Management share issue PDMRs

RNS Number : 1545S

Tritax Big Box REIT plc

12 March 2021

 

12 March 2021

TRITAX BIG BOX REIT PLC

(the "Company")

ISSUE OF ORDINARY SHARES AND PDMR SHAREHOLDINGS

The Board of the Company announces that in accordance with:

a)  the terms of the Investment Management Agreement between the Company and Tritax Management LLP (the Manager) dated 11 September 2017 pursuant to which 25 per cent. of the management fee (net of any applicable tax) is payable in new ordinary shares of the Company ("Ordinary Shares") the Company will issue 708,380 Ordinary Shares to the partners and certain staff of the Manager, including the persons discharging managerial responsibilities ("PDMRs") referred to below; and

b)  the terms of the Bonus Agreement between the Company and Tritax Symmetry Management Limited ("Tritax Symmetry") dated 27 January 2021, pursuant to which 20 per cent. of the deal bonus fee (net of any applicable taxes) is payable in Ordinary Shares, the Company will issue 33,504 Ordinary Shares to certain staff of Tritax Symmetry,

in each case at a price of 169.92p per Ordinary Share, being the most recently published basic net asset value per Ordinary Share as at 31 December 2020 .

Following Board approval on 9 March 2021, an application has been made for the Ordinary 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 Ordinary Shares will commence at 8am on 15 March 2021 ("Admission").

Immediately following Admission, the Company's issued share capital will consist of 1,719,883,762 Ordinary Shares carrying one vote each. The Company does not hold any shares in treasury. Therefore, following Admission, the total number of voting rights in the Company will be 1,719,883,762. 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 Guidance and Transparency Rules.

PDMR Shareholdings

In accordance with article 19.3 of the Market Abuse Regulation, immediately following Admission, the beneficial interests of certain persons discharging managerial decisions ("PDMRs") (and/or persons closely associated thereof) will be as follows:

PDMR	Position	Number of O rdinary Shares issued	Number of Ordinary Shares held following the Admission	% of issued share capital following the Admission
Mark Shaw1	PDMR	148,013	2,298,733	0.134
Colin Godfrey2	PDMR	158,937	2,269,052	0.132
James Dunlop3	PDMR	158,937	2,206,691	0.128
Henry Franklin4	PDMR	114,619	1,656,479	0.096
Bjorn Hobart5	PDMR	25,714	305,491*	0.018
Petrina Porter ( née Austin)	PDMR	25,714	271,771	0.016
F rankie Whitehead6	PDMR	10,784	117,874	0.007
Tritax Management LLP	Manager	245	95,275	0.005
Staff of the Management LLP**	Staff of Manager	65,417	517,277	0.030
Staff of Tritax Symmetry Management **	Staff of Tritax Symmetry	33,504	33,504	0.002
Total		741,884	9,772,147	0.568

^{1 148,013 shares have been acquired by Lesley Shaw (PCA of Mark Shaw).}

^{2 158,937 shares have been acquired by Lynne Godfrey (PCA of Colin Godfrey).}

^{3 29,468 shares have been acquired by Amelia Dunlop and 29,469 shares have been acquired by Tom Dunlop (PCAs of James Dunlop).}

^{4 50,000 shares have been acquired by Alfred Jackson Franklin and 64,619 shares have been acquired by Daisy Franklin (PCAs of Henry Franklin).}

^{5 25,714 shares have been acquired by Lianne Hobart (PCA of Bjorn Hobart).}

^{6 10,784 shares have been acquired by Martine Whitehead (PCA of Frankie Whitehead). Frankie Whitehead became a PDMR of the Company on 7 December 2020.}

^{*The figure above includes an adjustment following shares acquired through an automated dividend reinvestment plan set up by Bjorn Hobart and a move of shares into a personal ISA account. The FCA has been notified of the adjustment.}

^{**In respect of the staff of Tritax Management LLP and Tritax Symmetry Management Ltd, these figures only include Ordinary Shares issues or purchased pursuant to the management fee arrangements with the respective companies.}

FOR FURTHER INFORMATION, PLEASE CONTACT:

Tritax Group Hana Beard (Company Secretary) Tel: [phone] Ian Brown / Jo Blackshaw (Investor Relations) Maitland/AMO (Media enquiries) James Benjamin Tel: [phone] [e-mail]

The Company's LEI is: 213800L6X88MIYPVR714

NOTES:

Tritax Big Box REIT plc (ticker: BBOX) 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 developments predominantly delivered through pre-let forward funded basis, the Company focuses on large, well-located, modern Big Box logistics assets, 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

Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No. 596/2014

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Lesley Shaw
2	Reason for the notification
a)	Position/status	PCA of PDMR (Mark Shaw)
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Tritax Big Box REIT plc
b)	LEI	213800L6X88MIYPVR714
4	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 instrument, type of instrument	Ordinary Shares of 1p each
	Identification code	ISIN: GB00BG49KP99
b)	Nature of the transaction	Issue of Ordinary Shares
c)	Price(s) and volume(s)
			Price(s) - GBP	Volume(s)
			169.92 pence per share	148,013
d)	Aggregated information	N/A
	- Aggregated volume
	- Price
e)	Date of the transaction	15 March 2021 (expected date of listing of shares)
f)	Place of the transaction	London Stock Exchange (XLON)

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Lynne Godfrey
2	Reason for the notification
a)	Position/status	PCA of PDMR (Colin Godfrey)
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Tritax Big Box REIT plc
b)	LEI	213800L6X88MIYPVR714
4	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 instrument, type of instrument	Ordinary Shares of 1p each
	Identification code	ISIN: GB00BG49KP99
b)	Nature of the transaction	Issue of Ordinary Shares
c)	Price(s) and volume(s)
			Price(s) - GBP	Volume(s)
			169.92 pence per share	158,937
d)	Aggregated information	N/A
	- Aggregated volume
	- Price
e)	Date of the transaction	15 March 2021 (expected date of listing of shares)
f)	Place of the transaction	London Stock Exchange (XLON)

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	James Dunlop
2	Reason for the notification
a)	Position/status	PDMR
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Tritax Big Box REIT plc
b)	LEI	213800L6X88MIYPVR714
4	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 instrument, type of instrument	Ordinary Shares of 1p each
	Identification code	ISIN: GB00BG49KP99
b)	Nature of the transaction	Issue of Ordinary Shares
c)	Price(s) and volume(s)
			Price(s) - GBP	Volume(s)
			169.92 pence per share	100,000
d)	Aggregated information	N/A
	- Aggregated volume
	- Price
e)	Date of the transaction	15 March 2021 (expected date of listing of shares)
f)	Place of the transaction	London Stock Exchange (XLON)

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Amelia Dunlop
2	Reason for the notification
a)	Position/status	PCA of PDMR (James Dunlop)
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Tritax Big Box REIT plc
b)	LEI	213800L6X88MIYPVR714
4	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 instrument, type of instrument	Ordinary Shares of 1p each
	Identification code	ISIN: GB00BG49KP99
b)	Nature of the transaction	Issue of Ordinary Shares
c)	Price(s) and volume(s)
			Price(s) - GBP	Volume(s)
			169.92 pence per share	29,468
d)	Aggregated information	N/A
	- Aggregated volume
	- Price
e)	Date of the transaction	15 March 2021 (expected date of listing of shares)
f)	Place of the transaction	London Stock Exchange (XLON)

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Tom Dunlop
2	Reason for the notification
a)	Position/status	PCA of PDMR (James Dunlop)
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Tritax Big Box REIT plc
b)	LEI	213800L6X88MIYPVR714
4	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 instrument, type of instrument	Ordinary Shares of 1p each
	Identification code	ISIN: GB00BG49KP99
b)	Nature of the transaction	Issue of Ordinary Shares
c)	Price(s) and volume(s)
			Price(s) - GBP	Volume(s)
			169.92 pence per share	29,469
d)	Aggregated information	N/A
	- Aggregated volume
	- Price
e)	Date of the transaction	15 March 2021 (expected date of listing of shares)
f)	Place of the transaction	London Stock Exchange (XLON)

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Alfred Jackson Franklin
2	Reason for the notification
a)	Position/status	PCA of PDMR (Henry Franklin)
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Tritax Big Box REIT plc
b)	LEI	213800L6X88MIYPVR714
4	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 instrument, type of instrument	Ordinary Shares of 1p each
	Identification code	ISIN: GB00BG49KP99
b)	Nature of the transaction	Issue of Ordinary Shares
c)	Price(s) and volume(s)
			Price(s) - GBP	Volume(s)
			169.92 pence per share	50,000
d)	Aggregated information	N/A
	- Aggregated volume
	- Price
e)	Date of the transaction	15 March 2021 (expected date of listing of shares)
f)	Place of the transaction	London Stock Exchange (XLON)

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Daisy Franklin
2	Reason for the notification
a)	Position/status	PCA of PDMR (Henry Franklin)
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Tritax Big Box REIT plc
b)	LEI	213800L6X88MIYPVR714
4	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 instrument, type of instrument	Ordinary Shares of 1p each
	Identification code	ISIN: GB00BG49KP99
b)	Nature of the transaction	Issue of Ordinary Shares
c)	Price(s) and volume(s)
			Price(s) - GBP	Volume(s)
			169.92 pence per share	64,619
d)	Aggregated information	N/A
	- Aggregated volume
	- Price
e)	Date of the transaction	15 March 2021 (expected date of listing of shares)
f)	Place of the transaction	London Stock Exchange (XLON)

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Lianne Hobart
2	Reason for the notification
a)	Position/status	PCA of PDMR (Bjorn Hobart)
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Tritax Big Box REIT plc
b)	LEI	213800L6X88MIYPVR714
4	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 instrument, type of instrument	Ordinary Shares of 1p each
	Identification code	ISIN: GB00BG49KP99
b)	Nature of the transaction	Issue of ordinary shares
c)	Price(s) and volume(s)
			Price(s) - GBP	Volume(s)
			169.92  pence per share	25,714
d)	Aggregated information	N/A
	- Aggregated volume
	- Price
e)	Date of the transaction	15 March 2021 (expected date of listing of shares)
f)	Place of the transaction	London Stock Exchange (XLON)

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Petrina Porter (née Austin)
2	Reason for the notification
a)	Position/status	PDMR
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Tritax Big Box REIT plc
b)	LEI	213800L6X88MIYPVR714
4	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 instrument, type of instrument	Ordinary Shares of 1p each
	Identification code	ISIN: GB00BG49KP99
b)	Nature of the transaction	Issue of ordinary shares
c)	Price(s) and volume(s)
			Price(s) - GBP	Volume(s)
			169.92  pence per share	25,714
d)	Aggregated information	N/A
	- Aggregated volume
	- Price
e)	Date of the transaction	15 March 2021 (expected date of listing of shares)
f)	Place of the transaction	London Stock Exchange (XLON)

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Martine Whitehead
2	Reason for the notification
a)	Position/status	PCA of PDMR (Frankie Whitehead)
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Tritax Big Box REIT plc
b)	LEI	213800L6X88MIYPVR714
4	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 instrument, type of instrument	Ordinary Shares of 1p each
	Identification code	ISIN: GB00BG49KP99
b)	Nature of the transaction	Issue of ordinary shares
c)	Price(s) and volume(s)
			Price(s) - GBP	Volume(s)
			169.92  pence per share	10,784
d)	Aggregated information	N/A
	- Aggregated volume
	- Price
e)	Date of the transaction	15 March 2021 (expected date of listing of shares)
f)	Place of the transaction	London Stock Exchange (XLON)

 

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