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Stenprop Limited (STP)

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Friday 15 June, 2018

Stenprop Limited

ADMISSION TO SPECIALIST FUND SEGMENT

RNS Number : 4601R
Stenprop Limited
15 June 2018
 

 

STENPROP LIMITED


(Registered in Guernsey)

(Registration number 64865)

LSE share code: STP   JSE share code: STP

ISIN:  GG00BFWMR296

("Stenprop" or the "Company")

 

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION.

 

 

ADMISSION TO SPECIALIST FUND SEGMENT

 

 

15 June 2018

 

Stenprop is pleased to announce that the Company's shares have today been admitted to trading on the Specialist Fund Segment of the London Stock Exchange ("Specialist Fund Segment") ("Admission").

 

Paul Arenson, Chief Executive, said:

 

"Today's Admission is an important step in the company's objective of delivering sustainable growth in earnings and distributions to our shareholders. We expect to achieve this by becoming the leading multi-let industrial real estate business in the UK through the development of a serviced industrial space model, driven by cutting-edge technology."

 

Dealings in the Company's shares will commence on the Specialist Fund Segment at 8.00 a.m. London time today. The Company's shares ceased to trade on the Bermuda Stock Exchange with effect from the close of market on 14 June 2018 (4.30 p.m. ADT). The Company's shares will continue to trade on the Main Board of the JSE.

 

The trading currency of the Company's shares on the Specialist Fund Segment will be Sterling and will remain as Rand on the Main Board of the JSE.

 

The Company's TIDM code on the London Stock Exchange will be 'STP' and its share code on the JSE will also remain 'STP', with the same ISIN of GG00BFWMR296.

 

As at the date of this announcement there are 291,718,476 ordinary shares in issue of which 9,026,189 are held in treasury, the total number of voting rights in Stenprop therefore being 282,692,287.

 

The prospectus prepared by the Company in connection with Admission was published on 8 June 2018 and remains available for inspection on the National Storage Mechanism at www.morningstar.co.uk/uk/NSM and on the Company's website at www.stenprop.com. Copies are also available for inspection at the registered office of the Company at Kingsway House, Havilland Street, St. Peter Port, Guernsey, GY1 2QE and at the offices of Bryan Cave Leighton Paisner LLP, Adelaide House, London Bridge, London, EC4R 9HA.

 

Enquiries:

 

Stenprop Limited

Paul Arenson
Patsy Watson
Julian Carey

+44(0)20 7079 6600

 

Numis Securities Limited (Financial Adviser)

Hugh Jonathan
Vicki Paine

+44(0)20 7260 1000

 

Tavistock (PR adviser)

James Whitmore

James Verstringhe

Kirsty Allan

+44(0)20 7920 3150

 

JSE Sponsor

Java Capital Trustees and Sponsors Proprietary Limited

+ 27 (0) 11 722 3050

 

About Stenprop

Stenprop is a Guernsey-registered UK REIT. The objective of the Company is to deliver sustainable growing income to its investors. Stenprop's investment policy is to invest in a diversified portfolio of UK multi-let industrial (MLI) properties with the strategic goal of becoming the leading MLI business in the UK. For further information, go to www.stenprop.com.

 

 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
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