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STENPROP LIMITED- DEALINGS BY CONNECTED PERSONS
Hamilton, Bermuda: 09 June 2016 – In a filing with the Bermuda Stock Exchange (“BSX”), Stenprop Limited (the “Company” or “Stenprop”; Ticker: STP.BH) disclosed dealings in securities by Directors and Associates of Directors of the Company. The filing stated:
Shareholders are advised of the following information relating to the acceptance on 9 June 2016 of nil cost options granted under the Stenprop Limited Amended Deferred Share Bonus Plan (“Deferred Bonus Plan”), one third of which vested immediately:
Name of director:
|
Neil Marais |
Transaction date:
|
9 June 2016 |
Class of securities:
|
Nil cost options |
Number of securities:
|
15,847 |
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:
|
9 June 2016 |
Class of securities:
|
Nil cost options |
Number of securities:
|
92,199 |
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:
|
Paul Arenson |
Transaction date:
|
9 June 2016 |
Class of securities:
|
Nil cost options |
Number of securities:
|
115,248 |
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 |
Shareholders are further advised of the exercise of nil cost options granted on 10 June 2015 and which vested on 31 March 2016 which will result in the issuance of 4,781 shares and of the exercise of nil cost options granted on 9 June 2016 and which vested on 9 June 2016 which will result in the issuance of 5,282 shares, in each case at a deemed value of EUR1.41 per share:
Name of director:
|
Neil Marais |
Transaction date:
|
9 June 2016 |
Class of securities:
|
Ordinary shares |
Number of securities:
|
10,063 |
Deemed total value:
|
EUR14,188.83 |
Nature of transaction:
Nature and extent of director’s interest:
Clearance to deal received:
|
Off-market exercise of nil cost options in terms of the Deferred Bonus Plan Direct beneficial Yes |
Shareholders are further advised of the following information relating to the granting on 9 June 2016 of loans for the purchase of shares under the Stenprop Limited Amended Share Purchase Plan (“Share Purchase Plan”), as follows:
|
Name of director: |
Neil Marais |
|
Transaction date: |
9 June 2016 |
|
Class of securities: |
Ordinary shares |
|
Number of securities: |
89,317 |
|
Price per security: |
EUR1.41 |
|
Total value: |
EUR125,938 |
|
Nature of transaction:
Nature and extent of director’s interest: Clearance to deal received: |
Off-market acceptance of shares offered in terms of the Share Purchase Plan Direct beneficial Yes |
|
Name of associate: Name of director and relationship to director: |
Jabali Enterprises Limited Paul Arenson, who has a 100% beneficial interest in Jabali Enterprises Limited |
|
Transaction date: |
9 June 2016 |
|
Class of securities: |
Ordinary shares |
|
Number of securities: |
1,843,972 |
|
Price per security: |
EUR1.41 |
|
Total value: |
EUR2,600,000 |
|
Nature of transaction:
Nature and extent of director’s interest: Clearance to deal received: |
Off-market acceptance of shares offered in terms of the Share Purchase Plan Indirect beneficial Yes |
|
Name of associate: Name of director and relationship to director: |
Millicent Limited Patsy Watson, who is a beneficiary of the Swallow Trust which owns 100% of Millicent Limited |
|
Transaction date: |
9 June 2016 |
|
Class of securities: |
Ordinary shares |
|
Number of securities: |
1,475,177 |
|
Price per security: |
EUR1.41 |
|
Total value: |
EUR2,080,000 |
|
Nature of transaction:
Nature and extent of director’s interest: Clearance to deal received: |
Off-market acceptance of shares offered in terms of the Share Purchase Plan Indirect beneficial Yes |
10 June 2016
South African corporate advisor and JSE sponsor
JAVA CAPITAL
BSX sponsor
Estera Securities (Bermuda) Limited
www.stenprop.com
STENPROP LIMITED
(Incorporated in Bermuda)
(Registration number 47031)
BSX share code: STP.BH JSE share code: STP ISIN: BMG8465Y1093