (MLI) estates across the UK. The Company aspires to be the leading MLI business in the UK. For further information, go to www.industrialsreit.com.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
