Director/PDMR Shareholding
30/01/2023 11:00
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RNS Number : 1525O Industrials REIT Limited 30 January 2023
INDUSTRIALS REIT LIMITED
(Registered in Guernsey)
(Registration number 64865)
LSE share code: MLI JSE share code: MLI
ISIN: GG00BFWMR296
("Industrials REIT" or the "Company")
30 January 2023
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 an interim dividend of 3.500 pence per share
for the six months ended 30 September 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)
£1.258 10,912
d) Aggregated information
- Aggregated volume 10,912
- Price £13,727.30
e) Date of the transaction 2023-01-27
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)
£1.258 222,449
d) Aggregated information
- Aggregated volume 222,449
- Price £279,840.84
e) Date of the transaction 2023-01-27
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)
£1.258 46,193
d) Aggregated information
- Aggregated volume 46,193
- Price £58,110.79
e) Date of the transaction 2023-01-27
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)
£1.258 23,109
d) Aggregated information
- Aggregated volume 23,109
- Price £29,071.12
e) Date of the transaction 2023-01-27
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)
£1.258 15,971
d) Aggregated information
- Aggregated volume 15,971
- Price £20,091.52
e) Date of the transaction 2023-01-27
f) Place of the transaction off-market transaction
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 Johannesburg Stock Exchange. 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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