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STENPROP LIMITED announces DEALINGS IN SECURITIES BY DIRECTORS AND ASSOCIATES OF DIRECTORS OF THE COMPANY
Hamilton, Bermuda: 06 July 2015 – In a filing with the Bermuda Stock Exchange (“BSX”), Stenprop Limited (the “Company” or “Stenprop”; Ticker: STP.BH) announced dealings in securities by directors and associates of the company. The filing stated:
Shareholders are advised of the following information relating to the issuance on 30 June 2015 of shares under the Stenprop Limited Deferred Bonus Plan (“Deferred Bonus Plan”) at a price of EUR1.43. The issuance follows the granting of nil cost options on 10 June 2015 one third of which vested on 11 June 2015. The remaining options will vest in equal tranches on 31 March 2016 and 31 March 2017.
Name of director: Neil Marais
Transaction date: 30 June 2015
Class of securities: Ordinary shares
Number of securities exercised: 4 780
Total value: EUR6,835.40
Nature of transaction: Off-market exercise of shares in terms of the Deferred Bonus Scheme
Nature and extent of director’s interest: Direct beneficial
Clearance to deal received: Yes
Shareholders are further advised of the issuance of shares following the granting on 11 June 2015 of loans for the purchase of shares under the Stenprop Limited Share Purchase Plan (“Share Purchase Plan”), as follows:
Name of director: Neil Marais
Transaction date: 30 June 2015
Class of securities: Ordinary shares
Number of securities: 110 428
Price per security: EUR1.43
Total value: EUR157 912.04
Nature of transaction: Off-market acceptance of shares offered in terms of the Share Purchase Scheme
Nature and extent of director’s interest: Direct beneficial
Clearance to deal received: Yes
Name of associate: Jabali Enterprises Limited
Name of director and relationship to director: Paul Arenson, who has a 100% beneficial interest in Jabali Enterprises Limited
Transaction date: 30 June 2015
Class of securities: Ordinary shares
Number of securities: 2 666 667
Price per security: EUR1.43
Total value: EUR3 813 333.81
Nature of transaction: Off-market acceptance of shares offered in terms of the Share Purchase Scheme
Nature and extent of director’s interest: Indirect beneficial
Name of associate: Millicent Limited
Name of director and relationship to director: Patsy Watson, who is a beneficiary of the Swallow Trust which owns 100% of Millicent Limited
Transaction date: 30 June 2015
Class of securities: Ordinary shares
Number of securities: 2 183 333
Price per security: EUR1.43
Total value: EUR3 122 166.19
Nature of transaction: Off-market acceptance of shares offered in terms of the Share Purchase Scheme
Nature and extent of director’s interest: Indirect beneficial
Stenprop has a primary listing on the Bermuda Stock Exchange and a secondary listing on the Alternative Exchange of the JSE Limited.
6 July 2015
South African corporate advisor and JSE sponsor:
Java Capital
Bermuda Stock Exchange sponsor
Appleby Securities (Bermuda) Ltd.
STENPROP LIMITED
(Formerly GoGlobal Properties Limited)
(Incorporated in Bermuda)
(Registration number 47031)
BSX share code: STP.BH JSE share code: STP
ISIN: BMG8465Y1093