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Stenprop Limited – Dealings in securities by a director and by associates of directors of the company.

Hamilton, Bermuda: June 14, 2017 – In a filing with the Bermuda Stock Exchange (“BSX”), Stenprop Limited (the “Company” or “Stenprop”; Ticker: STP.BH) disclosed dealings in securities by a director and by associates of directors of the company. The full filing stated:

 

STENPROP LIMITED

(Incorporated in Bermuda)

(Registration number 47031)

BSX share code: STP.BH    JSE share code: STP   

ISIN:  BMG8465Y1093

(“Stenprop”or “the company”)

 

DEALINGS IN SECURITIES BY A DIRECTOR AND BY ASSOCIATES OF DIRECTORS OF THE COMPANY

 

 

Shareholders are advised of the following information relating to the exercise of nil cost options granted on 11 June 2015, 9 June 2016 and 8 June 2017 under the Stenprop Limited Amended Deferred Share Bonus Plan (“Deferred Bonus Plan”), which vested on 31 March 2017 and 8 June 2017 and which will result in the issue of 13 737 shares at a deemed value of EUR1.237 per nil cost option:

 

Name of director:

   Neil Marais

 
Transaction date:

  8 June 2017

 
Class of securities:

  Ordinary shares 

Number of securities exercised:

  13 737

 
Deemed total value:

     EUR16 992.67

 
Nature of transaction:

Off-market exercise of nil cost options in terms of the  Deferred Bonus Plan 

Nature and extent of director’s interest:

Direct beneficial

 
Clearance to deal received:

   Yes

 

Shareholders are further advised of the following information relating to the acceptance of nil cost options on 8 June 2017 granted under the Deferred Bonus Plan, one third of which vested immediately:

                                                                                        

Name of director:

    Neil Marais

 
Transaction date:

  8 June 2017

 
Class of securities:

  Nil cost options 

Number of securities:

  11 024

 
Nature of transaction:

Off-market acceptance of nil cost options in terms of the  Deferred Bonus Plan 

Nature and extent of director’s interest:

Direct beneficial

 
Clearance to deal received:

   Yes

 

Shareholders are further advised of the following information relating to the granting on 8 June 2017 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:

8 June 2017

 

Class of securities:

Ordinary shares

 

Number of securities:

80 855

 

Price per security:

EUR1.237

 

Total value:

EUR100 017.64

 
Nature of transaction:

Off-market acceptance of nil cost options in terms of the  Deferred Bonus Plan 

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:

8 June 2017

Class of securities:

Ordinary shares

Number of securities:

881 897

Price per security:

EUR1.237

Total value:

EUR1 090 906.59

Nature of transaction:

Off-market acceptance of shares offered in terms of the Share Purchase Plan

Nature and extent of director’s interest:

Indirect beneficial

Clearance to deal received:

Yes

 

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:

8 June 2017

Class of securities:

Ordinary shares

Number of securities:

705 517

Price per security:

EUR1.237

Total value:

EUR872 724.53

Nature of transaction:

Off-market acceptance of shares offered in terms of the Share Purchase Plan

Nature and extent of director’s interest:

   Indirect beneficial

Clearance to deal received:

Yes

 

 14 June 2017

 

 

 

 

 

Sponsor

00108980 

 

Java Capital

 

 

Bermuda Stock Exchange sponsor

 

Estera Securities (Bermuda) Limited

 

                                                           # # #

 

 

For more information on the Bermuda Stock Exchange (BSX), contact the BSX at 1-441-292-7212 or info@bsx.com . Information is also available at bsx.com and on Bloomberg at BSX .

 

Established in 1971 the Bermuda Stock Exchange (BSX) is now the leading fully electronic offshore securities market. The BSX specializes in listing and trading of capital market instruments such as equities, debt issues, funds, hedge funds, derivative warrants and Insurance Linked Securities.

 

The BSX, recognised by the US SEC as a Designated Offshore Securities Market, is a member of the World Federation of Exchanges and is located in an O.E.C.D. member nation. The BSX has Approved Stock Exchange status under Australia’s Foreign Investment Fund (FIF) taxation rules; Designated Investment Exchange status by the UK’s Financial Services Authority; Recognised Stock Exchange by the UK HM Revenue and Customs; Designated Exchange status under Canada’s Income Tax Act and is a member of America’s Central Securities Depository Association.