Stenprop lists on the London Stock Exchange

Paul Arenson, CEO of Industrial REIT Limited.
Paul Arenson, CEO of Industrials REIT Limited.

Stenprop has announced that the company’s shares have been admitted to trading on the Specialist Fund Segment of the London Stock Exchange. 

Chief Executive, Paul Arenson commented:

Today’s Admission is an important step in the company’s objective of delivering sustainable growth in earnings and distributions to our shareholders. We expect to achieve this by becoming the leading multi-let industrial real estate business in the UK through the development of a serviced industrial space model, driven by cutting-edge technology.”

Dealings in the company’s shares commenced on the Specialist Fund Segment at 8.00 a.m. London time on Friday the 15th of June 2018. The company’s shares ceased to trade on the Bermuda Stock Exchange with effect from the close of market on 14 June 2018 (4.30 p.m. ADT).

The company’s shares will continue to trade on the Main Board of the JSE.

The trading currency of the company’s shares on the Specialist Fund Segment will be Sterling and will remain as Rand on the Main Board of the JSE.

The Company’s TIDM code on the London Stock Exchange will be ‘STP’ and its share code on the JSE will also remain ‘STP’, with the same ISIN of GG00BFWMR296.

As at the date of this announcement there are 291,718,476 ordinary shares in issue of which 9,026,189 are held in treasury, the total number of voting rights in Stenprop therefore being 282,692,287.