AGH 3.85 0.00 Vol 0 AGL 16 0.00 Vol 0 BAS 2 0.00 Vol 0 BFM 17.1 0.00 Vol 0 BG23B 98.0002 0.00 Vol 0 BPH 6.5 0.00 Vol 0 DEVON 5.5 0.00 Vol 0 LOM 2.5 0.00 Vol 0 NTB 47.5 0.00 Vol 10400 ONE 2.95 0.00 Vol 0 POLAR 5 0.00 Vol 0 SOM 16.95 0.00 Vol 0 WHHL 4.1 0.00 Vol 0 WWW 25 0.00 Vol 0
Market Closed:

STENPROP LIMITED - DEALINGS IN SECURITIES BY DIRECTORS AND BY THE COMPANY SECRETARY

Hamilton, Bermuda — 11 June 2018 – In a filing with the Bermuda Stock Exchange (“BSX”), Stenprop Limited (the “Company” or “Stenprop”; Ticker: STP.BH) issued an announcement about dealings in securities by directors and by the company secretary. The full filing stated:

Shareholders are advised of the following information relating to the acceptance of nil cost options and market value options awarded on 7 June 2018 under the Stenprop Limited Long Term Incentive Plan (“Long Term Incentive Plan”). The nil cost options will vest on 7 June 2021 subject to certain vesting conditions having been met, including performance targets set by the remuneration committee prior to the awards being made. Assuming that the performance targets are met in full at the end of the performance period, the nil cost options will result in the issue of 1,423,460 shares. The market value options will vest in three tranches on 31 March 2019, 31 March 2020 and 31 March 2021 and once fully vested will result in the issue of 99 685 shares subject to the payment of the exercise price of £1.10 per share:
Name of director:    Paul Arenson
Transaction date:    7 June 2018
Class of securities:    Nil cost options
Number of securities:    487 096
Nature of transaction:

Nature and extent of director’s interest:
Clearance to deal received:     Off-market acceptance of nil cost options in terms of the Long Term Incentive Plan
Direct beneficial
Yes

Name of director:    Patsy Watson
Transaction date:    7 June 2018
Class of securities:    Nil cost options
Number of securities:    468 182
Nature of transaction:

Nature and extent of director’s interest:
Clearance to deal received:     Off-market acceptance of nil cost options in terms of the Long Term Incentive Plan
Direct beneficial
Yes

Name of director:    Julian Carey
Transaction date:    7 June 2018
Class of securities:    Nil cost options
Number of securities:    468 182
Nature of transaction:

Nature and extent of director’s interest:
Clearance to deal received:     Off-market acceptance of nil cost options in terms of the Long Term Incentive Plan
Direct beneficial
Yes

Name of company secretary:    Sarah Bellilchi
Transaction date:    7 June 2018
Class of securities:    Market value options
Number of securities:    99 685
Nature of transaction:

Nature and extent of company secretary’s interest:
Clearance to deal received:     Off-market acceptance of market value options in terms of the Long Term Incentive Plan
Direct beneficial

Yes

Shareholders are further advised of the following information relating to the acceptance of nil cost options awarded on 7 June 2018 under the Stenprop Limited Amended Deferred Share Bonus Plan (“Deferred Bonus Plan”). One third of these nil cost options vested immediately, with the second third vesting on 31 March 2019 and the last third vesting on 31 March 2020. Once fully vested, they will result in the issue of 324 321 shares:

Name of director:    Paul Arenson
Transaction date:    7 June 2018
Class of securities:    Nil cost options
Number of securities:    113 800
Nature of transaction:

Nature and extent of director’s interest:
Clearance to deal received:     Off-market acceptance of nil cost options in terms of the Deferred Bonus Plan
Direct beneficial
Yes

Name of director:    Patsy Watson
Transaction date:    7 June 2018
Class of securities:    Nil cost options
Number of securities:    109 381
Nature of transaction:

Nature and extent of director’s interest:
Clearance to deal received:     Off-market acceptance of nil cost options in terms of the Deferred Bonus Plan
Direct beneficial
Yes

Name of director:    Julian Carey
Transaction date:    7 June 2018
Class of securities:    Nil cost options
Number of securities:    82 036
Nature of transaction:

Nature and extent of director’s interest:
Clearance to deal received:     Off-market acceptance of nil cost options in terms of the Deferred Bonus Plan
Direct beneficial
Yes

Name of company secretary:    Sarah Bellilchi
Transaction date:    7 June 2018
Class of securities:    Nil cost options
Number of securities:    19 104
Nature of transaction:

Nature and extent of company secretary’s interest:
Clearance to deal received:     Off-market acceptance of nil cost options in terms of the Deferred Bonus Plan
Direct beneficial        Yes
 
 
Stenprop has a primary listing on the Main Board of the JSE and a secondary listing on the BSX.
 
11 June 2018
 
 

JSE sponsor
Java Capital

Bermuda Stock Exchange sponsor
Estera Securities (Bermuda) Limited

TRADING HOURS

08:30-09:00 Price Discovery
09:00-16:30 Continuous Trading

CONTACT DETAILS

TEL: +1 (441) 292 7212
FAX: +1 (441) 292 7619
Email: info@bsx.com

LOCATION

30 Victoria Street
3rd Floor
Hamilton, Bermuda

MAILING ADDRESS

P.O. Box HM 1369
Hamilton HMFX

Disclaimer

 

The information contained in these pages has been obtained from sources which The Bermuda Stock Exchange believes are reliable. However, the accuracy of the information cannot and is not guaranteed and The Bermuda Stock Exchange makes no representation as to its accuracy or completeness. Neither this Web site, nor any information contained herein, constitutes advice or a solicitation to subscribe, purchase or sell any securities. The Bermuda Stock Exchange expressly disclaims any liability whatsoever for any loss howsoever arising from or in reliance upon any part of the contents of this site or any external sites referenced from this website.