Source - LSE Regulatory
RNS Number : 4280U
Industrials REIT Limited
01 August 2022
 

 

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")

1 August 2022

 

Notification and public disclosure of transactions by directors and persons closely associated with directors in accordance with the Market Abuse Regulations.

 

Industrials REIT shareholders are referred to previous announcements in respect of the offer to receive the final dividend of 3.475 pence per share for the six months ended 31 March 2022 either as a cash dividend or a scrip dividend by way of an issue of new Industrials REIT shares (the "Scrip Dividend"). Shareholders are advised of the following information relating to dealings in securities by a director and associates of directors. Clearance to deal was granted in respect of all Scrip Dividend elections.

 

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

 

 

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

 

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

 

 

Election to receive shares pursuant to the Scrip Dividend as an off-market transaction.

c)

 

Price(s) and volume(s)







Price(s)

Volume(s)




£1.47775

9,053







d)

 

Aggregated information




- Aggregated volume

9,053



- Price

£13,378.07



e)

 

Date of the transaction

 

 

2022-07-29

f)

 

Place of the transaction

 

 

off-market transaction

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

 

Lonat Limited

2

 

Reason for the notification

 

a)

 

Position/status

 

 

Paul Arenson, Chief Executive Officer of Industrials REIT Limited, is a discretionary beneficiary of the Lonat Trust, which has a beneficial interest in Lonat Limited

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

 

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

 

 

Election to receive shares pursuant to the Scrip Dividend as an off-market transaction.

c)

 

Price(s) and volume(s)







Price(s)

Volume(s)




£1.47775

239,940







d)

 

Aggregated information




- Aggregated volume

239,940



- Price

£354,571.34



e)

 

Date of the transaction

 

 

2022-07-29

f)

 

Place of the transaction

 

 

off-market transaction

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

 

Wetherby Holdings Limited

2

 

Reason for the notification

 

a)

 

Position/status

 

 

Paul Arenson, Chief Executive Officer of Industrials REIT Limited, is a discretionary beneficiary of the Saruga Trust, which has a beneficial interest in Wetherby Holdings Limited

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

 

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

 

 

Election to receive shares pursuant to the Scrip Dividend as an off-market transaction.

c)

 

Price(s) and volume(s)







Price(s)

Volume(s)




£1.47775

38,322







d)

 

Aggregated information




- Aggregated volume

38,322



- Price

£56,630.34



e)

 

Date of the transaction

 

 

2022-07-29

f)

 

Place of the transaction

 

 

off-market transaction

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

 

Saruga Investments Limited

2

 

Reason for the notification

 

a)

 

Position/status

 

 

Paul Arenson, Chief Executive Officer of Industrials REIT Limited, is the sole director of Saruga Investments Limited

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

 

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

 

 

Election to receive shares pursuant to the Scrip Dividend as an off-market transaction.

c)

 

Price(s) and volume(s)







Price(s)

Volume(s)




£1.47775

19,171







d)

 

Aggregated information




- Aggregated volume

19,171



- Price

£28,329.95



e)

 

Date of the transaction

 

 

2022-07-29

f)

 

Place of the transaction

 

 

off-market transaction

 

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

 

The Swallow Trust

2

 

Reason for the notification

 

a)

 

Position/status

 

 

Patsy Watson, Non-Executive Director of Industrials REIT Limited, is a discretionary beneficiary of the Swallow Trust

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

 

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

 

 

Election to receive shares pursuant to the Scrip Dividend as an off-market transaction.

c)

 

Price(s) and volume(s)







Price(s)

Volume(s)




£1.47775

13,250







d)

 

Aggregated information




- Aggregated volume

13,250



- Price

£19,580.19



e)

 

Date of the transaction

 

 

2022-07-29

f)

 

Place of the transaction

 

 

off-market transaction

 

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.

 

 

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.

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.
 
END
 
 
DSHGCGDISGGDGDB
Find out how to deal online from £1.50 in a SIPP, ISA or Dealing account. AJBell logo

Related Charts