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STENPROP LIMITED - CHANGE TO THE BOARD OF DIRECTORS
Hamilton, Bermuda: 19 January 2018 –In a filing with the Bermuda Stock Exchange (“BSX”), Stenprop Limited (the “Company” or “Stenprop”; Ticker: STP.BH) reported a change to the board of directors. The full filing stated:
Shareholders are advised that Mandy Yachad has resigned from the board of directors of Stenprop (the “board”) with effect from 28 February 2018. The board thanks Mandy for his invaluable contribution since his appointment as a director of Stenprop in October 2014.
Stenprop has previously announced its intention to migrate its jurisdiction of incorporation from Bermuda to Guernsey, to convert to a UK real estate investment trust ("REIT"), and to list on the Specialist Fund Segment of the London Stock Exchange. This will require a number of changes to the composition and operation of the board, which will take effect upon conversion to a REIT so as to ensure that the Company complies with the REIT conditions. Further changes to the composition of the board will be announced via SENS as and when they occur.
Stenprop has a primary listing on the Main Board of the Johannesburg Stock Exchange (“JSE”) and a secondary listing on the Bermuda Stock Exchange.
19 January 2018
JSE sponsor
JAVA CAPITAL
Bermuda Stock Exchange sponsor
Estera Securities (Bermuda) Limited