Stenprop Limited Result of election for cash or scrip dividend (3728P)
07 February 2019 - 10:00PM
UK Regulatory
TIDMSTP
RNS Number : 3728P
Stenprop Limited
07 February 2019
STENPROP LIMITED
(Registered in Guernsey)
(Registration number 64865)
LSE share code: STP JSE share code: STP
ISIN: GG00BFWMR296
("Stenprop" or the "Company")
RESULTS ANNOUNCEMENT IN RESPECT OF AN ELECTION TO RECEIVE EITHER
A CASH DIVIDEND OR A SCRIP DIVIDEND
7 February 2019
Stenprop shareholders are referred to previous announcements,
the last of which was released on 28 January 2019, in respect of
the election being offered to receive the interim dividend of 3.375
pence per share for the six months ended 30 September 2018 either
as a cash dividend or a scrip dividend by way of an issue of new
Stenprop shares (of the same class as existing shares) credited as
fully paid up.
The Company is pleased to announce that election forms for
4,365,581 shares of EUR 0.000001258 pence each in the Company have
been received, representing 1.48% of the current issued share
capital of the Company.
An application has been made for the scrip dividend shares to be
admitted to the Specialist Fund Segment of the main market of the
London Stock Exchange and to be listed on the JSE ("Admission"). It
is expected that Admission will occur on Friday, 8 February 2019.
The scrip dividend shares will rank pari passu in all respects with
the Company's existing issued shares.
Following Admission, the total number of shares issued by the
Company will be 298,775,175, of which 14,477,469 are treasury
shares. The total number of shares in issue following Admission
less shares held in treasury will be 284,297,706. The figure of
284,297,706 shares 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:
Stenprop Limited +44(0)20 3918 6600
Paul Arenson
Patsy Watson
Julian Carey
Numis Securities Limited (Financial Adviser) +44(0)20 7260
1000
Hugh Jonathan
Vicki Paine
Tavistock (PR Adviser)
+44(0)20 7920 3150
James Whitmore
James Verstringhe
Kirsty Allan
Java Capital Trustees and Sponsors Proprietary Limited +27 (0)11
722 3050
(JSE Sponsor)
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 rns@lseg.com or visit www.rns.com.
END
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