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Notification and public disclosure of transactions by directors and persons closely associated with directors
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")
1 August 2022
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
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 (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 Ordinary shares with a nominal value of €0.000001258
instrument, type of instrument
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)
£1.47775 9,053
d) Aggregated information
- Aggregated volume 9,053
- Price £13,378.07
e) Date of the transaction 2022-07-29
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 Ordinary shares with a nominal value of €0.000001258
instrument, type of instrument
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)
£1.47775 239,940
d) Aggregated information
- Aggregated volume 239,940
- Price £354,571.34
e) Date of the transaction 2022-07-29
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 Ordinary shares with a nominal value of €0.000001258
instrument, type of instrument
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)
£1.47775 38,322
d) Aggregated information
- Aggregated volume 38,322
- Price £56,630.34
e) Date of the transaction 2022-07-29
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 Ordinary shares with a nominal value of €0.000001258
instrument, type of instrument
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)
£1.47775 19,171
d) Aggregated information
- Aggregated volume 19,171
- Price £28,329.95
e) Date of the transaction 2022-07-29
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 Ordinary shares with a nominal value of €0.000001258
instrument, type of instrument
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)
£1.47775 13,250
d) Aggregated information
- Aggregated volume 13,250
- Price £19,580.19
e) Date of the transaction 2022-07-29
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
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.
Date: 01-08-2022 12:00:00
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