Tritax Big Box REIT plc Management Shares (1895D)
08 October 2018 - 5:00PM
UK Regulatory
TIDMBBOX
RNS Number : 1895D
Tritax Big Box REIT plc
05 October 2018
5 October 2018
TRITAX BIG BOX REIT PLC
(the "Company")
Issue of Ordinary Shares under the Investment Management
Agreement,
PDMR Shareholdings and Total Voting Rights
The Board of the Company announces that, in accordance with the
terms of the management fee arrangements with Tritax Management LLP
(the "Manager") pursuant to which 25 per cent. of the management
fee is payable in new ordinary shares of GBP0.01 each in the
capital of the Company ("Ordinary Shares"), it has today issued, in
aggregate, 676,451 Ordinary Shares (the "Management Shares") to the
senior executives of the investment team of the Manager as listed
in the table below (the "Investment Team") and to certain members
of staff of the Manager, subject only to Admission (defined
below).
The issue price per Management Share is 143.815 pence (being the
most recently published IFRS basic net asset value of 145.49 pence
per Ordinary Share as at 30 June 2018, less the interim dividend of
1.675 pence per Ordinary Share paid to shareholders on 9 August
2018 in respect of the period from 1 April 2018 to 30 June
2018).
Application has been made for the Management Shares to be
admitted to the premium segment of the Official List and to trading
on the main market of the London Stock Exchange. It is expected
that dealings in the Management Shares will commence at 8.00 a.m.
on 9 October 2018 ("Admission").
The Management Shares allotted and issued are subject to a
minimum lock-in period of 12 months from Admission.
Director and PDMR Shareholdings
In accordance with article 19.3 of the Market Abuse Regulations
on Admission the beneficial interests of the directors of the
Company and senior executives of the Investment Team with
day-to-day management responsibility in connection with services
provided to the Company (and/or persons closely associated thereof)
who have been issued Management Shares are listed in the table
below.
PDMR Position Number of Number of % of issued
Management Ordinary share capital
Shares issued Shares held
Non-executive
director of
the Company
and a member
of Investment
Mark Shaw Team 155,228 1,112,788 0.075%
---------------- --------------- ------------- ---------------
Investment
Colin Godfrey Team 155,228 1,032,518 0.070%
---------------- --------------- ------------- ---------------
Investment
James Dunlop Team 155,228 981,557 0.067%
---------------- --------------- ------------- ---------------
Investment
Henry Franklin Team 111,943 729,985 0.050%
---------------- --------------- ------------- ---------------
Investment
Bjorn Hobart Team 25,114 108,885 0.007%
---------------- --------------- ------------- ---------------
Investment
Petrina Austin Team 25,114 88,925 0.006%
---------------- --------------- ------------- ---------------
Tritax Management
LLP Manager - 83,161 0.006%
---------------- --------------- ------------- ---------------
Staff of Tritax
Management Staff of the
LLP* Manager 48,596 200,137 0.014%
---------------- --------------- ------------- ---------------
Total* - 676,451 4,337,956 0.294%
---------------- --------------- ------------- ---------------
* In respect of the staff of Tritax Management LLP, this figure
only includes Ordinary Shares issued pursuant to the management fee
arrangements with the Manager.
Total Voting Rights
Immediately following Admission, the Company's issued share
capital will consist of 1,474,233,401 Ordinary Shares with voting
rights. This figure may be used by Shareholders as the denominator
for the calculations by which they will determine if they are
required to notify their interest in, or a change to their interest
in, the share capital of the Company under the FCA's Disclosure and
Transparency Rules.
For further information, please contact:
Tritax Group via Newgate below
Colin Godfrey (Partner, Fund Manager)
Newgate (PR Adviser) Tel: 020 7680 6550
James Benjamin Email: tritax@newgatecomms.com
Anna Geffert
Jefferies International Limited Tel: 020 7029 8000
Gary Gould
Stuart Klein
Akur Limited Tel: 020 7493 3631
Anthony Richardson
Tom Frost
Siobhan Sergeant
The Company's LEI is: 213800L6X88MIYPVR714
NOTES:
Tritax Big Box REIT plc is the only listed vehicle dedicated to
investing in very large logistics warehouse assets ("Big Boxes") in
the UK and is committed to delivering attractive and sustainable
returns for shareholders. Investing in and actively managing
existing built investments, land suitable for Big Box development
and pre-let forward funded developments, the Company focuses on
well-located, modern "Big Box" logistics assets, typically greater
than 500,000 sq. ft. (measured by floor area, c. 67% of the
Company's existing logistics facilities including forward funded
developments are in excess of 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 supply
of Big Boxes.
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 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 news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
DSHFMMGGKKFGRZM
(END) Dow Jones Newswires
October 08, 2018 02:00 ET (06:00 GMT)
Tritax Big Box Reit (LSE:BBOX)
Historical Stock Chart
From Apr 2024 to May 2024
Tritax Big Box Reit (LSE:BBOX)
Historical Stock Chart
From May 2023 to May 2024