Director/PDMR Shareholding
13/06/2022 15:30
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RNS Number : 6919O Industrials REIT Limited 13 June 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")
13 June 2022
Notification and public disclosure of transactions by Directors, in accordance
with the Market Abuse Regulations.
Shareholders are advised of the following information relating to the
acceptance of nil cost options awarded on 10 June 2022 under the Industrials
REIT Limited Long-Term Incentive Plan (the "LTIP"). The nil cost options
awarded under the LTIP will vest on 10 June 2025 subject to certain vesting
conditions having been met, including performance targets set by the
Remuneration Committee prior to the awards being made. Assuming that the
performance targets are met in full at the end of the performance period, the
nil cost options will result in the issue of 820,971 shares.
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 of Industrials REIT 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 Off-market acceptance of nil cost options in terms of the LTIP
c) Price(s) and volume(s)
Price(s) Volume(s)
£1.8029 364,601
d) Aggregated information
- Aggregated volume 364,601
- Price £657,339.14
e) Date of the transaction 2022-06-10
f) Place of the transaction off-market transaction
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Julian Carey
2 Reason for the notification
a) Position/status Managing Director of Industrials REIT 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 Off-market acceptance of nil cost options in terms of the LTIP
c) Price(s) and volume(s)
Price(s) Volume(s)
£1.8029 350,313
d) Aggregated information
- Aggregated volume 350,313
- Price £631,579.31
e) Date of the transaction 2022-06-10
f) Place of the transaction off-market transaction
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 of Industrials REIT 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 Off-market acceptance of nil cost options in terms of the LTIP
c) Price(s) and volume(s)
Price(s) Volume(s)
£1.8029 106,057
d) Aggregated information
- Aggregated volume 106,057
- Price £191,210.17
e) Date of the transaction 2022-06-10
f) Place of the transaction off-market transaction
Shareholders are further advised of the following information relating to the
acceptance of nil cost options awarded on 10 June 2022 under the Industrials
REIT Limited Deferred Share Bonus Plan (the "DSBP"). One third of these nil
cost options vested immediately, with the second third vesting on 31 March
2023 and the last third vesting on 31 March 2024. Once fully vested, they will
result in the issue of 185,897 shares.
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 of Industrials REIT 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 Off-market acceptance of nil cost options in terms of the DSBP
c) Price(s) and volume(s)
Price(s) Volume(s)
£1.8029 82,583
d) Aggregated information
- Aggregated volume 82,583
- Price £148,888.89
e) Date of the transaction 2022-06-10
f) Place of the transaction off-market transaction
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Julian Carey
2 Reason for the notification
a) Position/status Managing Director of Industrials REIT 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 Off-market acceptance of nil cost options in terms of the DSBP
c) Price(s) and volume(s)
Price(s) Volume(s)
£1.8029 79,346
d) Aggregated information
- Aggregated volume 79,346
- Price £143,052.90
e) Date of the transaction 2022-06-10
f) Place of the transaction off-market transaction
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 of Industrials REIT 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 Off-market acceptance of nil cost options in terms of the DSBP
c) Price(s) and volume(s)
Price(s) Volume(s)
£1.8029 23,968
d) Aggregated information
- Aggregated volume 23,968
- Price £43,211.91
e) Date of the transaction 2022-06-10
f) Place of the transaction off-market transaction
This announcement is made in accordance with Article 19 of the UK Market Abuse
Regulation.
For further information:
Industrials REIT Limited +44(0)20 3918 6600
Paul Arenson (paul.arenson@industrials.co.uk)
Julian Carey (julian.carey@industrials.co.uk)
James Beaumont (james.beaumont@industrials.co.uk)
Numis Securities Limited (Financial Adviser) +44(0)20 7260 1000
Hugh Jonathan
Vicki Paine
FTI Consulting (PR Adviser) +44(0)20 3727 1000
Richard Sunderland
Richard Gotla
Neel Bose
industrialsreit@fticonsulting.com (mailto:industrialsreit@fticonsulting.com)
Java Capital +27 (0)11 722 3050
(JSE Sponsor)
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
(https://gbr01.safelinks.protection.outlook.com/?url=http%3A%2F%2Fwww.industrialsreit.com%2F&data=05%7C01%7Cpaul.arenson%40industrials.co.uk%7C09332dea598e4763bed408da4926f823%7C6fb781f2ad03404abb480cfecbc14518%7C0%7C0%7C637902728959059306%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C3000%7C%7C%7C&sdata=q9FKY5hYFZ0CA3i4GSLfo2VUmiIOM4xdSQluAbCSFxc%3D&reserved=0)
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