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INDUSTRIALS REIT LIMITED - Notification and public disclosure of transactions by directors in accordance with the Market Abuse Regulation.

2022/06/23 12:30:00

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                    Notification and public disclosure of transactions by directors in accordance with the Market Abuse Regulation.

INDUSTRIALS REIT LIMITED
(formerly Stenprop Limited)
(Registered in Guernsey)
(Registration number 64865)
LSE share code: MLI JSE share code: MLI
ISIN: GG00BFWMR296
('Industrials REIT' or the 'Company')

23 June 2022

Notification and public disclosure of transactions by directors in accordance with the Market Abuse Regulation.

On 21 June 2022, Ms Patsy Watson, Non-Executive Director of Industrials REIT, exercised 52,346 vested nil-cost
options awarded under the Industrials REIT Deferred Share Bonus Plan and subsequently sold 22,073 ordinary
shares received as a result of this exercise.

In addition, on 22 June 2022, Mr James Beaumont, Chief Financial Officer of Industrials REIT, exercised vested
market value options awarded under the Industrials REIT Long Term Incentive Plan and subsequently sold all
121,021 ordinary shares received as a result of this exercise.

Clearance to deal was granted in respect of all dealings.

The Company utilised treasury shares to settle the exercise of the nil-cost options and market value options.
Following these transactions, the total number of treasury shares held by the Company is 6,347,595 and the
total number of shares in issue less shares held in treasury is 292,427,580.

This announcement is made in accordance with Article 19 of the UK Market Abuse Regulation.

1    Details of the person discharging managerial responsibilities / person closely associated

a)   Name                                Patsy Watson

2    Reason for the notification

a)   Position/status                     Non-Executive Director

b)   Initial notification /Amendment     Initial notification

3    Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction
     monitor

a)   Name                                Industrials REIT Limited

b)   LEI                                 5493004JYL71EMLTB211


4.1 Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of
    transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)   Description of the financial Nil-cost options over ordinary shares in the Company with a nominal
     instrument, type of instrument value of 0.000001258

     Identification code                 N/A

b)   Nature of the transaction and Exercise of vested nil cost options – Direct beneficial.
     extent of director's interest

c)   Price(s) and volume(s)
                                         Price(s)                  Volume(s)
                                         Nil cost                  52,346

d)   Aggregated information

     - Aggregated volume                 52,346

     - Price                             £nil

e)   Date of the transaction             2022-06-21

f)   Place of the transaction            Off-market exercise of nil-cost options

4.2  Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of
     transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)   Description of the financial Ordinary shares with a nominal value of 0.000001258
     instrument, type of instrument

     Identification code                 GG00BFWMR296

b)   Nature of the transaction and Sale of 22,073 ordinary shares– Direct beneficial
     extent of director's interest

c)   Price(s) and volume(s)
                                         Price(s)                  Volume(s)
                                         £1.725                    22,073

d)   Aggregated information

     - Aggregated volume                 22,073

     - Price                             £38,075.925

e)   Date of the transaction             2022-06-21

f)   Place of the transaction            London Stock Exchange, XLON

1    Details of the person discharging managerial responsibilities / person closely associated

a)   Name                                James Beaumont
2    Reason for the notification

a)   Position/status                     Chief Financial Officer
 
b)   Initial notification /Amendment     Initial notification

3    Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction
     monitor

a)   Name                                Industrials REIT Limited

b)   LEI                                 5493004JYL71EMLTB211

4.1 Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of
    transaction; (iii) each date; and (iv) each place where transactions have been conducted
 
a)  Description of the financial Market value options over ordinary shares in the Company with a
    instrument, type of instrument nominal value of 0.000001258

     Identification code                 N/A

b)   Nature of the transaction and Exercise of market value options– Direct beneficial.
     extent of director’s interest

c)   Price(s) and volume(s)
                                         Price(s)                 Volume(s)
                                         £1.10                    121,021

d)   Aggregated information

     - Aggregated volume                 121,021

     - Price                             £133,123.10

e)   Date of the transaction             2022-06-22

f)   Place of the transaction            Off-market exercise of market value options

4.2  Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of
     transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)   Description of the financial Ordinary shares with a nominal value of 0.000001258
     instrument, type of instrument

     Identification code                 GG00BFWMR296

b)    Nature of the transaction and Sale of 121,021 ordinary shares– Direct beneficial
      extent of director's interest

c)    Price(s) and volume(s)
                                         Price(s)                  Volume(s)
                                         £1.715                    121,021

d)    Aggregated information

      - Aggregated volume                121,021

      - Price                            £207,551.015

e)    Date of the transaction            2022-06-22

f)    Place of the transaction           London Stock Exchange, XLON



For further information:

Industrials REIT Limited                                                                     +44(0)20 3918 6600
Paul Arenson (paul.arenson@industrials.co.uk)
Julian Carey (julian.carey@industrials.co.uk)
James Beaumont
(james.beaumont@industrials.co.uk)

Numis Securities Limited (Financial Adviser)                                                 +44(0)20 7260 1000
Hugh Jonathan
Vicki Paine
  
FTI Consulting (PR Adviser)                                                                  +44(0)20 3727 1000
Richard Sunderland
Richard Gotla
Neel Bose
industrialsreit@fticonsulting.com
  
Java Capital                                                                                 +27 (0)11 722 3050
(JSE Sponsor)
  
About Industrials REIT:
Industrials REIT is a UK REIT with a primary listing on the London Stock Exchange and a secondary listing on the
JSE. The objective of the Company is to deliver a combination of sustainable growing income and growth in value
to its investors. Industrials REIT focuses on owning and operating a diversified portfolio of UK purpose built multi-
let industrial (MLI) estates across the UK. The Company aspires to be the leading MLI business in the UK. For
further information, go to www.industrialsreit.com.

Date: 23-06-2022 12:30:00
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