Result Of Election For Cash Or Scrip Dividend
11/08/2022 10:00
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RNS Number : 7099V Industrials REIT Limited 11 August 2022
INDUSTRIALS REIT LIMITED
(Formerly Stenprop Limited)
(Registered in Guernsey with registration number 64865)
LSE share code: MLI JSE share code: MLI
ISIN: GG00BFWMR296
("Industrials REIT" or the "Company")
11 August 2022
RESULTS ANNOUNCEMENT IN RESPECT OF AN ELECTION TO RECEIVE EITHER A CASH
DIVIDEND OR A SCRIP DIVIDEND
Industrials REIT shareholders are referred to previous announcements, the most
recent of which was released on Tuesday, 12 July 2022, 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 (of the same class as existing shares)
credited as fully paid up.
The Company is pleased to announce that election forms for 2,134,779 shares of
EUR 0.000001258 each in the Company (the "Scrip Dividend Shares") have been
received, representing 0.71% of the current issued share capital of the
Company. The Company intends to utilise treasury shares to settle the scrip
dividend.
An application has been made for the Scrip Dividend Shares to be issued and
allocated to shareholders (the "Allocation"). It is expected that the
Allocation will occur on Friday, 12 August 2022. The Scrip Dividend Shares
will rank pari passu in all respects with the Company's existing issued
shares.
Following the Allocation, the total number of shares issued by the Company
will be 298,775,175, of which 4,362,816 will be treasury shares. The total
number of shares in issue following the Allocation, less shares held in
treasury, will be 294,412,359, which may be used by shareholders in the
Company as the denominator for the calculations by which they will determine
if they are required to notify their interest in, or a change in their
interest in, the share capital of the Company under the UK Financial Conduct
Authority's Disclosure Guidance and Transparency Rules.
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.
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