Director/PDMR Shareholding
07/07/2022 11:15
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RNS Number : 6876R Industrials REIT Limited 07 July 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")
7 July 2022
Notification and public disclosure of transactions by directors in accordance
with the UK Market Abuse Regulation
The Company announces that options granted on 15 March 2022 to the directors
of the Company named below to purchase shares under the Industrials REIT
February 2022 ShareSave plan at an option price of £1.5546 per share were
cancelled. Instead, the relevant directors were granted new options to
purchase shares of the Company under the Industrials REIT June 2022 ShareSave
plan on 6 July 2022 at an option price of £1.4547 per share.
The Industrials REIT ShareSave plan 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 cancelled options No. of new options
Paul Arenson 11,578 12,373
James Beaumont 2,315 2,474
Julian Carey 5,785 4,949
The new options will be exercisable from 1 September 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 Cancellation of share options under the Company's February 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 2022-07-06
f) Place of the transaction Outside a trading venue
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 Grant of share options under the Company's June 2022 ShareSave Plan.
c) Price(s) and volume(s)
Price(s) Volume(s)
1.4547 12,373
d) Aggregated information
- Aggregated volume 12,373
- Aggregated Price £17,999.00
e) Date of the transaction 2022-07-06
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 Cancellation of share options under the Company's February 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 2022-07-06
f) Place of the transaction Outside a trading venue
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 Grant of share options under the Company's June 2022 ShareSave Plan.
c) Price(s) and volume(s)
Price(s) Volume(s)
£1.4547 2,474
d) Aggregated information
- Aggregated volume 2,474
- Aggregated Price £3,598.93
e) Date of the transaction 2022-07-06
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 February 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 2022-07-06
f) Place of the transaction Outside a trading venue
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 Grant of share options under the Company's June 2022 ShareSave Plan.
c) Price(s) and volume(s)
Price(s) Volume(s)
£1.4547 4,949
d) Aggregated information
- Aggregated volume 4,949
- Aggregated Price £7,199.31
e) Date of the transaction 2022-07-06
f) Place of the transaction Outside a trading venue
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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