Tritax Big Box REIT plc Result of Extraordinary General Meeting (3592S)
20 December 2016 - 9:26PM
UK Regulatory
TIDMBBOX
RNS Number : 3592S
Tritax Big Box REIT plc
20 December 2016
20 December 2016
TRITAX BIG BOX REIT PLC
(the "Company")
RESULT OF EXTRAORDINARY GENERAL MEETING
The Board of Directors (the "Board") of Tritax Big Box REIT plc
(ticker: BBOX) is pleased to announce that the Resolution proposed
at the Extraordinary General Meeting held earlier today was duly
passed.
Details of the proxies received from Shareholders in respect of
the Resolution are set out below:
Resolution For Percentage Against Percentage Withheld
----------- ------------ ----------- ----------- ----------- ---------
1 636,470,362 90.33% 68,119,730 9.67% 13,671
----------- ------------ ----------- ----------- ----------- ---------
Notes:
a) Percentages are expressed as a proportion of the total votes
cast (which does not include votes withheld).
b) A "vote withheld" is not a vote in law and is not counted in
the calculation of the proportion of the votes "For" and "Against"
a resolution.
c) Any proxy appointments which gave discretion to the Chairman
have been included in the "For" totals.
The Resolution was in relation to certain amendments to the
Investment Management Agreement between the Company and the
Manager, Tritax Management LLP, (the "IMA") including:
i) a reduction of the management fee applicable to Basic NAV
(excluding cash balances) at new upper bands;
ii) an extension of the term of the IMA, with an earliest
termination date of 31 December 2021; and
iii) tightening of the restrictive conflict provisions relating
to the activities of the Manager.
Details of the amendments to the IMA were set out in the
circular published by the Company on 2 December 2016 (the
"Circular").
Following the approval of the Resolution, the Company and the
Manager have entered into the amended IMA. As the Manager is deemed
to be a related party to the Company, entering into the amended IMA
is a smaller related party transaction under the Listing Rules and,
therefore, falls within the requirements of Listing Rule 11.1.10
R.
All capitalised terms in this announcement and not otherwise
defined shall have the meaning given to them in the Circular. The
Circular is available for inspection in electronic form on the
Company's website, www.tritaxbigbox.co.uk.
For further information, please contact:
Tritax Group via Newgate
Colin Godfrey (Partner, Fund
Manager)
Newgate (PR Adviser) Tel: 020 7680 6550
James Benjamin Email: tritax@newgatecomms.com
Zoe Pocock
Lydia Thompson
Jefferies International Limited Tel: 020 7029 8000
(Joint Financial Adviser and
Broker)
Gary Gould
Stuart Klein
Akur Limited (Joint Financial Tel: 020 7493 3631
Adviser)
Anthony Richardson
Tom Frost
Siobhan Sergeant
NOTES:
Tritax Big Box REIT plc is the only listed vehicle to give pure
exposure to the "Big Box" logistics asset class in the UK and is
committed to delivering attractive and sustainable returns for
shareholders. Investing in and managing both standing and pre-let
forward funded development assets, the Company focuses on
well-located, modern "Big Box" logistics assets, typically greater
than 500,000 sq. ft., let to institutional-grade tenants on
long-term leases (typically at least 12 years in length) with
upward-only rent reviews and geographic and tenant diversification
throughout the UK. The Company seeks to exploit the significant
opportunity in this sub-sector of the UK logistics market owing to
strong tenant demand and limited stock supply.
The Company is a real estate investment trust to which Part 12
of the UK Corporation Tax Act 2010 applies ("REIT"), is listed on
the premium listing segment of the Official List of the UK
Financial Conduct Authority and is a constituent of the FTSE 250,
FTSE EPRA/NAREIT and MSCI indices.
Further information on Tritax Big Box REIT is available at
www.tritaxbigbox.co.uk
This information is provided by RNS
The company news service from the London Stock Exchange
END
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