Director/PDMR Shareholding
23/06/2022 11:30
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RNS Number : 9703P Industrials REIT Limited 23 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")
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 +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.
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